Performance · Conservative
Paper stage. Live capital is not open; opening it requires a decision by the project owner and a legal review — not just a day count.
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 112 honest days (anchor 2026-06-22), not 15 padded ones. Every equity point and its source label is public.
static snapshot as of 2026-10-13 · updates live from api.earn-defi.com
We publish 112 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 112 honest days than 15 padded ones. The reset itself is the trust signal.
Evidence anchor
2026-06-22
Evidenced / needed
112 / 30 days
Live capital
not open
Paper / research track on a virtual $100k portfolio. Not investment advice, not a forecast. Per-bar source labels are shown below — you can see which days are real.
Equity
$101,634
virtual $100k base
Max drawdown
−0.04%
since track start
Evidenced days
112 / 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 the evidenced history. Backfill and warmup bars are dimmed — shown for transparency, but not counted.
The chart plots only evidenced and reconstructed bars (from 2026-06-21 onward), so there is no seam. The synthetic warmup and backfill series (before 06-21) are independent, not part of the evidenced track; they remain in the ledger below and the downloadable data, but not on the curve.
Why positions don't move daily
This is not staleness. The daily cycle makes a decision every day —
but most days that decision is a deliberate HOLD: the deterministic
risk rules and the allocator keep positions when the target allocation hasn't moved past its thresholds
(low turnover by design — fewer fees and less slippage on stablecoin yield). Every hold decision is
logged and hash-chained in decision_log, so you can verify the cycle
actually ran and chose to hold — not that it silently stalled.
NAV reconciliation (paper)
source: static fallback
What the NAV is made of — parts reconciled against equity
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 portfolio, not real custody.
Deployed
—
Cash
—
Accrued
—
NAV (= equity)
Reconciliation delta
—
Positions
—
Last verified
—
Verification hash (NAV)
verifiable · tamper-evident—
components: —
Portfolio value = positions in the protocols + cash + accrued yield. Every published value carries a fingerprint of what it is made of and when, so anyone can recompute it and check the figure was not edited.
Technical detail
Status
Paper stage. Live capital is not open; opening it requires a decision by the project owner and a legal review — not just a day count.
Evidence anchor 2026-06-22
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 the gap monitor and the hole is usually filled with a reconstructed bar — which is flagged, not passed off as live; where it is not, the day is shown as missing.
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.
Live watchdog & its honest scorecard
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 NAV reconciliation 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
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Personal research project in paper validation — not investment advice, not a regulated service, not raising capital; results are simulated. Full disclaimer & risk disclosure →