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The diagnostic process of identifying which of the five functional layers are active in a given capital structure and which remain dormant. Structures with more activated layers generally achieve higher catalytic leverage and sustainability.
Analysis of a grant program: Layer 1 (Risk Absorption)—partially active via first-loss. Layer 2 (Temporal Smoothing)—inactive (annual cycles). Layer 3 (Crowd-In)—inactive. Layer 4 (System Value)—active. Layer 5 (Perpetual)—inactive. Only 1.5/5 layers active explains low leverage.
UACC Section 6.1