Release 2026 06 22 ocp v35 conversion mechanism validation

Release: OCP v35 Conversion Mechanism Validation

Date: 2026-06-22
PR: #233
Linear: ENG-725
Networks: none (local backup only)

Summary

Minor version bump 0.0.1 → 0.0.2 for OpenCapTable-v35 (DAML SDK 3.5.1). Adds conversion mechanism validators with full enum variant coverage and wires them into convertible issuance and warrant issuance paths. Contract templates are unchanged from the v35 scaffold; this release tightens ensure validation only.

Layer	Status
Source	OpenCapTable-v35 0.0.2
On-chain	Still v34 on devnet + mainnet (dars/dars.lock)
DAR backup	OpenCapTable-v35/0.0.2 in dars/ with networks: []
npm	Unchanged until next package-scoped tag publish

Validation behavior

Mechanism	Change
SAFE	Validates exit_multiple via validateOcfRatio; optional discount and valuation cap
Note	No longer requires non-empty interest_rates; validates exit_multiple when present
PPS	When discount=false, rejects if both discount_percentage and discount_amount are set
Warrant	All 5 mechanism variants validated at issuance (custom, percent cap, fixed amount, valuation-based, PPS)

Changes

• Validators in Fairmint.OpenCapTable.Types.Conversion (Conversion.daml)
• ConvertibleIssuance and WarrantIssuance call mechanism validators via conversion triggers/rights
• TestConversionMechanisms.daml — regression tests for every mechanism variant

Version info

Package	Old	New	Change
OpenCapTable-v35	0.0.1	0.0.2	Minor (schema-aligned validation)

Pre-deployment checklist

• Build passes: npm run build
• Tests pass: npm run test
• Push package-scoped tag OpenCapTable-v35-v0.0.2 per Package-Tag-Release-Process
• Upload v35 DAR to devnet + mainnet
• Redeploy OcpFactory for new package id

Related

• Release-2026-06-22-ocp-v35-sdk-scaffold — prior v35 0.0.1 scaffold (#230)
• Release-2026-03-05-ocp-v32-pps-based-conversion-rename — PPS constructor rename precedent
• Releases — release index