# 7-Day Quiet Period

**First 7 days after Genesis: no sHOLI emission.** Treasury does not mint staking-emission HOLI into sHOLI during this launch week. [LP pairing](/supply/paths#genesis-and-lp-pairing-mint), [mint-to-swap](/supply/mint-to-swap), the [green channel](/launch/green-channel), and other non-staking paths are not paused. The [team management mint](/dual-token/team#holi-team-management-mint) is coupled to successful sHOLI emission, so it also does not accrue during this pause.

This one-time launch pause is separate from the seven-day cooldown applied to every new stake.

## Paused

* **sHOLI emission** — the global HOLI-per-sHOLI ratio receives no inflation increment during the quiet week.
* **Seigniorage-tax release of launch-week emission** — none exists because the emission rate is zero. After the week, emission still requires the automatic 45% premium gate. [Seigniorage Tax](/supply/seigniorage-tax).

After the quiet period, claimed sHOLI weight <Md expr="w" /> votes on emission **on/off** and **rate**. Governance cannot override a failed automatic premium gate.

## Not paused

* **Staking deposits and cooldown** — deposits may create seven-day receipts. Their cooldown clock runs even while launch emission is paused. [sHOLI Staking](/staking).
* **Forming pools** — [SHYT/HOLI](/launch/opening-balance-sheet#shytholi-pool), [HOLI/USDG](/launch/opening-balance-sheet#holiusdg-pool), and later approved stock pools use [LP Pairing Mint](/supply/paths#genesis-and-lp-pairing-mint).
* **Mint-to-swap** — still governed by its own gate, cadence, and price-impact limit. [Mint-to-Swap](/supply/mint-to-swap).
* **Green channel** — SHYT buys HOLI at market through SHYT/HOLI. [SHYT Green Channel](/launch/green-channel).

A stake deposited during the quiet week may complete its personal cooldown during or after that week. It receives no launch-week emission because global emission is off; once emission begins, its effective shares participate according to the [sHOLI ratio](/staking#global-exchange-ratio).