Personal research project — paper-testing & tuning, not raising capital.
Paper research · advisory

Competitive position — the white space, each claim shipped

The yield-management market splits in two: retail auto-compounders on one side, institutional curated vaults on the other. In between sits a transparent personal-capital risk desk for the $100K–$5M band that measures and refuses — and proves it. Below: four differentiators, each backed by a shipped, verifiable surface — not a promise.

Four differentiators -> shipped surface

D-1 SHIPPED

Public refusal log

We publish what we refuse, not just what we trade — every decline hashed, with its reason.

See the refusal log
D-2 SHIPPED

Liquidation-NAV by size

What you actually realize on exit at a given ticket — not marketing NAV. Per-row hashed.

See exit-NAV by size
D-3 SHIPPED

Anti-AI risk discipline

A deterministic RiskPolicy (v1.0). LLM-FORBIDDEN in risk / execution / kill — same inputs, same decision, byte-reproducible.

How the engine decides
D-4 SHIPPED

Personal-capital, capacity-honest desk

A transparent personal-capital risk desk that publishes its OWN ceiling and an accruing, hash-anchored track.

See the track record

The through-line: the differentiator is not a higher number — it is honest measurement made checkable. Three of the four publish what others hide (declines, real exit slippage, the honest ceiling); the fourth removes human / LLM discretion from risk management.

Honest constraints

  • The track is THIN — accruing to 30 evidenced days; risk-adjusted ratios land near day 30 and read THIN until then, never fabricated.
  • Capacity is bounded — carry above the floor is real but depth-bounded; $10M = scale + decorrelation + AUM, not reachable today.
  • The capital is paper — $0 real, a virtual $100k book. Not investment advice.

Forward-looking (labeled) — not yet shipped

Named honestly as future, not as a present differentiator: an investor portal with per-participant P&L attribution + legal onboarding; 2+ independent audits + a bug bounty before go-live; and the off-code scale legs (custody/MPC, legal, real capital + relationships) that gate $10M.

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⚠ Personal Research Project: SPA is a personal research project in paper validation and tuning. Not a regulated financial service. Not raising capital. Not investment advice.

Paper Trading Disclosure: All performance data reflects simulated trading on a virtual $100,000 USDC portfolio. Current paper APY: ~3.6% (variable, not a forecast). Simulated performance does not account for live slippage, liquidity impact, or smart contract execution risk. We reset our own track: only days with a real cycle log count (currently 10/30, anchor 2026-06-22). Go-live target: ~2026-07-21 — contingent on GoLiveChecker 29/29 (currently 27/29 NOT READY). See /track-record.

Not a Regulated Service: SPA is a personal research project at the paper-testing stage. This does not constitute investment advice, financial advice, or a solicitation to invest in any jurisdiction. Consult qualified professionals before making investment decisions.

DeFi-specific risks: Smart contract vulnerabilities and exploits · Protocol insolvency · Stablecoin de-pegging · Oracle manipulation · Regulatory actions · Technology failure. Funds in DeFi protocols are not covered by any investor compensation scheme.