diff --git a/pitch-deck/components/PitchDeck.tsx b/pitch-deck/components/PitchDeck.tsx
index 720cee9..773e0ad 100644
--- a/pitch-deck/components/PitchDeck.tsx
+++ b/pitch-deck/components/PitchDeck.tsx
@@ -202,7 +202,7 @@ export default function PitchDeck({ lang, onToggleLanguage, investor, onLogout,
       case 'annex-architecture':
         return <ArchitectureSlide lang={lang} />
       case 'annex-gtm':
-        return <GTMSlide lang={lang} />
+        return <GTMSlide lang={lang} isWandeldarlehen={isWandeldarlehen} />
       case 'annex-regulatory':
         return <RegulatorySlide lang={lang} />
       case 'annex-engineering':
diff --git a/pitch-deck/components/slides/GTMSlide.tsx b/pitch-deck/components/slides/GTMSlide.tsx
index 249b8de..4d4f406 100644
--- a/pitch-deck/components/slides/GTMSlide.tsx
+++ b/pitch-deck/components/slides/GTMSlide.tsx
@@ -9,13 +9,50 @@ import { Target, Users, Handshake, Megaphone, Building2, GraduationCap } from 'l
 
 interface GTMSlideProps {
   lang: Language
+  isWandeldarlehen?: boolean
 }
 
-export default function GTMSlide({ lang }: GTMSlideProps) {
+export default function GTMSlide({ lang, isWandeldarlehen }: GTMSlideProps) {
   const i = t(lang)
   const de = lang === 'de'
 
-  const phases = [
+  const phasesLean = [
+    {
+      phase: de ? 'Phase 1: Gründung & Pilot (2026)' : 'Phase 1: Founding & Pilot (2026)',
+      color: 'border-indigo-500/30 bg-indigo-500/5',
+      textColor: 'text-indigo-400',
+      items: [
+        de ? 'Gründer verkaufen selbst — persönliches Netzwerk' : 'Founders sell themselves — personal network',
+        de ? 'Fokus: 3-5 Pilotkunden im Maschinenbau' : 'Focus: 3-5 pilot customers in manufacturing',
+        de ? 'Beratungsumsätze (5k/Mon) finanzieren Anlaufphase' : 'Consulting revenue (5k/month) finances ramp-up',
+        de ? 'Case Studies und erste Referenzen aufbauen' : 'Build case studies and first references',
+      ],
+    },
+    {
+      phase: de ? 'Phase 2: Organisches Wachstum (2027-2028)' : 'Phase 2: Organic Growth (2027-2028)',
+      color: 'border-purple-500/30 bg-purple-500/5',
+      textColor: 'text-purple-400',
+      items: [
+        de ? 'Content Marketing: Compliance-Webinare, SEO' : 'Content marketing: Compliance webinars, SEO',
+        de ? 'Beratung steigt auf 10-20k/Mon (Cashflow)' : 'Consulting grows to 10-20k/month (cashflow)',
+        de ? 'Erste Vertriebsperson ab September 2028' : 'First salesperson from September 2028',
+        de ? 'Ziel: 10-20 Bestandskunden organisch' : 'Target: 10-20 active customers organically',
+      ],
+    },
+    {
+      phase: de ? 'Phase 3: Skalierung (2029+)' : 'Phase 3: Scaling (2029+)',
+      color: 'border-emerald-500/30 bg-emerald-500/5',
+      textColor: 'text-emerald-400',
+      items: [
+        de ? 'Channel-Ansatz mit Bechtle/CANCOM ab Revenue' : 'Channel approach with Bechtle/CANCOM from revenue',
+        de ? 'Marketing-Person und Customer Success' : 'Marketing hire and customer success',
+        de ? '50-200+ Kunden, Break-Even erreicht' : '50-200+ customers, break-even reached',
+        de ? 'Profitables Wachstum ohne weitere Finanzierungsrunde' : 'Profitable growth without further funding round',
+      ],
+    },
+  ]
+
+  const phases1M = [
     {
       phase: de ? 'Phase 1: Pilot (2026)' : 'Phase 1: Pilot (2026)',
       color: 'border-indigo-500/30 bg-indigo-500/5',
@@ -23,7 +60,7 @@ export default function GTMSlide({ lang }: GTMSlideProps) {
       items: [
         de ? 'Direktvertrieb an 5-20 KMU in DACH' : 'Direct sales to 5-20 SMEs in DACH',
         de ? 'Fokus: Maschinen- & Anlagenbau, Automobilindustrie, Elektro- & Digitalindustrie' : 'Focus: Machinery & Plant Eng., Automotive, Electrical & Digital Industry',
-        de ? 'Persoenliches Onboarding, White-Glove-Service' : 'Personal onboarding, white-glove service',
+        de ? 'Persönliches Onboarding, White-Glove-Service' : 'Personal onboarding, white-glove service',
         de ? 'Case Studies und Referenzkunden aufbauen' : 'Build case studies and reference customers',
       ],
     },
@@ -51,13 +88,23 @@ export default function GTMSlide({ lang }: GTMSlideProps) {
     },
   ]
 
-  const channels = [
+  const phases = isWandeldarlehen ? phasesLean : phases1M
+
+  const channelsLean = [
+    { icon: Target, label: de ? 'Gründer-Vertrieb' : 'Founder Sales', pct: '60%', desc: de ? 'Persönliches Netzwerk + Beratung' : 'Personal network + consulting' },
+    { icon: Megaphone, label: de ? 'Content & SEO' : 'Content & SEO', pct: '25%', desc: de ? 'Webinare, Whitepaper, Fachbeiträge' : 'Webinars, whitepapers, articles' },
+    { icon: Users, label: de ? 'Empfehlungen' : 'Referrals', pct: '15%', desc: de ? 'Zufriedene Pilotkunden' : 'Satisfied pilot customers' },
+  ]
+
+  const channels1M = [
     { icon: Target, label: de ? 'Direktvertrieb' : 'Direct Sales', pct: '40%', desc: de ? 'Outbound + Inbound, 2 AEs ab 2027' : 'Outbound + Inbound, 2 AEs from 2027' },
     { icon: Handshake, label: de ? 'Channel-Partner' : 'Channel Partners', pct: '30%', desc: de ? 'IT-Händler, Systemhäuser, MSPs' : 'IT resellers, system integrators, MSPs' },
     { icon: Megaphone, label: de ? 'Content & Events' : 'Content & Events', pct: '20%', desc: de ? 'Webinare, Messen (it-sa), SEO' : 'Webinars, trade shows (it-sa), SEO' },
     { icon: Users, label: de ? 'Empfehlungen' : 'Referrals', pct: '10%', desc: de ? 'Bestandskunden-Empfehlungsprogramm' : 'Customer referral program' },
   ]
 
+  const channels = isWandeldarlehen ? channelsLean : channels1M
+
   const idealCustomer = [
     { icon: Building2, label: de ? '10-250 Mitarbeiter' : '10-250 Employees' },
     { icon: GraduationCap, label: de ? 'Produzierende Industrie (Maschinenbau, Automotive, Elektro, Chemie)' : 'Manufacturing Industry (Machinery, Automotive, Electrical, Chemicals)' },
diff --git a/pitch-deck/components/slides/USPSlide.tsx b/pitch-deck/components/slides/USPSlide.tsx
index e612e11..5d15122 100644
--- a/pitch-deck/components/slides/USPSlide.tsx
+++ b/pitch-deck/components/slides/USPSlide.tsx
@@ -155,6 +155,48 @@ export default function USPSlide({ lang }: USPSlideProps) {
           </svg>
         </div>
       </FadeInView>
+
+      {/* MOAT — 3 Sätze */}
+      <FadeInView delay={0.4} className="mt-6 max-w-6xl mx-auto">
+        <h3 className="text-xs font-bold text-white/40 uppercase tracking-wider mb-3 text-center">
+          {de ? 'Unser MOAT' : 'Our MOAT'}
+        </h3>
+        <div className="grid md:grid-cols-3 gap-3">
+          <GlassCard hover={false} className="p-4 border-t-2 border-t-indigo-500">
+            <div className="flex items-center gap-2 mb-2">
+              <GitPullRequest className="w-4 h-4 text-indigo-400" />
+              <h4 className="text-xs font-bold text-indigo-400">End-to-End Traceability</h4>
+            </div>
+            <p className="text-xs text-white/50 leading-relaxed">
+              {de
+                ? 'Regulatorische Anforderungen (Gesetz → Obligation → Control) deterministisch mit realem Systemzustand und Code verknüpft — inklusive revisionssicherem Evidence-Layer.'
+                : 'Regulatory requirements (law → obligation → control) deterministically linked to real system state and code — including audit-proof evidence layer.'}
+            </p>
+          </GlassCard>
+          <GlassCard hover={false} className="p-4 border-t-2 border-t-purple-500">
+            <div className="flex items-center gap-2 mb-2">
+              <Zap className="w-4 h-4 text-purple-400" />
+              <h4 className="text-xs font-bold text-purple-400">Continuous Compliance Engine</h4>
+            </div>
+            <p className="text-xs text-white/50 leading-relaxed">
+              {de
+                ? 'Statt punktueller Audits: Validierung bei jeder Änderung (Code, Infrastruktur, Prozesse) mit auditierbaren Nachweisen in Echtzeit.'
+                : 'Instead of point-in-time audits: validation on every change (code, infrastructure, processes) with auditable evidence in real time.'}
+            </p>
+          </GlassCard>
+          <GlassCard hover={false} className="p-4 border-t-2 border-t-emerald-500">
+            <div className="flex items-center gap-2 mb-2">
+              <Shield className="w-4 h-4 text-emerald-400" />
+              <h4 className="text-xs font-bold text-emerald-400">EU-Trust & Governance Stack</h4>
+            </div>
+            <p className="text-xs text-white/50 leading-relaxed">
+              {de
+                ? 'Souveräne, DSGVO-/AI-Act-konforme Architektur (EU-Hosting, Isolation, Betriebsrat-Fähigkeit) — Marktzugang, den US-Lösungen strukturell nicht erreichen.'
+                : 'Sovereign, GDPR/AI Act compliant architecture (EU hosting, isolation, works council capability) — market access that US solutions structurally cannot achieve.'}
+            </p>
+          </GlassCard>
+        </div>
+      </FadeInView>
     </div>
   )
 }