Personal research project — paper-testing & tuning, not raising capital.
Track reset — honestly

We reset our own track

We audited our own paper track and reset it. Only days backed by a real daily-cycle log count. Right now that is 10 honest days (anchor 2026-06-22), not 15 padded ones. Every equity point and its source label is public.

Provable honesty

We publish 10 real days, not 15 padded ones

Auditing our own track found the earlier days were a flat-rate backfill — not the output of a real daily cycle. We don't count them. A day now counts only if it has a genuine daily-cycle log behind it. We would rather show 10 honest days than 15 padded ones. The reset itself is the trust signal.

Evidence anchor

2026-06-22

Evidenced / needed

10 / 30 days

Go-live target

2026-07-21

Paper / research track on a virtual $100k book. Not investment advice, not a forecast. Per-bar source labels are shown below — you can see which days are real.

Equity

virtual $100k base

Paper APY

variable · not guaranteed

Max drawdown

since track start

Evidenced days

10 / 30

cycle-logged days only

Equity curve (paper)

source: static fallback

Curve loads from the live evidence feed. When offline, the last static snapshot is shown.

Bar ledger — what counts

source: static fallback

Each bar is tagged with its source. Only cycle bars are evidenced by a log and count toward go-live. Backfill and warmup bars are dimmed — shown for transparency, but not counted.

2026-07-01 $100,246 cycle
2026-06-30 $100,233 cycle
2026-06-29 $100,224 cycle
2026-06-28 $100,213 cycle
2026-06-27 $100,202 cycle
2026-06-26 $100,190 cycle
2026-06-25 $100,180 cycle
2026-06-24 $100,170 cycle
2026-06-23 $100,166 cycle
2026-06-22 $100,151 cycle
2026-06-21 $100,135 reconstructed
2026-06-20 $100,119 backfill
2026-06-19 $100,108 backfill
2026-06-18 $100,097 backfill
2026-06-17 $100,086 backfill
2026-06-16 $100,076 backfill
2026-06-15 $100,065 backfill
2026-06-14 $100,054 backfill
2026-06-13 $100,043 backfill
2026-06-12 $100,032 backfill
2026-06-11 $100,022 backfill
2026-06-10 $100,011 backfill
2026-06-09 $100,216 warmup
2026-06-08 $100,205 warmup
2026-06-07 $100,194 warmup
2026-06-06 $100,184 warmup
2026-06-05 $100,173 warmup
2026-06-04 $100,162 warmup
2026-06-03 $100,151 warmup
2026-06-02 $100,140 warmup
2026-06-01 $100,130 warmup
2026-05-31 $100,119 warmup
2026-05-30 $100,108 warmup
2026-05-29 $100,097 warmup
2026-05-28 $100,086 warmup
2026-05-27 $100,076 warmup
2026-05-26 $100,065 warmup
2026-05-25 $100,054 warmup
2026-05-24 $100,043 warmup
2026-05-23 $100,032 warmup
2026-05-22 $100,022 warmup
2026-05-21 $100,011 warmup
cycle · evidenced · counts reconstructed · flagged backfill/warmup · not counted

Proof of Reserves

source: static fallback

Every dollar accounted for, cryptographically verifiable

The NAV is recomputed from its parts (deployed + cash + accrued) and reconciled against the reported equity. This is a paper proof-of-reserves: the verifiable methodology on the virtual $100k book, not real custody.

loading…

Deployed

Cash

Accrued

NAV (= equity)

Reconciliation delta

Positions

Last verified

Verification hash (NAV)

verifiable · tamper-evident

components:

NAV = Σ(per-protocol positions) + cash + accrued yield. components_hash = sha256 of the canonical JSON of the sorted positions; nav_hash binds the NAV to its components and timestamp. Anyone can recompute the published NAV from its components via nav_proof.verify_proof().

Go-live progress

GoLiveChecker criteria
/ 29

deterministic criteria (ADR-002) — all must pass before go-live

Evidenced track days
10 / 30 days

Evidence anchor 2026-06-22 · go-live target 2026-07-21

How we count honesty

Evidenced days, not raw bars. Each bar in the equity file is tagged with a source (warmup / backfill / reconstructed / cycle) and evidenced flag. Only cycle bars — those with a real daily-cycle log behind them — count. The earlier bars were a flat-rate backfill; we don't count them, though we still show them for transparency.

Reconstructed-day note. If the autonomous cycle missed a day (e.g. during a host restart), the gap is recorded by gap_monitor and the hole is filled with a reconstructed bar — which is flagged, not passed off as live. 30-day continuity is itself a separate go-live criterion.

Paper, variable, not a forecast. All figures reflect simulated trading on a virtual $100,000 USDC portfolio. The simulation does not account for live slippage, liquidity impact, or smart-contract execution risk. Past paper performance guarantees nothing.

Verify this track yourself

The track is not just a chart — it is a verifiable artifact. The evidenced equity series itself is committed to a single-genesis hash chain (equity_track.jsonl); the decisions behind it are committed to their own chain (decision_log, head-checkpoint anchors), and each day's NAV reconciles (see Proof of Reserves above). Don't trust us — check us: one zero-dependency verifier (it does not import our code) re-derives every hash of both chains and reports the exact broken_at if a single byte of history — an evidenced equity value, a reordered or back-dated day — was altered. No backfill claims: only days with a real cycle log enter the equity chain.

Command

python3 verify_spa.py data/

Verifier: scripts/verify_spa.py (how to verify + in-browser demo, pinned verifier-v1.0) · equity chain: data/rates_desk/equity_track.jsonl · recipe: docs/PROOF_CHAIN_SPEC.md · checkable case: docs/DD_PACK.md

Go deeper

⚠ 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.