Proof Layer
Methodology & Evidence
Methodology and evidence journal for SPA.
Current Status
Mode
Paper Trading
Capital (virtual)
$100,000 USDC
Track anchor
2026-06-22
Go-Live
decision pending — 30-day gate passed (120/30), date not set
GoLiveChecker
Automated readiness criteria
Track rate: +1.60% over 2026-06-22 to 2026-10-21 (121 days) = NAV $101,749.00 / NAV $100,150.66 − 1; estimated annualised equivalent (ACT/365 Fixed on valuation dates; start valuation time not recorded), not a forecast: 4.89% = (NAV $101,749.00 / NAV $100,150.66)^(365/121) − 1.
Total return has a different base: +1.75% since 2026-06-10 on the $100,000 base (measured 2026-10-21) — includes 12 days before the 2026-06-22 anchor that the annualised rate excludes.
Verify Us Yourself
Don't take our word for anything. Two deterministic, zero-dependency scripts reproduce everything we publish, from our public data/. Exit 0 — or the script names the exact broken row.
1 · Proof chain is intact
python3 scripts/verify_spa.py data/
Covers all 7 surfaces — decision chain, exit-NAV, anchors, equity track, tournament, RWA-NAV, sleeves. The exact --expect-head fingerprint and the verifier's own SHA-256 live in the auto-generated, test-guarded DD pack (docs/DD_PACK.md).
2 · The safety machinery FIRES
python3 scripts/defenses_exercised_report.py
11/11 defenses fire through the same governance code the daily cycle uses: two-tier kill ladder (SOFT −5.00% de-risk / HARD −10.00% all-cash), soft de-risk blocks every NEW position and INCREASE. The largest drawdown on the track is −0.04%, far from the −5.00% soft threshold — the brakes have not fired because it never stressed, not because they're absent.
Live public surfaces: /readiness · /refusals · /exit-nav · /proof-of-reserves · /track-record · /fundability
Strategy Status
| Strategy | Status | Paper Tracking |
|---|---|---|
| Conservative | Paper track | result published |
| Balanced | Paper track | result published |
| Aggressive | Paper track | result published |
Live Data Links
Documentation
What the book holds
Conservative book (paper) as of 2026-10-21. Share of allocated paper capital $100,000.00 (positions + cash). Tier is from the canonical protocol registry; this is what the book holds, not a recommendation. The full eligible universe and caps are RiskPolicy v1.0.
| Protocol (registry id) | Tier | Amount | Share |
|---|---|---|---|
| compound_v3 | T1 | $40,000.00 | 40.00% |
| fluid_fusdc | T2 | $20,000.00 | 20.00% |
| maple | T2 | $20,000.00 | 20.00% |
| morpho_blue_base | T2 | $10,000.00 | 10.00% |
| aave_v3 | T1 | $5,000.00 | 5.00% |
| cash | — | $5,000.00 | 5.00% |
Audit & Review Status
Smart contract audits
Not yet applicable (paper trading phase, no live contracts)
Code review
Internal review complete
External audit
Planned before go-live
Bug bounty
Not yet active — planned for go-live
Backtest Methodology & Evidence Standard
Point-in-Time Backtest Standard
We run our backtests using the Capital Preservation Algorithm (CPA) methodology, which enforces strict point-in-time data integrity.
No Look-Ahead Bias
Historical simulations only use protocols and data that existed on the simulation date. A protocol launched in 2023 cannot appear in 2022 backtest data — even if its APY data is available today.
Four-Stage Evidence Gate
Before any capital is deployed, our strategies pass through four validation stages:
| Stage | Name | Description | Status |
|---|---|---|---|
| 1 | Backtest Gate | 4-year historical simulation under strict PIT rules | ✅ PASS |
| 2 | Pre-Paper Gate | Code hardening, expanded protocol universe review | ✅ PASS |
| 3 | Paper Trading | Live simulation with real on-chain data, no real capital | ⏳ IN PROGRESS |
| 4 | Live Capital | Owner-signed authorization required | 🔒 BLOCKED |
120 evidenced days (anchor 2026-06-22) — target 30 (ADR-002) · ledger at /track-record
What We Disclose
backtest, not the track 86.97% average cash share in a strict point-in-time backtest over 2022–2026 (run 2026-06-19, ADR-030): most protocols were not yet live during the simulation period. A historical run, not re-computed since; it does not describe the simulated paper track (cash there is 5.00%).
Research strategies (RS-001, RS-002) are clearly labelled RESEARCH ONLY — not live capital eligible
All APY targets labelled as gross/net with explicit IL assumptions and source quality (CLEAN / PENDING / RESEARCH / NEEDED)
What We Don't Do
Cherry-pick backtest periods to inflate reported returns
Use "backtested" APY from protocols launched after the simulation period
Deploy live capital before evidence accumulation targets are met
Contact
via the request form on /pilot →
For questions about methodology or paper trading data.