Comet

Collapsed after graduation. Recovery Mode confirmed, sleeve unwound, allocation finalized.

Vault: 0xb5d2…5d54
Creator: 0x8f0b…e239
Policy: Balanced · 35% floor
Trigger: −90% · 6h · TWAP 2h

Net reserve assets22.81ETH22.81 liquid · 0.00 invested

Committed fees21.55ETH85% of 25.35 received

Drawdown from peak−93.4%threshold 1.453e-5 · TWAP 9.618e-6

Recovery rate33.6%22.81 ETH across 8 wallets

Oracle

Validated peak vs. sustained drawdown.

spot 9.854e-6 · liq 29.6 ETH
2026-08-20 06:29 UTC

TWAPSpotValidated peakRecovery threshold

Recovery timeline

One recovery event per vault.

Graduated
2026-08-05 15:29 UTC
Peak tracking
2026-08-05 19:29 UTC · peak 1.453e-4 at 2026-08-19 13:29 UTC
Breach started
2026-08-19 22:29 UTC
Recovery confirmed
2026-08-20 04:29 UTC
Sleeve unwound
2026-08-20 07:19 UTC
Allocation finalized
2026-08-20 07:24 UTC

Eligibility cutoff 2026-08-19 22:29 UTC. Purchases after this point carry no entitlement.

Simulator

Drive the engine.

Every button appends validated events through the same API an indexer or keeper would use. Time advances from the last event, not the wall clock.

Market

Traders

Strategy sleeve

Settlement

Claims

Check an allocation.

Settlement

Allocation committed.

Export allocation JSON

Snapshot price (TWAP): 9.216e-6 ETH
Available reserve: 22.810 ETH
Total eligible losses: 67.944 ETH
Recovery rate: 33.57%
Surplus: 0.000 ETH

root 0x80ee0d8e7ca1b1c693315cff9742097b8bdc0a1d597ad2198ac7df842cf61ee1

Sleeve unwound for 14.383 ETH with 0.288 ETH of disclosed settlement costs. Paid out so far: 0.000 ETH.

Ledger

Net losses, not balances.

Eligible net loss = covered cost − covered proceeds − covered tokens × snapshot TWAP − prior recovery. Flags mark wallets a reviewer should inspect before finalization.

Wallet	Covered cost	Covered proceeds	Covered tokens	Remaining value	Eligible net loss	Payout	Review flags
0x112d…edbf+27,509 uncovered	105.929	85.435	155,472	1.433	19.061	6.399 ETH	post-cutoff buy
0x3870…342d	76.825	61.458	175,253	1.615	13.752	4.617 ETH
0x9bd9…34bd	102.199	89.265	19,960	0.184	12.750	4.280 ETH
0x90ac…6ad2	74.285	62.232	6,778	0.062	11.991	4.025 ETH
0x2fbe…790b	106.596	101.860	16,014	0.148	4.588	1.540 ETH	transfer out
0xbda9…45be+36,107 uncovered	84.983	81.546	65,397	0.603	2.834	0.952 ETH	post-cutoff buy
0xec1f…3eaa+16,689 uncovered	1.954	0.000	37,974	0.350	1.604	0.538 ETH	post-cutoff buy
0x4de8…f3cc	80.659	78.607	74,570	0.687	1.365	0.458 ETH
0x7281…3e02	130.938	138.472	545	0.005	0	—
0x5f09…2183+21,300 uncovered	106.451	115.146	48,281	0.445	0	—	post-cutoff buy
0xbe3b…d1b9	103.799	111.224	12,362	0.114	0	—
0xf3d9…4daa	97.088	99.461	15,220	0.140	0	—
0x8ef3…6600	94.460	94.693	2,026	0.019	0	—
0x78dd…b801	68.131	74.523	15,402	0.142	0	—
0xf56c…9c4e	52.401	54.662	17,538	0.162	0	—
0x8f0b…e239excluded	15.372	5.927	250,000	2.304	0	—
0x7d00…441a	0.518	0.000	58,886	0.543	0	—
0x3135…d1dc+40,000 uncovered	0.000	0.000	0	0.000	0	—	transfer in
0xda71…8f3f+5,905 uncovered	0.000	0.000	0	0.000	0	—	post-cutoff buy

Event log

Everything above is derived from this.

1823 events · raw JSON ↗

Allocation finalized · Merkle root committed
2026-08-20 07:24 UTC · settle · 0x71322412…
Sleeve unwound · realized 14.383, costs 0.288 ETH
2026-08-20 07:19 UTC · unwind · 0xef1dee0d…
Creator fee received · 0.0027 ETH
2026-08-20 06:40 UTC · fee · 0xcb9ab34b…
Buy 27,509 tokens for 0.2715 ETH · 0x112d…edbf · pool
2026-08-20 06:40 UTC · trade · 0x9a5d7eb5…
Creator fee received · 5.56e-4 ETH
2026-08-20 05:44 UTC · fee · 0x6158f08c…
Buy 5,905 tokens for 0.0556 ETH · 0xda71…8f3f · pool
2026-08-20 05:44 UTC · trade · 0x58e7afa9…
Creator fee received · 0.0130 ETH
2026-08-20 04:48 UTC · fee · 0x1c2e2cde…
Sell 145,971 tokens for 1.2997 ETH · 0x9bd9…34bd · pool
2026-08-20 04:48 UTC · trade · 0x8bdca1a4…
Creator fee received · 0.0013 ETH
2026-08-20 04:43 UTC · fee · 0x5f9acb41…
Sell 14,490 tokens for 0.1293 ETH · 0xf3d9…4daa · pool
2026-08-20 04:43 UTC · trade · 0xaba34739…
Strategy mark · sleeve valued at 15.603 ETH
2026-08-20 04:09 UTC · strategy_mark · 0xdda6a362…
Creator fee received · 0.0034 ETH
2026-08-20 04:05 UTC · fee · 0xcec30a79…
Buy 36,107 tokens for 0.3435 ETH · 0xbda9…45be · pool
2026-08-20 04:05 UTC · trade · 0x9d2f5f2f…
Creator fee received · 0.0015 ETH
2026-08-20 02:43 UTC · fee · 0x55651603…
Buy 16,689 tokens for 0.1453 ETH · 0xec1f…3eaa · pool
2026-08-20 02:43 UTC · trade · 0x522c6e66…
Creator fee received · 0.0108 ETH
2026-08-20 01:53 UTC · fee · 0xc19e595c…
Sell 134,867 tokens for 1.0805 ETH · 0x90ac…6ad2 · pool
2026-08-20 01:53 UTC · trade · 0x679f667f…
Creator fee received · 0.0043 ETH
2026-08-20 01:45 UTC · fee · 0x184265ac…
Sell 53,686 tokens for 0.4313 ETH · 0xf3d9…4daa · pool
2026-08-20 01:45 UTC · trade · 0x94980165…
Creator fee received · 0.0080 ETH
2026-08-20 00:39 UTC · fee · 0xcdb75bdb…
Sell 85,010 tokens for 0.8002 ETH · 0x2fbe…790b · pool
2026-08-20 00:39 UTC · trade · 0x93fddfc3…
Creator fee received · 0.0018 ETH
2026-08-19 23:49 UTC · fee · 0x994ba26e…
Sell 18,209 tokens for 0.1755 ETH · 0x8ef3…6600 · pool
2026-08-19 23:49 UTC · trade · 0xa3894009…
Creator fee received · 0.0078 ETH
2026-08-19 22:52 UTC · fee · 0x3c6ecea0…
Sell 79,357 tokens for 0.7773 ETH · 0x112d…edbf · pool
2026-08-19 22:52 UTC · trade · 0x74b1e2f3…
Creator fee received · 0.0021 ETH
2026-08-19 22:38 UTC · fee · 0x4d6c211e…
Buy 21,300 tokens for 0.2092 ETH · 0x5f09…2183 · pool
2026-08-19 22:38 UTC · trade · 0x83756d9a…
Creator fee received · 0.0052 ETH
2026-08-19 22:08 UTC · fee · 0x9038189e…
Buy 58,886 tokens for 0.5183 ETH · 0x7d00…441a · pool
2026-08-19 22:08 UTC · trade · 0xd5e4a972…
Creator fee received · 0.0195 ETH
2026-08-19 20:54 UTC · fee · 0xb720eab4…