Every method below returns a number anyone with an RPC endpoint can recompute. Where a figure is modelled rather than measured, it is labelled as such in the dashboard and in every report.
| Position type | Source of truth | Strength | What it means |
|---|---|---|---|
| Vaults | Share price at historical blocks | Exact | Measures what a dollar became, net of fees, losses and any auto-compounding. |
| Lending | The protocol's own liquidity index | Exact | Index growth between two blocks is the realised rate, net of everything. |
| Fixed-rate credit | Discount implied by the oracle | Exact at entry | Recomputed from the discount and reconciled against the quoted rate before purchase. |
| Liquidity | Fee income against loss-versus-rebalancing | Modelled | Fees are observed; the volatility cost is computed from the realised price path. |
| Composition | The pool's live balances | Exact | Determines what a position holds rather than what it is named after. |
| Peg | Market price against NAV | Exact | Yield-bearing tokens are meant to trade above par; testing them against a dollar invents a depeg. |
A verification process is only credible if the rejections are real. We publish the patterns rather than the venues: the method is ours to describe, the scorecard is not. In a typical screening cycle most candidates fail on one of these.
| Pattern | The tell | Outcome |
|---|---|---|
| The one-day print | A spot rate annualised from a pool smaller than the position | Thirty-day mean typically lands near a tenth of the headline |
| The real rate you cannot leave | Published rate reconciles, but redeemable liquidity is a rounding error | Declined regardless of the rate: an exit is part of the position |
| The reconciliation gap | Venue figure and realised share price disagree by more than half a point | Review ends; the share price is the return |
| Fee income that loses to volatility | Turnover falls short of what the pool's volatility demands | Declined: concentration scales both fee income and the loss |
| The expiring campaign | A young venue whose thirty-day rate runs well ahead of its ninety-day | Sized as a trial, budgeted at the lower figure |
Note the second row. A published rate being wrong is common and cheap to catch. A published rate being right while the position cannot be exited is the one that costs money, and it only shows up if you go looking for redeemable liquidity.