Protective ruling card prot-547a4850632dd0d4244a3ca239c27df5

Protective ruling card

Card: prot-547a4850632dd0d4244a3ca239c27df5
At: 2026-09-27 15:06 UTC
Decision id: —
Ruling id: 547a4850632dd0d4244a3ca239c27df55783441beb1748f48913ca7d0d7fe52a
Outcome: —
Raw JSON: prot-547a4850632dd0d4244a3ca239c27df5.json

What the risk kernel ruled

It can only shrink, refuse or close.

Ruling: 547a4850632dd0d4244a3ca239c27df55783441beb1748f48913ca7d0d7fe52a
At: 2026-09-27 15:06 UTC
Answers: protective: venue_integrity
Breaker: active → active
Guards applied: G1_venue_integrity, G2_weekend_freeze, G5_daily_kill, G10_breaker

instrument	held	asked	approved	set by
BTCUSDT	+4.96%	hold	0 (flat)	G1_venue_integrity

Book-level guards

guard	status	ceiling	reason
G5 daily kill	passed	—	day return within the -1.5% kill basis and inputs Envelope simulation uses a -1.5% daily kill (envelope_clean.py) { "day_open_equity": "49999.97612376", "day_return": -0.0002863481515383438, "equity": "49985.65872302", "kill_at": -0.015 }
G10 breaker	passed	—	breaker active; snapshot and quote fresh basis and inputs 2.5% is past the worst no-edge 72h drawdown (-2.48%, envelope_clean.json); losing-streak and staleness rules ported from ARGUS risk/circuit.py (MIT); a model outage never leads to a deterministic trade (DESIGN.md §9.5) { "book_demands": "active", "book_trips": "", "breaker_state": "active", "breaker_trips": "", "consecutive_losses": 0.0, "drawdown": -0.0003644728893276236, "effective": "active", "llm_outage": false }

BTCUSDT: every guard

guard	status	ceiling	reason
G1 venue integrity	fired	exit	exit: Demo last 84328.6 is 8.3 bps from live 84398.8, beyond the measured p99 of 8.3 bps basis and inputs Demo flash prints (BTCUSDT Demo mark 65.6% from its index, 2026-06-29 00:00 UTC); excursion counts and p99 gaps in demo_integrity.json and fade_demo.json; weekend Demo index moves 0.1-1.5 bps/h vs 18-66 bps/h on weekdays (weekend_vol.json) { "demo_index": "84419.4553599200304622", "demo_index_move_bps_3h": 32.21225178904885, "demo_last": "84328.6", "demo_live_gap_bps": 8.317653805504344, "demo_live_p99_bps": 8.3, "demo_mark": "84374.6", "live_last": "84398.8", "mark_index_gap": 0.0005313391294552999, "mark_index_limit": 0.03, "session_open": true, "stale_index_min_move_bps_3h": 2.0 }
G2 weekend freeze	not applicable	—	crypto trades through the weekend on Demo basis and inputs UTA Demo does not track these perps on weekends. Mostly it freezes: weekend mean \|1H move\| of the Demo index 0.1-1.5 bps against 5.6-29.1 bps live (weekend_vol.json); MSTR +204 bps live vs +5 bps Demo from Saturday 00:00 to 12:00 UTC on 2026-09-19. Sometimes it jumps on its own: AAPL +80 bps Demo vs +17 bps live on 2026-09-12 (fade_demo2.txt) { "asset_class": "crypto" }
G5 daily kill	passed	—	day return within the -1.5% kill basis and inputs Envelope simulation uses a -1.5% daily kill (envelope_clean.py) { "day_open_equity": "49999.97612376", "day_return": -0.0002863481515383438, "equity": "49985.65872302", "kill_at": -0.015 }
G10 breaker	passed	—	breaker active; snapshot and quote fresh basis and inputs 2.5% is past the worst no-edge 72h drawdown (-2.48%, envelope_clean.json); losing-streak and staleness rules ported from ARGUS risk/circuit.py (MIT); a model outage never leads to a deterministic trade (DESIGN.md §9.5) { "book_demands": "active", "book_trips": "", "breaker_state": "active", "breaker_trips": "", "consecutive_losses": 0.0, "drawdown": -0.0003644728893276236, "effective": "active", "llm_outage": false, "quote_age_seconds": 17.470625, "snapshot_age_seconds": 235.424123 }

What was sent and what came back

SELL 0.0294 BTCUSDTfilledprotective_exit

clientOid: sad5a9b03a2b969f2d0ee0c557e87053
Venue orderId: 1488120811372302336
Stop: —
Net P&L realised: -13.26 USDT

Dry-run preview (what Agent Hub would send)

order --action place --category USDT-FUTURES --symbol BTCUSDT --side sell --orderType market --qty 0.0294 --clientOid sad5a9b03a2b969f2d0ee0c557e87053 --posSide long --paper-trading --dry-run

{
 "category": "USDT-FUTURES",
 "clientOid": "sad5a9b03a2b969f2d0ee0c557e87053",
 "orderType": "market",
 "posSide": "long",
 "qty": "0.0294",
 "side": "sell",
 "symbol": "BTCUSDT"
}

exec id	side	qty	price	fee	open/close	at
1488120811379470336	sell	0.0294	84410.2	1.48899592	—	2026-09-27 15:06 UTC

Proof

Read from ledger rows 1275, 1276, 1277, 1278, 1279, 1280, 1281, 1282, 1283, 1284 of ledger.jsonl; every blob those rows commit to is below, named by its SHA-256.

blob	media type	bytes
bbefb6712c6aa94d90034d0c9e8a2fa920643b6c08aba24262f0805654eb60df	application/vnd.t2sa.ruling-context+json	16889
7208fc2304b4f2351696717e333c5f2ba3c5ea9f99fb1d72c4064f37c08942d4	application/json	728
6ec4b0a2834455a586776bb9318d9f1c7598bedc42660d860f4442304ea8abc5	application/json	511
e853450b7922404bf95876e77df231ab3a30faa8c847fe3460392cbb9e82e2d5	application/json	911