Verifiable scenario
The outcome should be as visible as the thesis.
A deterministic -8% simulated reopening gap is broadcast to Fuji, where two market policies settle the exact same scenario differently.
Standard policy
Static 20x continues across the close.
Guarded policy
Over-cap positions are cut to 5x before close.
Recorded truth
Transactions and vault accounting are exposed below.
Verifiable evidence
Recorded Benchmark Run (Frozen Fuji On-Chain Instance)
Executed at 2026-10-12 18:45:33.689 UTC · Chain ID 43113
Architecture & Scope Disclosure: The on-chain Fuji broadcast utilizes 3 distinct trader wallets (T1 20x Long, T2 10x Long, T3 10x Short hedge) derived from the deployer keypair. The local Foundry test suite (
WeekendGapScenario.t.sol) exercises 5 reference traders plus rejected trader T6 across boundary conditions.Live Vault Solvency Accounting (badDebtTotal())
Verified On-Chain Scenario Transactions (34 Transactions · Clean Atomic Run)
Phase 1: Session Open & Multi-Trader Positions
Clock warp to Friday OPEN (T-2h)0x6a08dc8e…e5f1aa05
Set Initial Price 4,150.00 USD (Standard)0x0aa189bd…9e58174d
Set Initial Price 4,150.00 USD (Guarded)0xd5f6006f…47c3f575
Fund T1 AVAX gas buffer (0.05 AVAX)0x9973354e…a33106e0
Fund T2 AVAX gas buffer (0.05 AVAX)0x22d3ab49…eddea1ea
Fund T3 AVAX gas buffer (0.05 AVAX)0xfef8e918…0a2eca72
Mint 50,000 USDx to Trader 10x0405e50c…1a05df65
Mint 50,000 USDx to Trader 20x34ea9a71…924ce765
Mint 50,000 USDx to Trader 30x918a2027…6a535967
T1 Approve USDx on PerpMarketStandard0xefb0b577…02d880d6
T1 Approve USDx on PerpMarketGuarded0xe46ab9a7…a7438480
T1 Open 20x Long (10,000 margin -> 200,000 notional) on Standard0x75f10c65…db802623
T1 Open 20x Long (10,000 margin -> 200,000 notional) on Guarded0xf8a4503d…3446069a
T2 Approve USDx on PerpMarketStandard0x765bc3ba…8e07150a
T2 Approve USDx on PerpMarketGuarded0x8199671f…5572d08b
T2 Open 10x Long (8,000 margin -> 80,000 notional) on Standard0xf05f23c8…9023f7b1
T2 Open 10x Long (8,000 margin -> 80,000 notional) on Guarded0x298dad53…ee2696bf
T3 Approve USDx on PerpMarketStandard0x72243482…d6145676
T3 Approve USDx on PerpMarketGuarded0x72cc076f…aa6b04a0
T3 Open 10x Short (6,000 margin -> 60,000 notional) on Standard0xcbb366d1…dc923f53
T3 Open 10x Short (6,000 margin -> 60,000 notional) on Guarded0xaac54beb…44988eb7
Phase 3: Pre-Close Window & Keeper Deleveraging (T-7.5m)
Clock warp to Friday PRE_CLOSE (T-7.5m)0x1510241b…37cf29f3
Keepers refresh market price 4,150.00 USD (Standard)0x3b374bf9…9bd94dc1
Keepers refresh market price 4,150.00 USD (Guarded)0x1c360493…54e5b1c4
Keeper deleverages Guarded T1 (20x -> 5x cap at $4,150.00)0x13285579…e157cf6f
Keeper deleverages Guarded T2 (10x -> 5x cap at $4,150.00)0x44d79144…30cfab6b
Keeper deleverages Guarded T3 (10x -> 5x cap at $4,150.00)0x291e6408…2f908660
Phase 4: Weekend Closed Phase & Price Checkpointing
Clock warp to Saturday CLOSED phase0x2355c63d…b61f451d
Checkpoint official close price 4,150.00 USD (Standard)0x9776f183…6c72e338
Checkpoint official close price 4,150.00 USD (Guarded)0xb1da3cd4…c952887d
Phase 5: Monday Reopen & -8.00% Gap Shock
Clock warp to Monday Reopen (14:35 UTC)0x638d9799…b5264a51
Queue -8.00% gap shock (4,150 -> 3,818 USD) on Standard0x8cb58890…4543c92f
Queue -8.00% gap shock (4,150 -> 3,818 USD) on Guarded0x0f0d4638…7afd4733
Phase 6: Liquidations & Shortfall Accounting
Liquidate Standard underwater 20x position (T1)0x234883ed…890c5284
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