Le Chatelier Tokenomics: A Thermodynamic-Homeostatic Framing of Negative-Feedback Token Supply Control, with a Multi-Asset Coupled-Equilibrium Extension

Anton Dziatkovskii · ORCID 0000-0001-7408-3054

Preprint, 7 September 2026. Version of record: Zenodo, DOI 10.5281/zenodo.22639710. License CC BY 4.0.

Full text (PDF, 4 pages, 203 KB)DOI

Abstract

Algorithmic monetary policy in decentralized systems is conventionally described in the language of control engineering: elastic-supply tokens (Ampleforth) and PI-controlled redemption-rate systems (Reflexer/RAI) adjust token supply or implied interest in response to the deviation of market price from a target. This paper reframes the same family of mechanisms through the lens of thermodynamic and biological homeostasis, specifically the Le Chatelier-Brown principle, under which a system at equilibrium responds to an external perturbation by shifting in the direction that weakens that perturbation. We argue this framing is not merely cosmetic: it supplies design intuitions (ultra-stability, antagonistic regulation, managed hysteresis) that the control-engineering view leaves implicit, and it situates token stabilization within the broader theory of homeostatic systems. We formalize a single-asset negative-feedback supply controller as a discrete Le Chatelier response, make explicit its equivalence to a proportional controller, and then introduce a multi-asset coupled-equilibrium extension in which a perturbation to one token's equilibrium induces proportional corrective flows across N coupled markets — a regime, to our knowledge, absent from the existing algorithmic-stablecoin literature. We discuss stability conditions, hysteresis to suppress oscillation, and attack surfaces at phase transitions.

Keywords

tokenomics · algorithmic stablecoins · Le Chatelier principle · homeostasis · negative feedback · control theory · decentralized finance

How to cite

Dziatkovskii, A. (2026). Le Chatelier Tokenomics: A Thermodynamic-Homeostatic Framing of Negative-Feedback Token Supply Control, with a Multi-Asset Coupled-Equilibrium Extension. Preprint. Zenodo. https://doi.org/10.5281/zenodo.22639710

@misc{dziatkovskii2026lechateliert,
  author    = {Dziatkovskii, Anton},
  title     = {Le Chatelier Tokenomics: A Thermodynamic-Homeostatic Framing of Negative-Feedback Token Supply Control, with a Multi-Asset Coupled-Equilibrium Extension},
  year      = {2026},
  publisher = {Zenodo},
  doi       = {10.5281/zenodo.22639710},
  url       = {https://doi.org/10.5281/zenodo.22639710},
  note      = {Preprint, CC BY 4.0}
}

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