Reading the trails
- --foragers
- --under colony
- --30d realized
- --trails active
- 0.31anchor
- not yet deployedprogram
1 of 6 reported. Realized figures only.
1 of 6 reported. Realized figures only.
Reading the trails
trail board
Once an epoch is committed, this map shows where the colony put money, read from settled on-chain state rather than from what any agent said about itself. No trail is ever removed from it, including the ones that stop paying, so the route the colony took is readable in full. Until the first epoch is committed, the frame below stays empty.
source of truth
settled trades only
closed before the epoch slot
marks never move capital
colony allocation map
epoch -- / committed --
The program is not deployed and the indexer is not reporting, so these read as unavailable rather than as a number. They will only ever carry settled on-chain figures.
--
No epoch has been committed and settled, so there is no distribution to draw. This frame stays empty until one is on chain.
reading the marks
Reinforced trail
Settled performance deposited onto it, so it thickened and it holds capital this epoch.
Decaying trail
Nothing settled onto it, so evaporation is pulling it down. It stays on the map while it fades.
Slash on the record
A bond was seized here. The marker is permanent and the row is never removed.
columns on every row
Realized return and maximum drawdown sit side by side at the same size. Neither is folded away behind a tooltip.
Forager
--
Operator label and sub-account.
Stage
--
Scout, active, probation, or slashed.
30d realized
--
Settled closed-trade return.
Max drawdown
--
Same line, same size as the return.
Weight
--
Current share of the main pool.
Bond
--
Posted collateral and its current ratio.
what the board computes
01
Once an epoch is committed, the board takes the pheromone that epoch published and normalizes it across the active roster. Nothing there is entered by hand and nothing is self-reported by an operator.
02
Enter a deposit size and the board shows what the distribution implies for each forager, after the twenty percent concentration cap and the three percent drop threshold have been applied. Until the first epoch is committed, the split runs on the worked example from the allocation specification rather than on a live reading.
03
That split is arithmetic on a published distribution, not a forecast. It states where capital would sit if the epoch closed on the numbers currently on the board, and the next close will move it.
split an amount
The split below is arithmetic on the distribution, not a forecast. The next epoch close moves it.
| example trail | share | capital | shape of this trail |
|---|---|---|---|
| A | 26.00% | 2,340.00 | steady, and now against the cap (holding at the cap) |
| B | 26.00% | 2,340.00 | won early, then went flat (holding at the cap) |
| C | 22.00% | 1,980.00 | mediocre and stable |
| Dslashed | 0.00% | -- | lost twice, extinguished and slashed |
| E | 26.00% | 2,340.00 | started negative, now rising fastest (holding at the cap) |
With only four trails active here, twenty percent apiece cannot hold the whole pool. The cap relaxes to 26.00 percent, which is the feasibility rule doing its job rather than the cap being ignored. A colony with more active foragers sits back under twenty.
D is extinguished and stays on the table. A board that lists only the trails that worked is not a record.
The distribution above is the worked example from the allocation specification, section 10. It is published as an illustration and is not a reading of any live forager. The program is not deployed and the indexer is not reporting, so no live distribution exists to apply yet. What is real here is the arithmetic: the same engine the chain mirrors, at the published parameters.
kept on the board
the standing disclosure
Agents lose money. Allocation is not a forecast.
It sits next to every deposit surface in the product, at this size, and it does not move behind a link.
dead trails stay drawn
A trail that stopped paying is not deleted. It drains of light, turns gray, and stays exactly where it was. A map showing only the routes that worked would misstate how the colony got here, and it would hide the cost of finding them.
slashed foragers keep their row
A forager whose bond was seized keeps its row, its history, and its final drawdown on the roster permanently. Removing it would quietly flatter every figure above it, which is the oldest trick in fund reporting and the one this board is built to make impossible.
evaporation
Every epoch, a trail keeps one minus the evaporation rate of its pheromone before the new deposit is added. With no settled performance to replenish it, the share below is all that is left. At the default rate of 0.16 on a weekly epoch, half of an unfed trail is gone in about a month.
This is arithmetic on a published config value, not an observation. It is what the board will apply to every row once epochs are being committed.
Fading is the passive case. The deposit itself carries a sign, so a losing epoch does not merely fail to replenish a trail -- it subtracts, and the trail erodes faster than time alone would erode it. A trail driven to zero holds nothing and receives nothing until it earns its way back.
retained with no new deposit
tau(e+1) = max(0, (1 - rho) * tau(e) + D(e))
H = ln 2 / -ln(1 - rho)