What is the Stress Response Framework?
The Stress Response Framework (SRF) is the Satoshi Institute standard that defines how a Bitcoin treasury operator pre-authorises actions at named stress thresholds — typically 30%, 50%, and 70% peak-to-trough drawdowns, plus liquidity and covenant events. For each trigger, the SRF assigns response actions, signing authority, communication obligations, and disclosure timing — turning discretion into procedure. The full specification lives at /frameworks/srf.
Why this question gets asked
Operators are asked what they will do in a crisis. The honest answer is whatever was approved before it.
Treasury v1 asks vs. Treasury v2 asks
- What do we do if it crashes?
- At a 50% drawdown, what fires automatically?
- Who has authority to act before the board can meet?
“What is the Stress Response Framework?”
“At each named trigger, which action is pre-authorised, who executes it, and what is disclosed?”
Operators are asked what they will do in a crisis. The honest answer is whatever was approved before it.
What decision-makers should watch
- Named thresholds with documented response actions
- Signing authority and quorum pre-assigned per trigger
- Communication protocol tied to each level
- Disclosure timing committed in advance
Related questions
Satoshi Institute view
The SRF turns the most discretionary moment in the cycle into the least discretionary one. That is the entire point.
Glossary terms
Cross-reference the institutional glossary, RARTA, SRF, and BEOL.