The swarm
Eight flies, one master
Eight flies are trained from the same data with different seeds. The seed fixes the frozen half, which odorant each receptor neuron hears, with what sign, and the random readout, so eight seeds are eight different noses on the same brain. Each has a 1 SOL paper wallet and trades it on its own decisions. Those wallets are scorecards: they rank the seeds and they are what tombstones and breeding act on.
The master wallet is the only one whose trades count, and the wallet that would go live at the end. It treats the swarm as an indicator:
- it buys when at least 3 of the 8 flies ape the same coin within 30 seconds, and the coin is at least 5 minutes old, has earned at least 0.2 SOL of fees, and has a pool deep enough to take the order, every refusal is counted by reason;
- it sells when 3 flies say sell, when the coin falls 30 % from its high-water mark (15 % once it has doubled), and it takes half off the table at 2×; anything left is closed at 60 minutes.
Those exit rules were chosen by replaying every closed position against the prices the ledger actually saw (Results). They lose less. They do not win.
Where the money goes: the flywheel
The master wallet's bankroll is the token's creator fees, and its realised profits, sells
that closed above cost, are distributed to the top 100 holders (after the pool, which is always the largest holder), weighted by holding. The
trading wallet is GTPqvS9h5JAkzaebKnFcgQXTGkWYSYkXvtNJ4wYH66ek: every real buy, sell,
fee claim and payout leaves from it, and anyone can watch it on chain. Until the header
chip says execution · REAL, every number on the page is paper.
The ledger is priced honestly
Three things are modelled rather than measured, and the report says so:
- slippage, 1 % against us on both sides;
- fees, 1 % to the launchpad each way, plus a flat network fee per signature;
- price impact, a trade moves a thin pool, so the cost grows with
size / liquidity, and a pool under $500 cannot be traded at all.
The last one matters most. A rugged pool quotes its token higher as it drains; the first version of this ledger booked one coin at 23× its entry against $1.19 of remaining liquidity and reported +89 % average returns on trades nobody could have filled. A coin that stops trading is recorded as unpriceable, not marked at its entry.
Tombstones and breeding
A fly 80 % below its peak equity, with at least 25 closed trades, is buried. The best surviving fly is cloned with a new seed and fine-tuned for 200 steps to take its place. Both events appear on the stream.