ChainCatcher Message, SPR announces the launch of a distributed shareholder subscription mechanism and simultaneously activates on-chain automatic execution rules. The core logic of the protocol is entirely operated by smart contracts, with execution rights fully decentralized. The official also discloses the protocol wallet observation address, allowing community members and external observers to verify each fund flow and execution result in real-time. Some analyses point out that this design, which puts both "execution rights" and "verification rights" on the chain, provides a new practical example for transparency and verifiability in DeFi protocols.