/alpha-structures
live proof: 33 of 33 passed
resting delta
+ variable hedge
BSC mainnet · real vaults · 2026-09-25 to 2026-09-27

Live route proof

Every route on this page was run live, in its own vault on BSC mainnet, at the three resting deltas above: 1, 0.5 and 0. Each run looped to the target LTV, hedged to the delta, served a 40% redemption and paid the claim. Books were small (about $30 to $150 of slisBNB or BTCB), so some hedges stop one venue lot or one minimum order short of the target; each cell says so.

Routes and resting deltas

AssetRouteAPR at testDelta 1Delta 0.5Delta 0

A run passes when

  • LTV sits inside the band around the target.
  • Measured delta is within 0.1 of the gear, or one venue lot away.
  • The served hedge cut is 0.35 to 0.45 of the hedge, or lot-limited and stated.
  • Margin comes home through the venue's withdrawal and repays debt.
  • LTV never rises more than 300 bps above its pre-service level.
  • The investor receives the claim.

What the live runs forced