The fixed-point calculus is a toolbox of theorems for reasoning equationally about fixed points. However, the underlying concepts of the calculus are not defined equationally, including the central definition, that of least fixed point. Thus, although the key theorems of the fixed-point calculus are equational, their proofs are not.

In this work, we give equational specifications for the main concepts of the fixed-point calculus for partially ordered sets, to allow more proofs to be written in an equational style. Since reasoning equationally can be cumbersome without appropriate abstractions, we employ the graphical language of string diagrams, based on a category of feasibility relations, to make reasoning more ergonomical.

Our contributions culminate in graphical equational proofs of key results of the fixed-point calculus, including the rolling, diagonal, and square rules; fixed-point fusion; and the mutual recursion theorem.