diff --git a/AGENTS.md b/AGENTS.md
index a9b095d..f097656 100644
--- a/AGENTS.md
+++ b/AGENTS.md
@@ -103,6 +103,33 @@ gameplay, run in the simulator and play, or use the Dope Wars debug env vars bel
 `DopeWarsSim` also exposes `debug*` mutators (wallet, debt, price, tier, held, forced
 RNG rolls) gated behind `#if DEBUG`.
 
+### Dope Wars — wave-1 mechanics (the "make it dynamic" rework)
+The classic uniform per-day price roll was replaced with a **momentum +
+mean-reversion** model: each day a product carries `momentum` (0.50) of yesterday's
+deviation from its **per-borough anchor** (`boroughAnchor`/`methAnchor`/
+`chinaWhiteAnchor`) plus a ±`noisePct` (0.15) random walk, with event **shocks**
+(decaying at `shockDecay` 0.70) injected on top. Tuning constants live in the
+`// MARK: Wave-1 tuning` block — change them there, not inline.
+Other wave-1 systems, all in `DopeWarsSim`:
+- **Price history / sparkline** — `spark: [[Int]]` (last 7 days per product) feeds the
+  per-row `SKShapeNode` sparkline on the board.
+- **Market impact** — `marketImpact()` nudges today's local price by the share of the
+  day's volume you traded (buy pushes up, sell pushes down); `buy` charges the
+  post-impact price.
+- **Paid information** — `buyForecast(for:)` (Bronx contact, 70% accurate, 1-day) +
+  the existing free `Rumor`.
+- **Reputation** — hidden `rep` (0…100, starts 50) moved by `changeRep`; drives
+  `fenceBonus`, `heatMult`, and shark terms.
+- **Investments** — `Investment` enum (coat +30, fence auto-sell, shark protection);
+  `buyInvestment` (Bronx only).
+- **Chase bribe** — `chaseBribe()` + `bribeCost` (RUN/FIGHT/BRIBE in the chase sheet).
+- **Shark favors** — `Favor` (risky no-profit delivery), `acceptFavor`/`refuseFavor`/
+  `resolveFavorDelivery`; good-standing cap (`sharkCap`, doubled by protection) sets
+  `sharkRate` (7% vs 10%).
+The Scene mirrors each with a sheet/mode (`.contact`, `.investments`, `.favor`,
+`.bronxMenu`, chase BRIBE). Keep the Scene/Sim split — mechanics in the Sim, pixels
+in the Scene.
+
 ## 4. Git & Gitea
 
 Remote: Gitea `https://git.kwalb.com/kyle/Arcade85` (branch `main`). No git