{
  "running": true,
  "liveness": {
    "state": "RUNNING",
    "intervalMs": 900000,
    "cyclesRun": 20,
    "startedAtIso": "2026-08-06T19:21:44.312Z",
    "lastRunAtIso": "2026-08-07T00:08:36.507Z",
    "lastRunAgoSec": 742,
    "nextExpectedSec": 158,
    "lastRunOk": true,
    "lastError": null
  },
  "aggregate": {
    "sessions": 1749,
    "firstTsMs": 1784486767882,
    "lastTsMs": 1786061316507,
    "positions": {
      "attempted": 62,
      "opened": 61,
      "halted": 0,
      "rejected": 1,
      "openRate": 0.9839,
      "haltRate": 0,
      "rejectRate": 0.0161
    },
    "rejectionsByReason": {
      "not_priceable": 1
    },
    "oracle": {
      "healthyRate": 1,
      "safeForActivationRate": 1,
      "allVerifiedRate": 1
    },
    "reconciliation": {
      "allReconciledRate": 1,
      "sessionsWithDrift": 0
    },
    "lifecycleCompleteRate": 0.9994,
    "exposure": {
      "maxPeakNetExposureRatio": 0,
      "avgPeakNetExposureRatio": 0,
      "maxPeakNetNotionalUsdc": 50000
    },
    "floor": {
      "maxFloorPctUsed": 0.1,
      "avgFloorPctUsed": 0.0633
    },
    "economics": {
      "openedNotionalUsdc": 3050000,
      "totalServiceFeeUsdc": 0,
      "totalCreditAccruedUsdc": 2659.02,
      "totalPayoutToClientUsdc": 0,
      "totalNetToClientUsdc": 0,
      "realizedServiceFeeBps": 0,
      "avgServiceFeePerPositionUsdc": 0
    },
    "capital": {
      "shortOptionImFraction": 0.14,
      "shortOptionGrossNotionalFraction": 1,
      "portfolioMarginNettingFactor": 0.078,
      "costOfCapitalAnnual": 0.12,
      "tenorDays": 1,
      "imFractionOfNotional": 0.01092,
      "capitalCostBps": 0.0359,
      "capitalAwareNetServiceFeeBps": -0.0359,
      "impliedShortOptionMarginUsdc": 33306
    },
    "verdict": "TRACK_RECORD_CLEAN",
    "flags": [],
    "notes": [
      "Realized service fee 0 bps vs target 0 bps (shadow, paper-settled).",
      "Capital-aware: 0 bps − 0.0359 bps capital drag (measured IM 14.0%/notional × 1 gross × PM 0.078 × 12%/yr × 1d) = -0.0359 bps net.",
      "TRACK_RECORD_CLEAN requires: 100% oracle-verified + reconciled, ≥95% lifecycle complete, exposure within band, ≥90% oracle healthy, and enough sessions.",
      "Shadow only — zero capital. This track record gates the decision to flip Tier-1 (still default-off)."
    ]
  },
  "settlement": {
    "settledPositions": 57,
    "totalNotionalUsdc": 2850000,
    "totalPayoutToClientUsdc": -431.88,
    "bookNetPayoutBps": -1.5154,
    "totalServiceFeeUsdc": 0,
    "totalCreditAccruedUsdc": 2484.11,
    "totalNetToClientUsdc": 2052.23,
    "pctFloorBreached": 0,
    "pctCapBreached": 0.0351,
    "avgPayoutPerPositionUsdc": -7.58,
    "worstPayoutUsdc": -325.93,
    "bestPayoutUsdc": 0,
    "avgHeldHours": 24.13,
    "oracleVerifiedRate": 1,
    "totalHedgeReceiptUsdc": -431.88,
    "totalAtticusOptionNetUsdc": 0,
    "bookHedgedNetBps": 0,
    "peakShortLegMarginUsdc": 546,
    "totalCapitalCostUsdc": 10.26,
    "totalOptionFeesUsdc": 441.13,
    "totalAtticusNetAfterCapitalUsdc": -10.26,
    "totalAtticusNetAfterFeesAndCapitalUsdc": -10.26,
    "realizedServiceFeeBps": 0,
    "capitalAwareNetServiceFeeBps": -0.036,
    "netAfterFeesAndCapitalBps": -0.036
  },
  "client": {
    "settledPositions": 57,
    "netPerpPnlUsdc": 773.49,
    "netPerpPnlBps": 2.714,
    "longPerpPnlUsdc": 1157.33,
    "shortPerpPnlUsdc": -383.84,
    "grossPerpPnlUsdc": 29508.97,
    "longCount": 32,
    "shortCount": 25,
    "netFundingUsdc": -99.34,
    "totalCreditUsdc": 2484.11,
    "assumedPerpFeeUsdc": 0,
    "totalAssumedFeesUsdc": 0,
    "creditMinusFeesUsdc": 2484.11,
    "creditCoversFees": true,
    "creditCoverageRatio": 0,
    "totalCollarPayoutUsdc": -431.88,
    "clientAllInNetUsdc": 2726.38,
    "clientAllInNetBps": 9.5662,
    "venues": [
      {
        "venue": "dYdX",
        "positions": 19,
        "perpPnlUsdc": -1089.28,
        "fundingUsdc": -36.16,
        "feesUsdc": 0,
        "netUsdc": -276.64
      },
      {
        "venue": "Bluefin",
        "positions": 21,
        "perpPnlUsdc": -47.99,
        "fundingUsdc": -18.06,
        "feesUsdc": 0,
        "netUsdc": 707.12
      },
      {
        "venue": "Hyperliquid",
        "positions": 17,
        "perpPnlUsdc": 1910.76,
        "fundingUsdc": -45.12,
        "feesUsdc": 0,
        "netUsdc": 2295.9
      }
    ],
    "recentPairs": [
      {
        "long": {
          "ref": "cc-1785960983847-1",
          "side": "long",
          "venue": "Hyperliquid",
          "entryPriceUsd": 64880.56,
          "entryIso": "2026-08-05T20:16:23.825Z",
          "settlePriceUsd": 64433.8,
          "settleIso": "2026-08-06T20:22:16.009Z",
          "heldHours": 24.1,
          "movePct": -0.006886,
          "perpPnlUsdc": -344.29,
          "fundingUsdc": -15.06,
          "collarPayoutUsdc": 0,
          "creditUsdc": 35.79,
          "perpFeeUsdc": 0,
          "clientNetUsdc": -323.56
        },
        "short": {
          "ref": "cc-1785960983849-2",
          "side": "short",
          "venue": "dYdX",
          "entryPriceUsd": 64887.04,
          "entryIso": "2026-08-05T20:16:23.825Z",
          "settlePriceUsd": 64427.36,
          "settleIso": "2026-08-06T20:22:16.009Z",
          "heldHours": 24.1,
          "movePct": -0.007084,
          "perpPnlUsdc": 354.22,
          "fundingUsdc": 12.05,
          "collarPayoutUsdc": 0,
          "creditUsdc": 53.39,
          "perpFeeUsdc": 0,
          "clientNetUsdc": 419.66
        },
        "matched": true,
        "pairNetUsdc": 96.1
      },
      {
        "long": {
          "ref": "cc-1785961276690-1",
          "side": "long",
          "venue": "dYdX",
          "entryPriceUsd": 64974.9,
          "entryIso": "2026-08-05T20:21:16.629Z",
          "settlePriceUsd": 64427.36,
          "settleIso": "2026-08-06T20:22:16.009Z",
          "heldHours": 24.02,
          "movePct": -0.008427,
          "perpPnlUsdc": -421.35,
          "fundingUsdc": -12.01,
          "collarPayoutUsdc": 0,
          "creditUsdc": 34.05,
          "perpFeeUsdc": 0,
          "clientNetUsdc": -399.31
        },
        "short": {
          "ref": "cc-1785961276697-2",
          "side": "short",
          "venue": "Bluefin",
          "entryPriceUsd": 64955.41,
          "entryIso": "2026-08-05T20:21:16.629Z",
          "settlePriceUsd": 64446.69,
          "settleIso": "2026-08-06T20:22:16.009Z",
          "heldHours": 24.02,
          "movePct": -0.007832,
          "perpPnlUsdc": 391.6,
          "fundingUsdc": 18.01,
          "collarPayoutUsdc": 0,
          "creditUsdc": 45.71,
          "perpFeeUsdc": 0,
          "clientNetUsdc": 455.32
        },
        "matched": true,
        "pairNetUsdc": 56.01
      },
      {
        "long": {
          "ref": "cc-1785959570654-1",
          "side": "long",
          "venue": "Bluefin",
          "entryPriceUsd": 64867.77,
          "entryIso": "2026-08-05T19:52:50.626Z",
          "settlePriceUsd": 64489.11,
          "settleIso": "2026-08-06T20:07:10.325Z",
          "heldHours": 24.24,
          "movePct": -0.005838,
          "perpPnlUsdc": -291.88,
          "fundingUsdc": -18.18,
          "collarPayoutUsdc": 0,
          "creditUsdc": 15.06,
          "perpFeeUsdc": 0,
          "clientNetUsdc": -295
        },
        "short": {
          "ref": "cc-1785959570656-2",
          "side": "short",
          "venue": "Hyperliquid",
          "entryPriceUsd": 64880.75,
          "entryIso": "2026-08-05T19:52:50.626Z",
          "settlePriceUsd": 64476.21,
          "settleIso": "2026-08-06T20:07:10.325Z",
          "heldHours": 24.24,
          "movePct": -0.006235,
          "perpPnlUsdc": 311.75,
          "fundingUsdc": 15.15,
          "collarPayoutUsdc": 0,
          "creditUsdc": 53.34,
          "perpFeeUsdc": 0,
          "clientNetUsdc": 380.24
        },
        "matched": true,
        "pairNetUsdc": 85.24
      },
      {
        "long": {
          "ref": "cc-1785910362852-1",
          "side": "long",
          "venue": "dYdX",
          "entryPriceUsd": 64320.49,
          "entryIso": "2026-08-05T06:12:42.833Z",
          "settlePriceUsd": 64682.11,
          "settleIso": "2026-08-06T06:19:29.740Z",
          "heldHours": 24.11,
          "movePct": 0.005622,
          "perpPnlUsdc": 281.11,
          "fundingUsdc": -12.05,
          "collarPayoutUsdc": 0,
          "creditUsdc": 32.2,
          "perpFeeUsdc": 0,
          "clientNetUsdc": 301.26
        },
        "short": {
          "ref": "cc-1785910362854-2",
          "side": "short",
          "venue": "Bluefin",
          "entryPriceUsd": 64301.2,
          "entryIso": "2026-08-05T06:12:42.833Z",
          "settlePriceUsd": 64701.52,
          "settleIso": "2026-08-06T06:19:29.740Z",
          "heldHours": 24.11,
          "movePct": 0.006226,
          "perpPnlUsdc": -311.28,
          "fundingUsdc": 18.08,
          "collarPayoutUsdc": 0,
          "creditUsdc": 30.28,
          "perpFeeUsdc": 0,
          "clientNetUsdc": -262.92
        },
        "matched": true,
        "pairNetUsdc": 38.34
      },
      {
        "long": {
          "ref": "cc-1785907043796-1",
          "side": "long",
          "venue": "Hyperliquid",
          "entryPriceUsd": 64273.58,
          "entryIso": "2026-08-05T05:17:23.777Z",
          "settlePriceUsd": 64918.99,
          "settleIso": "2026-08-06T05:18:57.873Z",
          "heldHours": 24.03,
          "movePct": 0.010042,
          "perpPnlUsdc": 502.08,
          "fundingUsdc": -15.02,
          "collarPayoutUsdc": 0,
          "creditUsdc": 26.08,
          "perpFeeUsdc": 0,
          "clientNetUsdc": 513.14
        },
        "short": {
          "ref": "cc-1785907043799-2",
          "side": "short",
          "venue": "dYdX",
          "entryPriceUsd": 64280,
          "entryIso": "2026-08-05T05:17:23.777Z",
          "settlePriceUsd": 64912.5,
          "settleIso": "2026-08-06T05:18:57.873Z",
          "heldHours": 24.03,
          "movePct": 0.00984,
          "perpPnlUsdc": -491.98,
          "fundingUsdc": 12.02,
          "collarPayoutUsdc": 0,
          "creditUsdc": 31.04,
          "perpFeeUsdc": 0,
          "clientNetUsdc": -448.92
        },
        "matched": true,
        "pairNetUsdc": 64.22
      }
    ]
  },
  "regime": {
    "settledPositions": 57,
    "days": 18,
    "realizedDailyVolPct": 1.29,
    "realizedAnnualVolPct": 24.63,
    "avgAbsMovePct": 0.0104,
    "avgDayNetUsdc": 159.48,
    "bestDayNetUsdc": 1154.29,
    "worstDayNetUsdc": -2110.52,
    "dayNetStdUsdc": 839.36,
    "pctDaysPositive": 0.7222,
    "cumulativeCreditUsdc": 2484.11,
    "cumulativeCollarUsdc": -431.88,
    "cumulativeFeesUsdc": 0,
    "cumulativeNetUsdc": 2870.6,
    "creditClearsBleed": true,
    "gate": {
      "realizedMovePct": 0.976,
      "trailingMovePct": 0.976,
      "liveMovePct": 0.846,
      "signalSource": "trailing",
      "samples": 40,
      "regime": "calm",
      "openMultiplier": 1,
      "floorPctOverride": null,
      "reason": "trailing avg |move| 0.976% < elevated 1.2% — open normally, harvest credit"
    },
    "signal": {
      "days": 10,
      "correctDays": 7,
      "dayHitRate": 0.7,
      "posteriorMean": 0.6667,
      "breakevenUsed": 0.52,
      "pAboveBreakeven": 0.8588,
      "ci95": [
        0.3903,
        0.8907
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    },
    "recentDays": [
      {
        "dayIso": "2026-08-06",
        "positions": 17,
        "avgMovePct": 0.0015,
        "realizedVolPct": 0.67,
        "creditUsdc": 630.38,
        "collarUsdc": 0,
        "feesUsdc": 0,
        "netUsdc": 996.09
      },
      {
        "dayIso": "2026-08-05",
        "positions": 3,
        "avgMovePct": 0.0063,
        "realizedVolPct": 0.32,
        "creditUsdc": 127.62,
        "collarUsdc": 0,
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        "netUsdc": 79.45
      },
      {
        "dayIso": "2026-08-04",
        "positions": 1,
        "avgMovePct": 0.0203,
        "realizedVolPct": 0,
        "creditUsdc": 80,
        "collarUsdc": 0,
        "feesUsdc": 0,
        "netUsdc": -937.1
      },
      {
        "dayIso": "2026-08-03",
        "positions": 2,
        "avgMovePct": -0.0041,
        "realizedVolPct": 0.36,
        "creditUsdc": 34.56,
        "collarUsdc": 0,
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        "netUsdc": 392.95
      },
      {
        "dayIso": "2026-08-02",
        "positions": 2,
        "avgMovePct": 0.0058,
        "realizedVolPct": 0.6,
        "creditUsdc": 49.37,
        "collarUsdc": 0,
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        "netUsdc": 630.73
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      {
        "dayIso": "2026-08-01",
        "positions": 2,
        "avgMovePct": -0.0069,
        "realizedVolPct": 0.46,
        "creditUsdc": 121.77,
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        "netUsdc": 812.9
      },
      {
        "dayIso": "2026-07-31",
        "positions": 2,
        "avgMovePct": -0.0217,
        "realizedVolPct": 0.93,
        "creditUsdc": 58.48,
        "collarUsdc": 0,
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        "netUsdc": -2110.52
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      {
        "dayIso": "2026-07-30",
        "positions": 2,
        "avgMovePct": 0.0069,
        "realizedVolPct": 0.76,
        "creditUsdc": 59.06,
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        "netUsdc": 754.09
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      {
        "dayIso": "2026-07-29",
        "positions": 5,
        "avgMovePct": 0.0116,
        "realizedVolPct": 0.53,
        "creditUsdc": 292.81,
        "collarUsdc": 0,
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        "netUsdc": 331.02
      },
      {
        "dayIso": "2026-07-28",
        "positions": 1,
        "avgMovePct": -0.0292,
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        "collarUsdc": -325.93,
        "feesUsdc": 0,
        "netUsdc": 1154.29
      },
      {
        "dayIso": "2026-07-27",
        "positions": 5,
        "avgMovePct": -0.0063,
        "realizedVolPct": 1.88,
        "creditUsdc": 237.97,
        "collarUsdc": -105.95,
        "feesUsdc": 0,
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      },
      {
        "dayIso": "2026-07-26",
        "positions": 2,
        "avgMovePct": 0.0077,
        "realizedVolPct": 0.18,
        "creditUsdc": 70.06,
        "collarUsdc": 0,
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        "netUsdc": 254.29
      },
      {
        "dayIso": "2026-07-25",
        "positions": 2,
        "avgMovePct": -0.0097,
        "realizedVolPct": 1.05,
        "creditUsdc": 62.69,
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        "netUsdc": -904.32
      },
      {
        "dayIso": "2026-07-24",
        "positions": 2,
        "avgMovePct": -0.0077,
        "realizedVolPct": 0.38,
        "creditUsdc": 162.21,
        "collarUsdc": 0,
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        "netUsdc": 931.28
      }
    ]
  },
  "lifecycle": {
    "basisBps": 8.4664,
    "basisWithinTolerance": true,
    "openPositions": 2,
    "barrierTouchesDetected": 0,
    "vestedCreditSoFarUsdc": 12.32,
    "fullCreditUsdc": 83.97,
    "vestProgressPct": 14.67,
    "collateralAvailableUsdc": 25000,
    "collateralHalted": false,
    "gapToReserveUsdc": 0,
    "gapToClientUsdc": 0,
    "orphansDetected": 0,
    "partnerFeedHealthy": true,
    "lockWatcher": {
      "touchesEvaluated": 0,
      "locksPermitted": 0,
      "locksDeferred": 0,
      "decisions": []
    },
    "flags": []
  },
  "recentSessions": [
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      "tsIso": "2026-08-07T00:08:36.507Z",
      "opened": 0,
      "attempted": 0,
      "halted": 0,
      "rejected": 0,
      "peakExposurePct": 0,
      "serviceFeeUsdc": 0,
      "oracleVerified": true,
      "reconciled": true,
      "lifecycleComplete": true
    },
    {
      "tsIso": "2026-08-06T23:53:30.902Z",
      "opened": 0,
      "attempted": 0,
      "halted": 0,
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      "lifecycleComplete": true
    },
    {
      "tsIso": "2026-08-06T23:38:25.625Z",
      "opened": 0,
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    },
    {
      "tsIso": "2026-08-06T23:23:20.184Z",
      "opened": 0,
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      "lifecycleComplete": true
    },
    {
      "tsIso": "2026-08-06T23:08:14.479Z",
      "opened": 0,
      "attempted": 0,
      "halted": 0,
      "rejected": 0,
      "peakExposurePct": 0,
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      "oracleVerified": true,
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      "lifecycleComplete": true
    },
    {
      "tsIso": "2026-08-06T22:53:08.777Z",
      "opened": 0,
      "attempted": 0,
      "halted": 0,
      "rejected": 0,
      "peakExposurePct": 0,
      "serviceFeeUsdc": 0,
      "oracleVerified": true,
      "reconciled": true,
      "lifecycleComplete": true
    },
    {
      "tsIso": "2026-08-06T22:38:03.093Z",
      "opened": 0,
      "attempted": 0,
      "halted": 0,
      "rejected": 0,
      "peakExposurePct": 0,
      "serviceFeeUsdc": 0,
      "oracleVerified": true,
      "reconciled": true,
      "lifecycleComplete": true
    },
    {
      "tsIso": "2026-08-06T22:22:57.757Z",
      "opened": 0,
      "attempted": 0,
      "halted": 0,
      "rejected": 0,
      "peakExposurePct": 0,
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      "oracleVerified": true,
      "reconciled": true,
      "lifecycleComplete": true
    },
    {
      "tsIso": "2026-08-06T22:07:51.117Z",
      "opened": 0,
      "attempted": 0,
      "halted": 0,
      "rejected": 0,
      "peakExposurePct": 0,
      "serviceFeeUsdc": 0,
      "oracleVerified": true,
      "reconciled": true,
      "lifecycleComplete": true
    },
    {
      "tsIso": "2026-08-06T21:52:45.198Z",
      "opened": 0,
      "attempted": 0,
      "halted": 0,
      "rejected": 0,
      "peakExposurePct": 0,
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      "oracleVerified": true,
      "reconciled": true,
      "lifecycleComplete": true
    },
    {
      "tsIso": "2026-08-06T21:37:39.425Z",
      "opened": 0,
      "attempted": 0,
      "halted": 0,
      "rejected": 0,
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    },
    {
      "tsIso": "2026-08-06T21:22:33.403Z",
      "opened": 0,
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  ],
  "generatedAtIso": "2026-08-07T00:20:58.695Z"
}