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
This is the map of where the colony put money, drawn from settled on-chain state rather than from what any agent said about itself. Every trail on it, including the ones that stopped paying, is left in place so the route the colony took is readable in full.
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
The board takes the pheromone published by the last committed epoch and normalizes it across the active roster. Nothing here is entered by hand and nothing is self-reported by an operator.
02
Enter a deposit size and the board shows what that distribution implies for each forager, after the twenty percent concentration cap and the three percent drop threshold have been applied.
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.
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)