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synthesis conviction \u00b7 own_conviction_VOICE_CONF \u00b7 convention 1 + 2 \u00d7 composite \u00b7 band 1\u20133\u00d7. Sealed book; live pre-repair rows remain borrowed_confidence_pre_VOICE_CONF.","confidence_source_law":"VOICE-CONF vintage: this sealed Voice book already sizes on composite_confidence \u2014 the Voice's OWN synthesis conviction \u2014 under the a-priori map 1 + 2 \u00d7 composite (Voice band 1\u20133\u00d7). That is not the live pre-repair forecast-row confidence, which wore borrowed_confidence_pre_VOICE_CONF (outlook-derived). The general stale-universe line above does not discharge this tether. Each receipt names confidence_source.","tune_parity":{"evidence_tune_id":"voice_live_ladder_v1","live_tune_id":"voice_live_ladder_v1","evidence_tune_content_digest":"1842fa4103b9d314a8bd3bb2a50b979b04af0234eaa3c148e8abd7b3d2fed01f","live_tune_content_digest":"1842fa4103b9d314a8bd3bb2a50b979b04af0234eaa3c148e8abd7b3d2fed01f","content_digest_state":"equal","state":"match","citable_as_current_capability":true,"detail":"evidence tune voice_live_ladder_v1 equals live tune voice_live_ladder_v1 (id and content digest)","law":"evidence grades the tune it was minted on; a live card on another tune is graded by no sealed book until re-minted","content_digest_law":"tune_content_digest = sha256 over the tune file's canonical JSON (sort_keys, compact separators, default=str) with any embedded `tune_digest` key excluded \u2014 the same convention as shared_trade_constructor.validate_tune's `tune_digest` and the `call_source.tune_digest` sealed books carry"},"seal_integrity":{"seal_state":"sealed","seal_eligible":true,"seal_eligibility_state":"eligible_full_feed","state":"sealed_and_eligible","ceremony":"voice_conf_vc7_book_seal_ceremony_2026_10_30","admitted_via":"seal_eligible","decline_disclosure":null},"horizon_mix":{"state":"published","by_horizon":{"1d":{"state":"measured","total_r":97.2973,"share_of_positive_total":0.2273,"row_count":511},"3d":{"state":"measured","total_r":72.7977,"share_of_positive_total":0.1701,"row_count":511},"7d":{"state":"measured","total_r":83.609,"share_of_positive_total":0.1954,"row_count":511},"30d":{"state":"measured","total_r":174.2829,"share_of_positive_total":0.4072,"row_count":511}},"dominant_horizon":"30d","positive_total_r":427.9869,"caption":"sealed edge concentrates at 30d (+174.3R of +428.0R); 1d +97.3R, 3d +72.8R, 7d +83.6R"},"defense_grid":{"study_id":"ds_defense_conditioned_sibling_books_v4","family_id":"confirmatory_watch_stand_aside_7d","state":"stale_study_vintage_pending_rerun","rule_text":"At WATCH, stand aside from new trades; resume only after seven quiet days.","ds3_grade":"0 proven \u2014 measurement underpowered, not absent","gated_row_count":null,"false_alarm_count":null,"full_tape_effect_r":null,"effect_line":"Defense Grid conditioning is temporarily not shown for this card: the sealed DS-2 study (2026-08-27) was measured on the previous book vintage, and this card's 2026-08-31 depth repair (book re-sealed 2026-09-02) added rows the study never graded (2044 of 2044 rows are newer than the study). Mixing vintages is never shown; the study re-runs on the new vintage as a registered follow-on.","era_strata":[],"activation_windows":[],"stale_study_disclosure":{"owner":"BOSS \u2014 PIMP-5 HI-3 window","dated":"2026-08-31","unblock_path":"re-run the DS-2 wave-1 sibling replay + admission-mask mint against the current published book vintage (minted 2026-09-02; engine head stamped on the card), then re-export","study_measured_on":"2026-08-22 leg-10 book vintage (superseded)"},"holdout_note":"The 2024+ holdout remains sealed unread and is not conditioned in this view.","co_primary_disclosure":"The separately sealed ALERT / flatten / three-quiet-day co-primary family is unaffected by this staleness state."},"settle_rule":{"rule_id":"settle_at_horizon_end_v1","sized_at":"entry_from_realized_equity","recognized_at":"settlement","settle_basis":"horizon_end","exit_time_in_export":false,"text":"Each trade is sized at entry from realized equity (risk fraction split across the horizons trading at once, times the declared leverage, times the trade's sealed net R) and its result is recognized when the trade settles. The sealed public rows carry no exit bar, so a trade settles at its horizon end \u2014 the latest it could have, never earlier than the truth. Nothing compounds before it settles.","supersedes":"cutoff_order_compounding_pre_2026_10_05","repaired_on":"2026-10-05"},"full_system_history":{"ruling":"DEC-SB-SIZING-3 (operator ruling, 2026-10-25)","default_fee_basis":"lab_40bps","fee_bases":[{"id":"lab_40bps","role":"headline","round_trip":0.004,"funding":false,"label":"0.40% round trip \u00b7 headline (measurement-lab convention)"},{"id":"venue_10bps_funding","role":"beside","round_trip":0.001,"funding":true,"label":"0.10% round trip + perpetual funding \u00b7 venue (Kraken tier-1 taker)"},{"id":"fee_free","role":"beside","round_trip":0.0,"funding":false,"label":"Fee-free"},{"id":"sealed_20bps","role":"previous","round_trip":0.002,"funding":false,"label":"0.20% round trip \u00b7 the sealed books' own fee (console default before 25 Oct 2026)"}],"horizon_books":4,"headline_text":"Headline convention (operator ruling, 25 Oct 2026): one account per card, $100,000 by default ($10,000 is the X scoreboard's convention, $1,000,000 also selectable). In the all-horizons view each trade risks the risk setting (2% by default) shared across the card's horizon books (2% / 4, or 2% / 5 for True Edge), times its confidence-scaled leverage in the card's band (True Edge 2-10x, the others 1-3x; band floor when no confidence), which multiplies R. Fees default to 0.40% round trip. Both directions, compounding, drawdown on closed trades.","disclosures":["Two surfaces, two named conventions. The X board funds every posted call at 2% of current equity (a forward record with modest overlap). This 13-year weekly backtest opens every horizon at each weekly cutoff, so it shares one 2% budget across the card's horizon books; funding each call at the full 2% would stack them, and that stacked line is shown only as the labelled stress line.","The red stress line funds every call at the full risk setting with all horizons open at once (the stacked convention). It is an upper bound on pain, shown only as a labelled line, never the headline.","Fees: the headline charges 0.40% round trip (our measurement-lab convention). The venue column charges 0.10% round trip, Kraken Derivatives tier-1 taker 0.05% per side (schedule updated 2026-10-08), applied to every year as a stated convention, plus perpetual funding. Fee-free shows neither.","Funding is modeled both ways: when the rate is positive, longs pay and shorts receive, on the open size at each 8-hour settlement. Rates are Binance BTCUSDT daily means standing in for Kraken's (an estimate, not tick-exact), held from 10 Sep 2019. Before that no funding is charged, and each row says why.","Eras are labels on one continuous curve, never exclusions: every sealed trade is sized in every era.","The sealed rows carry no exit time, so each trade settles at its horizon end, the latest it could have settled. This moves ordering and overlap, never a trade's R.","These sealed call records were minted before later engine changes, so they grade the engines that produced them, not today's. A fresh re-replay is owed.","A ruined account (equity crossing zero) shows the date it crossed; any later balance is arithmetic, not a survivable outcome.","Every control recomputes in your browser from the sealed rows: fee basis, starting capital, risk, execution stress, horizon, side, years, mode and Defense Grid. The per-horizon cells table is the sealed book's own statistics at its 0.20% fee and does not move with the fee basis.","VOICE-CONF vintage: this sealed Voice book already sizes on composite_confidence \u2014 the Voice's OWN synthesis conviction \u2014 under the a-priori map 1 + 2 \u00d7 composite (Voice band 1\u20133\u00d7). That is not the live pre-repair forecast-row confidence, which wore borrowed_confidence_pre_VOICE_CONF (outlook-derived). The general stale-universe line above does not discharge this tether. Each receipt names confidence_source."],"eras":[{"label":"Before perpetual futures (to May 2016)","from":null,"to":"2016-05-13"},{"label":"Perpetuals listed, no funding series held (May 2016 \u2013 Sep 2019)","from":"2016-05-13","to":"2019-09-10"},{"label":"Funding modeled (Sep 2019 on)","from":"2019-09-10","to":null}],"reference_at_defaults":{"settings":{"start_capital":100000.0,"risk_pct":2.0,"horizon":"all","side":"all","execution_stress":"none","mode":"full","defense_grid":"off"},"columns":{"lab_40bps:shared":{"start":100000.0,"balance":809832.28,"net_pct":709.8323,"max_drawdown_pct":-47.5385,"cagr_pct":17.0644,"settled_trades":2044,"risk_pct_per_trade":0.5,"ruined_at":null,"eras":[{"era":"Before perpetual futures (to May 2016)","return_pct":6.277,"settled_trades":468},{"era":"Perpetuals listed, no funding series held (May 2016 \u2013 Sep 2019)","return_pct":211.3509,"settled_trades":509},{"era":"Funding modeled (Sep 2019 on)","return_pct":144.7403,"settled_trades":1067}]},"venue_10bps_funding:shared":{"start":100000.0,"balance":3243925.05,"net_pct":3143.925,"max_drawdown_pct":-34.9259,"cagr_pct":29.9634,"settled_trades":2044,"risk_pct_per_trade":0.5,"ruined_at":null,"eras":[{"era":"Before perpetual futures (to May 2016)","return_pct":51.1118,"settled_trades":468},{"era":"Perpetuals listed, no funding series held (May 2016 \u2013 Sep 2019)","return_pct":358.4443,"settled_trades":509},{"era":"Funding modeled (Sep 2019 on)","return_pct":368.2586,"settled_trades":1067}]},"fee_free:shared":{"start":100000.0,"balance":7066297.48,"net_pct":6966.2975,"max_drawdown_pct":-31.2275,"cagr_pct":37.8129,"settled_trades":2044,"risk_pct_per_trade":0.5,"ruined_at":null,"eras":[{"era":"Before perpetual futures (to May 2016)","return_pct":69.861,"settled_trades":468},{"era":"Perpetuals listed, no funding series held (May 2016 \u2013 Sep 2019)","return_pct":421.3451,"settled_trades":509},{"era":"Funding modeled (Sep 2019 on)","return_pct":697.9452,"settled_trades":1067}]},"lab_40bps:every_call":{"start":100000.0,"balance":131683.4,"net_pct":31.6834,"max_drawdown_pct":-97.5372,"cagr_pct":2.0948,"settled_trades":2044,"risk_pct_per_trade":2.0,"ruined_at":null,"eras":[{"era":"Before perpetual futures (to May 2016)","return_pct":-68.9388,"settled_trades":468},{"era":"Perpetuals listed, no funding series held (May 2016 \u2013 Sep 2019)","return_pct":539.9075,"settled_trades":509},{"era":"Funding modeled (Sep 2019 on)","return_pct":-33.7486,"settled_trades":1067}]},"venue_10bps_funding:every_call":{"start":100000.0,"balance":44009972.69,"net_pct":43909.9727,"max_drawdown_pct":-92.1885,"cagr_pct":58.1703,"settled_trades":2044,"risk_pct_per_trade":2.0,"ruined_at":null,"eras":[{"era":"Before perpetual futures (to May 2016)","return_pct":31.9536,"settled_trades":468},{"era":"Perpetuals listed, no funding series held (May 2016 \u2013 Sep 2019)","return_pct":2929.1988,"settled_trades":509},{"era":"Funding modeled (Sep 2019 on)","return_pct":1001.037,"settled_trades":1067}]},"fee_free:every_call":{"start":100000.0,"balance":942105964.22,"net_pct":942005.9642,"max_drawdown_pct":-87.7584,"cagr_pct":99.2271,"settled_trades":2044,"risk_pct_per_trade":2.0,"ruined_at":null,"eras":[{"era":"Before perpetual futures (to May 2016)","return_pct":112.2769,"settled_trades":468},{"era":"Perpetuals listed, no funding series held (May 2016 \u2013 Sep 2019)","return_pct":4949.0304,"settled_trades":509},{"era":"Funding modeled (Sep 2019 on)","return_pct":8690.004,"settled_trades":1067}]}},"sealed_20bps:shared":{"start":null,"balance":2396515.36,"max_drawdown_pct":-37.5,"cagr_pct":27.0}},"row_labels":[{"label":"no perpetual market existed: funding not applicable","rows":472},{"label":"perpetual market existed, no funding series held: funding not modeled","rows":508},{"label":"funding charged pessimistically (the 1h walk differs from the sealed exit)","rows":5},{"label":"funding modeled on the trade's own walked 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