diff --git a/.gsd/STATE.md b/.gsd/STATE.md
index 41a565141..ecf2d519e 100644
--- a/.gsd/STATE.md
+++ b/.gsd/STATE.md
@@ -1,33 +1,20 @@
 # GSD State
 
 **Active Milestone:** M002 — Branded Installer & Onboarding Experience
-**Active Slice:** S02 — ASCII logo in postinstall + first-launch banner (next up)
-**Active Task:** none (planning complete, ready for execution)
-**Phase:** S01 complete, S02-S03 planned
-**Slice Branch:** gsd/M002/S01
-**Active Workspace:** /Users/lexchristopherson/Developer/gsd-2
-**Next Action:** Execute S02/T01 — Create shared logo module and wire into postinstall + loader
-**Last Updated:** 2026-03-11 (M001-SUMMARY.md written, milestone formally closed)
+**Active Slice:** S02 — ASCII logo in postinstall + first-launch banner
+**Phase:** executing
+**Requirements Status:** 11 active · 0 validated · 2 deferred · 2 out of scope
+
+## Milestone Registry
+- ✅ **M001:** GSD 2.0 MVP CLI
+- 🔄 **M002:** Branded Installer & Onboarding Experience
+- ⬜ **M003:** M003
 
 ## Recent Decisions
-
-- D024: Use @clack/prompts + picocolors for branded postinstall (same stack as vercel-labs/skills)
-- D025: Redirect clack stdout → stderr for npm lifecycle visibility
-- D026: Async subprocess execution (exec, not execSync) to allow spinner animation
-
-## Milestone Progress
-
-### M001 — GSD 2.0 MVP CLI — COMPLETE
-
-### M002 — Branded Installer & Onboarding Experience — IN PROGRESS
-- [x] S01: Branded postinstall with clack
-- [ ] S02: ASCII logo in postinstall + first-launch banner
-  - [ ] T01: Create shared logo module and wire into postinstall + loader
-- [ ] S03: Unified first-run onboarding wizard
-  - [ ] T01: Build the onboarding wizard module
-  - [ ] T02: Wire onboarding into cli.ts boot sequence
-  - [ ] T03: Integration test — full onboarding → TUI flow
+- None recorded
 
 ## Blockers
+- None
 
-- (none)
+## Next Action
+Execute T01: Create shared logo module and wire into postinstall + loader in slice S02.