{"entity": "CIRCLE_RESERVE_FUND", "node": "34539544", "compiled_at": "2026-08-26T17:32:01.149463+00:00", "digest": "sha256:610a208a5821651e6e10642a96f8ba38690fedd9d460f3be55e0d40fba6c24d8", "own_numbers": {"phi_s": 0.095, "kappa": 0.0369, "mass": null, "power": 0.0, "extraction": 6.1678, "memory_mass": null, "X_natural": null, "gravity_mass": null, "mass_type": null}, "vs_whole": {"mass": null, "power": {"value": 0.0, "rank": 14, "of": 34}, "gravity": null, "extraction": {"value": 6.1678, "rank": 34, "of": 34}, "share_of_whole": {"mass": null, "power": 0.0}, "peers_by_power": [{"entity": "BLACKROCK", "power": 0.0}, {"entity": "CANTOR_FITZGERALD", "power": 0.0}, {"entity": "CIRCLE_RESERVE_FUND", "power": 0.0}, {"entity": "DEFI_IS_DEAD", "power": 0.0}, {"entity": "ETHEREUM", "power": 0.0}]}, "relationships": {"in_degree": 3, "out_degree": 0, "by_vector": {"Capital": {"out": 0.0, "in": 1.0}, "Infrastructure": {"out": 0.0, "in": 0.0}, "Information": {"out": 0.0, "in": 0.5}}, "top_inbound": [{"source": "CIRCLE", "conn_type": "information_flow", "vector": "Information"}, {"source": "BNY_MELLON", "conn_type": "ownership", "vector": "Capital"}, {"source": "CIRCLE", "conn_type": "ownership", "vector": "Capital"}], "top_outbound": [], "gravity_pairs": []}, "role_participations": [{"product_id": "USDXX", "role": "counterparty", "counterparty": "CIRCLE", "disclosure_level": "ATTESTED-PRIMARY", "source_url": "https://www.circle.com/en/transparency"}, {"product_id": "USDXX", "role": "manager", "counterparty": "BLACKROCK", "disclosure_level": "ATTESTED-PRIMARY", "source_url": "https://www.circle.com/en/transparency"}, {"product_id": "USDXX", "role": "custodian", "counterparty": "BNY_MELLON", "disclosure_level": "ATTESTED-PRIMARY", "source_url": "https://www.circle.com/en/transparency"}, {"product_id": "USDXX", "role": "counterparty", "counterparty": "TREASURY_MARKET", "disclosure_level": "ATTESTED-PRIMARY", "source_url": "https://www.circle.com/en/transparency"}], "monetary_position": {"position": 0.447, "well": "fiat"}, "drift": {"level": "steady", "headline": null, "cycles": 78, "delta_last_cycle": {"phi_s": 0.0, "kappa": 0.0, "power": 0.0, "extraction": 0.0, "boundary_score": 0.0}}, "network_plugs": {"freshness": "stale", "inbound": [], "outbound": [{"network": "helixhash", "status": "live"}, {"network": "rfc3161", "status": "live"}, {"network": "github_pages", "status": "live"}, {"network": "vercel", "status": "live"}, {"network": "eas_base", "status": "gated"}], "observation": {"source": null, "last_observed_at": null, "last_delta_i": null, "stale": true}}, "locate": {"entity": "CIRCLE_RESERVE_FUND", "routing": "index_locate_classify", "n": 2, "bindable_n": 2, "domains": [{"locate_role": "manager", "product_id": "USDXX", "sigma_key": "sigma_gravitation", "party_id": "sevadar:01_nanak_sulakhni", "classify_action": "vault_persistence", "bindable": true, "host_gated": false, "settlement_paper": false, "disclosure_level": "ATTESTED-PRIMARY", "source_url": "https://www.circle.com/en/transparency", "cite": {"kind": "map_role", "id": "CIRCLE_RESERVE_FUND:USDXX:manager", "cite_class": "citeable", "package_hash": "77468e658660acd49c590248c86689bb53c5b1b0084de6888be1b41551dc5c9a", "package": {"kind": "map_role", "id": "CIRCLE_RESERVE_FUND:USDXX:manager", "entity": "CIRCLE_RESERVE_FUND", "product_id": "USDXX", "locate_role": "manager", "disclosure_level": "ATTESTED-PRIMARY", "source_url": "https://www.circle.com/en/transparency", "party_id": "sevadar:01_nanak_sulakhni", "classify_action": "vault_persistence", "sigma_key": "sigma_gravitation", "bindable": true, "host_gated": false, "settlement_paper": false, "routing": "index_locate_classify", "settlement_v2": "HOLD", "not_a_ledger_claim": true}}}, {"locate_role": "custodian", "product_id": "USDXX", "sigma_key": "sigma_adhesion", "party_id": "sevadar:02_angad_khivi", "classify_action": "formalize_counterparty", "bindable": true, "host_gated": false, "settlement_paper": false, "disclosure_level": "ATTESTED-PRIMARY", "source_url": "https://www.circle.com/en/transparency", "cite": {"kind": "map_role", "id": "CIRCLE_RESERVE_FUND:USDXX:custodian", "cite_class": "citeable", "package_hash": "c111deb6f44e25f5d0cccf2dd9d7ab16cef77e56c34b4ec9ba5426af8da3c9e5", "package": {"kind": "map_role", "id": "CIRCLE_RESERVE_FUND:USDXX:custodian", "entity": "CIRCLE_RESERVE_FUND", "product_id": "USDXX", "locate_role": "custodian", "disclosure_level": "ATTESTED-PRIMARY", "source_url": "https://www.circle.com/en/transparency", "party_id": "sevadar:02_angad_khivi", "classify_action": "formalize_counterparty", "sigma_key": "sigma_adhesion", "bindable": true, "host_gated": false, "settlement_paper": false, "routing": "index_locate_classify", "settlement_v2": "HOLD", "not_a_ledger_claim": true}}}], "note": "PRIMARY map role \u2192 sevadar:paper_id + Task 4.3 action. Empty domains means no bindable chair. \u03c3\u2089 host_gated. Generic counterparty is an edge label, not a surge. domains[].cite.package_hash is the map-role cite (Stripe 1.1); not a new ledger claim."}, "last_observation": {"available": false, "entity": "CIRCLE_RESERVE_FUND", "confidence": "CONFIRMED", "m1_strict": true, "not_claim_attested": true, "not_a_ledger_claim": true, "cite_class": "citeable", "surge_domain": "progression", "sigma_key": "sigma_progression", "party_id": "sevadar:05_arjan_ganga", "classify_action": "observe", "bindable": true, "bound": false, "settlement_v2": "HOLD", "not_g_external": true, "auto_dual_ack": false, "reason": "No CONFIRMED m1_strict coverage_ledger row for this entity."}, "measurement_join": {"available": true, "entity": "CIRCLE_RESERVE_FUND", "as_child": {"child": "CIRCLE_RESERVE_FUND", "parent": "CIRCLE", "relation": "fund_of", "join_rule": "issuer_instrument_v1", "evidence": "topology_membership_manifest.parent_entity; NETWORK_TOPOLOGY_PROXIMITY_RINGS CIRCLE\u2192CIRCLE_RESERVE_FUND"}, "as_parent": [], "n_as_parent": 0, "delta_i": 0, "not_a_ledger_claim": true, "cite_class": "citeable", "join_rule": "issuer_instrument_v1", "settlement_v2": "HOLD", "not_g_external": true, "auto_dual_ack": false, "sot": "data/measurement_links.json", "reason": "Measurement join SoT: child heat dual-stamps parent observation trail with delta_i=0. Not claim ATTESTED. Not deployed_on spider."}, "field_state": {"schema_version": "geniusflow.entity_state_snapshot.v1", "entity_id": "CIRCLE_RESERVE_FUND", "observed_at": null, "compiled_at": "2026-08-26T17:32:01.149463+00:00", "organism_version": "unhashed_specimen", "topology_version": "topology_epoch:2026-08-14_host_admit_paypal_paxos_pyusd:members=177", "identity_contract": "geniusflow.observer_identity.v1", "identity_contract_effective_from": "2026-08-25T15:00:00Z", "observer_node_id": "34539544", "producer_node_id": "34539544", "observation_origin": "field_state.compose", "observer_identity_status": "OBSERVED", "state": {"claims": [], "measurements": {"usdc_circulating": {"value": null, "unit": "usd", "family": "usdc_circulating", "not_families": ["protocol_tvl", "engine_CIRCLE_tvl_fold"], "status": "UNKNOWN", "source": "defillama_stablecoins", "observation_id": "none", "comparability": false, "defaults_used": "none", "refuse_code": "pipe_fixed_not_yet_persisted", "note": "Phase 2 repaired the circulating keep. This snapshot does not insert a live figure."}}, "support": {"value": null, "unit": "unknown", "family": "published_claim_support", "not_families": [], "status": "UNKNOWN", "source": "claim_ledger", "observation_id": "none", "comparability": false, "defaults_used": "none", "note": "Ring 1 claims[] remain the honest expected source"}}, "position": {"value": {"power_components": {"capital": 2.0, "infrastructure": 0.0, "information": 1.0, "thread_product": 0.0, "balance": 0.894}, "monetary_position": {"position": 0.447, "well": "fiat"}}, "unit": "unknown", "family": "structural_position", "not_families": ["neighborhood"], "status": "DERIVED", "source": "own_numbers.power_components|monetary_position", "observation_id": "none", "comparability": false, "defaults_used": "none"}, "direction": {"value": null, "unit": "unknown", "family": "field_direction", "not_families": ["price_trend", "investment_advice"], "status": "UNKNOWN", "source": "EntityFieldState.field_direction", "observation_id": "none", "comparability": false, "defaults_used": "none", "refuse_code": "direction_not_on_public_card", "note": "giving/taking is composed only when EntityFieldState is already present"}, "neighborhood": {"value": [{"name": "CIRCLE", "direction": "inbound", "conn_type": "information_flow", "vector": "Information", "resolve_status": "REFUSED", "stub_class": "UNKNOWN_ENTITY"}, {"name": "BNY_MELLON", "direction": "inbound", "conn_type": "ownership", "vector": "Capital", "resolve_status": "REFUSED", "stub_class": "UNKNOWN_ENTITY"}, {"name": "CIRCLE", "direction": "inbound", "conn_type": "ownership", "vector": "Capital", "resolve_status": "REFUSED", "stub_class": "UNKNOWN_ENTITY"}], "unit": "unknown", "family": "typed_topology_hops", "not_families": ["structural_position"], "status": "DERIVED", "source": "dossier.relationships", "observation_id": "none", "comparability": false, "defaults_used": "none", "note": "edges are not added or removed in this compose"}, "age": {"value": {"compiled_at": "2026-08-26T17:32:01.149463+00:00", "last_observation": null, "drift_cycles": 78}, "unit": "unknown", "family": "observation_age", "not_families": [], "status": "DERIVED", "source": "compiled_at|last_observation|drift.cycles", "observation_id": "none", "comparability": false, "defaults_used": "none"}, "change": {"value": null, "unit": "unknown", "family": "typed_transition", "not_families": [], "status": "UNKNOWN", "source": "none", "observation_id": "none", "comparability": false, "defaults_used": "none", "refuse_code": "no_prior_comparable_snapshot", "note": "empty change is honest before Phase 4 history", "transition_kind": "INCOMPARABLE"}, "claims": [], "measurements": {"usdc_circulating": {"value": null, "unit": "usd", "family": "usdc_circulating", "not_families": ["protocol_tvl", "engine_CIRCLE_tvl_fold"], "status": "UNKNOWN", "source": "defillama_stablecoins", "observation_id": "none", "comparability": false, "defaults_used": "none", "refuse_code": "pipe_fixed_not_yet_persisted", "note": "Phase 2 repaired the circulating keep. This snapshot does not insert a live figure."}, "sec_filing_occupancy": {"value": null, "unit": "unknown", "family": "sec_filing_occupancy", "not_families": [], "status": "WITHHELD", "source": "last_observation_public_slice", "observation_id": "none", "comparability": false, "defaults_used": "none", "refuse_code": "magnitudes_withheld_by_design"}, "reserve_mix": {"value": null, "unit": "unknown", "family": "reserve_mix", "not_families": [], "status": "WITHHELD", "source": "none", "observation_id": "none", "comparability": false, "defaults_used": "none", "refuse_code": "NOT_SUPPORTED", "note": "issuer HTML is not a structured reserve object"}}, "relationships": [{"name": "CIRCLE", "direction": "inbound", "conn_type": "information_flow", "vector": "Information", "resolve_status": "REFUSED", "stub_class": "UNKNOWN_ENTITY"}, {"name": "BNY_MELLON", "direction": "inbound", "conn_type": "ownership", "vector": "Capital", "resolve_status": "REFUSED", "stub_class": "UNKNOWN_ENTITY"}, {"name": "CIRCLE", "direction": "inbound", "conn_type": "ownership", "vector": "Capital", "resolve_status": "REFUSED", "stub_class": "UNKNOWN_ENTITY"}], "metric_outputs": {"phi_s": {"value": 0.095, "unit": "dimensionless_index", "family": "capital_flow_pressure", "not_families": ["measured_settlement_pain", "shannon_bits", "world_causal_lead"], "status": "DERIVED", "source": "own_numbers.phi_s", "observation_id": "none", "comparability": false, "defaults_used": "none", "algorithm_id": "phi_s.cf_pressure.v1", "note": "comparable only under the same kappa store, key, and default"}, "kappa": {"value": 0.0369, "unit": "dimensionless_index", "family": "entity_physics_kappa", "not_families": ["host_kappa_blend", "gamma_labeled_as_kappa"], "status": "DERIVED", "source": "own_numbers.kappa", "observation_id": "none", "comparability": false, "defaults_used": "none", "algorithm_id": "kappa.entity_physics.v1"}, "last_delta_i": {"value": null, "unit": "unknown", "family": "bootstrap_signal_return_scalar", "not_families": ["shannon_delta_i", "receipt", "eff", "path", "prov", "pred", "E"], "status": "WITHHELD", "source": "entity_states.last_delta_i", "observation_id": "none", "comparability": false, "defaults_used": "none", "algorithm_id": "last_delta_i.signal_return_bootstrap.v1", "refuse_code": "unqualified_bootstrap_scalar"}}, "support": {"schema_id": "geniusflow.state_identity.v0", "note": "provenance metadata from existing status system; no new confidence equation"}, "projections": {"readability": {"schema": "geniusflow.readability_projection.v0", "embedded_in_field_state": false, "editorial": false, "phi_s_label": {"generator": "engine.dispatch.content_adapter._phi_s_label", "status": "DERIVED", "value": "low pressure"}, "kappa_living_zone": {"generator": "engine.node.equation_constants.KAPPA_LIVING_ZONE", "status": "PRIOR", "value": null, "note": "governance band reference; not an entity measurement"}}, "knowledge_gap_map": {"schema": "geniusflow.knowledge_gap_map.v0", "embedded_in_field_state": false}, "information_economics": {"embedded_in_field_state": false, "note": "references only; not a blob"}}, "identity_by_path": {"own_numbers.phi_s": {"schema_id": "geniusflow.state_identity.v0", "entity_id": "CIRCLE_RESERVE_FUND", "value_path": "own_numbers.phi_s", "display_glyph": "\u03a6_S", "magnitude": 0.095, "kind": "derived", "family": "capital_flow_pressure", "not_families": ["measured_settlement_pain", "shannon_bits", "world_causal_lead"], "generator": {"module": "engine.bridge.field_state", "function": "compose_field_state_from_card", "algorithm_id": "phi_s.cf_pressure.v1", "algorithm_version": "frozen_v1"}, "withheld": false, "withhold_reason": null, "comparable_under": ["phi_s.cf_pressure.v1"], "epistemic_status": "DERIVED"}, "own_numbers.kappa": {"schema_id": "geniusflow.state_identity.v0", "entity_id": "CIRCLE_RESERVE_FUND", "value_path": "own_numbers.kappa", "display_glyph": "\u03ba", "magnitude": 0.0369, "kind": "derived", "family": "entity_physics_kappa", "not_families": ["host_kappa_blend", "gamma_labeled_as_kappa"], "generator": {"module": "engine.bridge.field_state", "function": "compose_field_state_from_card", "algorithm_id": "kappa.entity_physics.v1", "algorithm_version": "frozen_v1"}, "withheld": false, "withhold_reason": null, "comparable_under": ["kappa.entity_physics.v1"], "epistemic_status": "DERIVED"}, "network_plugs.observation.last_delta_i": {"schema_id": "geniusflow.state_identity.v0", "entity_id": "CIRCLE_RESERVE_FUND", "value_path": "network_plugs.observation.last_delta_i", "display_glyph": "last_delta_i", "magnitude": null, "kind": "withheld", "family": "bootstrap_signal_return_scalar", "not_families": ["shannon_delta_i", "receipt", "eff", "path", "prov", "pred", "E"], "generator": {"module": "engine.bridge.field_state", "function": "compose_field_state_from_card", "algorithm_id": "last_delta_i.signal_return_bootstrap.v1", "algorithm_version": "frozen_v1"}, "withheld": true, "withhold_reason": "unqualified_bootstrap_scalar", "comparable_under": ["last_delta_i.signal_return_bootstrap.v1"], "epistemic_status": "WITHHELD"}}, "snapshot_id": "sha256:1e804a29b327892aa9f6f4eff58a398060c9f5d8b99dce23b98180ec0a1211ca"}, "epistemic_summary": {"schema": "geniusflow.epistemic_summary.v0", "projection": true, "embedded_in_field_state": false, "feeds_qpo": false, "claims": {"n": 0, "evidence_backed": 0, "attested": 0}, "slots_by_class": {"KNOWN_CURRENT": 3, "KNOWN_STALE": 0, "KNOWN_MISSING": 2, "KNOWN_INCOMPARABLE": 1, "BROKEN_PIPE": 1, "NOT_WIRED": 1, "NOT_SUPPORTED": 1, "WITHHELD": 2, "RELATIONSHIP_GAP": 3, "UNKNOWN": 0}, "aliases": {"supported": 3, "unsupported": 1, "unknown": 2, "withheld": 2, "broken_pipe": 1, "not_wired": 1, "stale": 0, "incomparable": 1, "relationship_gap": 3}, "note": "aliases map existing gap-map classes for machines. They are not a new taxonomy. Gap map is not embedded in Field State."}, "projection_version": "geniusflow.public_entity_projection.v1", "source_schema": "geniusflow.entity_state_snapshot.v1", "source_snapshot_id": "sha256:1e804a29b327892aa9f6f4eff58a398060c9f5d8b99dce23b98180ec0a1211ca", "projection_compiled_at": "2026-08-26T17:32:01.155762+00:00", "freshness": {"source_observed_at": null, "projection_compiled_at": "2026-08-26T17:32:01.155762+00:00", "age_seconds": null, "status": "UNKNOWN"}, "public_entity_projection": {"projection_version": "geniusflow.public_entity_projection.v1", "source_schema": "geniusflow.entity_state_snapshot.v1", "source_snapshot_id": "sha256:1e804a29b327892aa9f6f4eff58a398060c9f5d8b99dce23b98180ec0a1211ca", "compiled_at": "2026-08-26T17:32:01.155762+00:00", "freshness": {"source_observed_at": null, "projection_compiled_at": "2026-08-26T17:32:01.155762+00:00", "age_seconds": null, "status": "UNKNOWN"}, "projection": true, "entity": "CIRCLE_RESERVE_FUND", "node": "34539544", "claims": [], "state": {"observed_at": null, "snapshot_role": "PROSPECTIVE_SNAPSHOT", "identity_contract": "geniusflow.observer_identity.v1", "t0_labeled": false}, "field": {"position": {"status": "DERIVED", "value": {"power_components": {"capital": 2.0, "infrastructure": 0.0, "information": 1.0, "thread_product": 0.0, "balance": 0.894}, "monetary_position": {"position": 0.447, "well": "fiat"}}, "reason": null, "family": "structural_position", "source": "own_numbers.power_components|monetary_position", "note": null}, "direction": {"status": "UNKNOWN", "value": null, "reason": "direction_not_on_public_card", "family": "field_direction", "source": "EntityFieldState.field_direction", "note": "giving/taking is composed only when EntityFieldState is already present"}, "age": {"status": "DERIVED", "value": {"compiled_at": "2026-08-26T17:32:01.149463+00:00", "last_observation": null, "drift_cycles": 78}, "reason": null, "family": "observation_age", "source": "compiled_at|last_observation|drift.cycles", "note": null}, "change": {"status": "INCOMPARABLE", "value": null, "reason": "no_prior_comparable_snapshot", "family": "typed_transition", "source": "none", "note": "empty change is honest before Phase 4 history", "transition_kind": "INCOMPARABLE"}, "neighborhood": {"status": "DERIVED", "n": 3, "family": "typed_topology_hops"}}, "epistemic_summary": {"schema": "geniusflow.epistemic_summary.v0", "projection": true, "embedded_in_field_state": false, "feeds_qpo": false, "supported": 3, "unknown": 2, "withheld": 2, "broken_pipe": 1, "not_wired": 1, "claims": {"n": 0, "evidence_backed": 0, "attested": 0}, "aliases": {"supported": 3, "unsupported": 1, "unknown": 2, "withheld": 2, "broken_pipe": 1, "not_wired": 1, "stale": 0, "incomparable": 1, "relationship_gap": 3}, "slots_by_class": {"KNOWN_CURRENT": 3, "KNOWN_STALE": 0, "KNOWN_MISSING": 2, "KNOWN_INCOMPARABLE": 1, "BROKEN_PIPE": 1, "NOT_WIRED": 1, "NOT_SUPPORTED": 1, "WITHHELD": 2, "RELATIONSHIP_GAP": 3, "UNKNOWN": 0}, "note": "aliases map existing gap-map classes for machines. They are not a new taxonomy. Gap map is not embedded in Field State."}, "relationships": {"in_degree": 3, "out_degree": 0, "by_vector": {"Capital": {"out": 0.0, "in": 1.0}, "Infrastructure": {"out": 0.0, "in": 0.0}, "Information": {"out": 0.0, "in": 0.5}}, "top_inbound": [{"source": "CIRCLE", "conn_type": "information_flow", "vector": "Information"}, {"source": "BNY_MELLON", "conn_type": "ownership", "vector": "Capital"}, {"source": "CIRCLE", "conn_type": "ownership", "vector": "Capital"}], "top_outbound": [], "gravity_pairs": []}, "relationship_state": [{"target": "CIRCLE", "type": "information_flow", "vector": "Information", "direction": "inbound", "origin": "AUTHORED_PRIOR", "resolution": "REFUSED", "stub_class": "UNKNOWN_ENTITY", "support": "UNKNOWN", "support_reason": "support_not_on_hop", "last_tested": null, "usefulness": {"status": "UNKNOWN", "reason": "usefulness_not_on_public_card"}}, {"target": "BNY_MELLON", "type": "ownership", "vector": "Capital", "direction": "inbound", "origin": "AUTHORED_PRIOR", "resolution": "REFUSED", "stub_class": "UNKNOWN_ENTITY", "support": "UNKNOWN", "support_reason": "support_not_on_hop", "last_tested": null, "usefulness": {"status": "UNKNOWN", "reason": "usefulness_not_on_public_card"}}, {"target": "CIRCLE", "type": "ownership", "vector": "Capital", "direction": "inbound", "origin": "AUTHORED_PRIOR", "resolution": "REFUSED", "stub_class": "UNKNOWN_ENTITY", "support": "UNKNOWN", "support_reason": "support_not_on_hop", "last_tested": null, "usefulness": {"status": "UNKNOWN", "reason": "usefulness_not_on_public_card"}}], "knowledge_gaps": {"href": "/api/dossier?entity=CIRCLE_RESERVE_FUND&view=gaps", "summary": {"n": 14, "by_class": {"KNOWN_CURRENT": 3, "KNOWN_STALE": 0, "KNOWN_MISSING": 2, "KNOWN_INCOMPARABLE": 1, "BROKEN_PIPE": 1, "NOT_WIRED": 1, "NOT_SUPPORTED": 1, "WITHHELD": 2, "RELATIONSHIP_GAP": 3, "UNKNOWN": 0}, "by_dimension": {"CLAIM": 1, "CURRENT_MEASUREMENT": 5, "TEMPORAL": 2, "RELATIONSHIP": 3, "CAPITAL": 2, "INFRASTRUCTURE": 0, "PROVENANCE": 1, "IDENTITY": 0}}, "embedded_in_field_state": false}, "consequence_tier": {"status": "NOT_APPLICABLE", "reason": "no_legal_typed_transition", "feeds_qpo": false}, "observation_clock": {"entity": "CIRCLE_RESERVE_FUND", "first_prospective_observation": null, "latest_prospective_observation": null, "n_prospective_snapshots": 2, "identity_comparable_transitions": 0, "world_observed_count": 0, "world_observed_status": "UNAVAILABLE", "world_observed_reason": "world_observed_producer_not_emitted", "status": "OBSERVING", "phase8_role_on_store": "PROSPECTIVE_SNAPSHOT", "never_labeled_t0": true, "note": "GeniusFlow cannot reconstruct a prospective observation after the fact. The clock begins when an observation is made. A stored prospective snapshot is not a labeled experiment origin."}, "change_frontier": {"entity": "CIRCLE_RESERVE_FUND", "schema": "geniusflow.public_change_frontier.v0", "comparable_prior_state": "NONE", "world_observed": "UNAVAILABLE", "neighborhood_change": "UNAVAILABLE", "status": "UNAVAILABLE", "refuse_code": "no_prior_comparable_snapshot", "transition_kind": "INCOMPARABLE", "why": "GeniusFlow does not manufacture historical observations to create a before/after comparison. Waiting for a comparable prospective observation.", "t0_labeled": false}, "provenance": {"identity_contract": "geniusflow.observer_identity.v1", "generators": [{"id": "engine.dispatch.content_adapter._phi_s_label", "status": "DERIVED", "field": "phi_s_label"}], "readability": {"href": null, "status": "LINK", "projection": {"schema": "geniusflow.readability_projection.v0", "embedded_in_field_state": false, "editorial": false, "phi_s_label": {"generator": "engine.dispatch.content_adapter._phi_s_label", "status": "DERIVED", "value": "low pressure"}, "kappa_living_zone": {"generator": "engine.node.equation_constants.KAPPA_LIVING_ZONE", "status": "PRIOR", "value": null, "note": "governance band reference; not an entity measurement"}}}, "information_economics": {"embedded_in_field_state": false, "status": "LINK"}, "receipts_available": false, "never_labeled_t0": true}, "measurements": {"usdc_circulating": {"status": "UNKNOWN", "value": null, "reason": "pipe_fixed_not_yet_persisted", "family": "usdc_circulating", "source": "defillama_stablecoins", "note": "Phase 2 repaired the circulating keep. This snapshot does not insert a live figure."}, "usyc_circulating": {"status": "NOT_WIRED", "value": null, "reason": "not_wired", "note": "No circulating USYC envelope is wired on the public card."}}}, "_return_wire": {"ack_id": "ce8192eea29bc4ed", "wire": "v0", "accepted": true, "endpoint": "/api/dossier", "outcome": "dossier_hit", "entity": "CIRCLE_RESERVE_FUND", "consumer_class": "federation_live", "consumer_id": "ip:c1225db0f502", "http_status": 200, "recorded_at": "2026-09-06T09:36:46.344729+00:00", "delta_i": 0.0, "counts_toward_g_external": false, "capital": "HOLD", "source": "federation_live", "detail": {"has_claims": false, "kind": null, "request_path": "/api/dossier?entity=CIRCLE_RESERVE_FUND"}}}