Messy Fund Update

Fund / Signal update · 5 September 2026 · vnext-2026-07-24

Weekly workflow proof for Messy-managed micro test funds on Base: Guru Lotus books base04, base05, and base06, plus Lagoon books lg-base01 and lg-base02. Screening prepares evidence; the Chair decides; the system records the resolution; only then can execution mutate the book. Macro and narrative below are the postures those sessions used, not a live market refresh at publish time.

Custody / provider

This week's public micro books use two Base custody adapters. base04, base05, and base06 sit on Guru Lotus vaults. Messy's engine runs research, council decisioning, and trade construction; capital on those books sits in Guru's vault contracts. On the Guru books, the trading key can trade but cannot withdraw, a limit enforced by the vault contracts, not our software. lg-base01 and lg-base02 sit on Lagoon vaults for custody and share accounting. Provider-side contract failure is venue risk on either adapter. Keys live in Turnkey; our backend never holds key material.

For the blast-radius map (engine vs custody vs token), see Custody Broke. The Engine Didn’t..

This week at a glance

40 council sessions across 5 micro funds — 27 executed.
Week regime path: Risk-on (R+) all week — Effective macro regime is R+ with fresh coverage and 80% confidence.
Narrative tape (session-frozen): Across 16 active narrative(s), 30d momentum vs TOTAL3ES ranges from Privacy Coins at +67.3pp to Gaming (GameFi) at -26.4pp.
base05 NAV $45.89 (-5.8% 7d, 5 exec / 0 hold).
base06 NAV $31.49 (+5.7% 7d, 5 exec / 0 hold).
WOON led aggregate screens this week — a candidate signal, not an automatic trade.

Across the councils

Fresh-only candidates were added cautiously (small size, watch for aggregate confirmation) rather than as full slate replacements. (base04, base05, base06; 3 funds).

What's new in the app

The public suite is still five micro books: Guru Lotus base04, base05, and base06, plus Lagoon lg-base01 and lg-base02. Closed verification books base01 and base02 stay off this page. The marketing site now lists only the same current books as app.messyvirgo.com/funds. Screens still stop at ideas: council and execution decide size, venue, and fills.

Week regime · what the councils used

Regime path

Risk-on (R+) all week

Mon R+ exec

Tue N exec

Wed N exec

Thu R+ exec

Fri R+ exec

Sat R+ exec

Sampled from lg-base01 sessions across the week

Closing macro brief

Risk-on (R+) · as of 2026-09-05

Effective macro regime is R+ with fresh coverage and 80% confidence.

Narrative momentum

Across 16 active narrative(s), 30d momentum vs TOTAL3ES ranges from Privacy Coins at +67.3pp to Gaming (GameFi) at -26.4pp.

Micro funds · week scan

Fund	NAV	7d	Sessions	Exec
base04	$47.13	+2.8%	7	6	Council
base05	$45.89	-5.8%	7	5	Council
base06	$31.49	+5.7%	8	5	Council
lg-base01	$52.42	-1.6%	9	6	Council
lg-base02	$53.22	-4.8%	9	5	Council

base04

$47.13 NAV

-2.2% 1d +2.8% 7d +7.1% 30d

7 sessions · 6 exec · 0 hold

base05

$45.89 NAV

-2.3% 1d -5.8% 7d -0.9% 30d

7 sessions · 5 exec · 0 hold

base06

$31.49 NAV

+0.6% 1d +5.7% 7d +32.9% 30d

8 sessions · 5 exec · 0 hold

lg-base01

$52.42 NAV

-2.7% 1d -1.6% 7d +9.7% 27d*

9 sessions · 6 exec · 0 hold

lg-base02

$53.22 NAV

-3.5% 1d -4.8% 7d n/a 21d*

9 sessions · 5 exec · 0 hold

base04 — council & book

✅

Closing session · executed reconciled · 5 September 2026

The rebalance executed and reconciled: peezy was added while keycat and tybg were trimmed, funding both the addition and a mandated increase in high beta from about 68.9% to 70% within a posture of roughly cash 12%, base 18%, high beta 70%.

Week strip: Mon exec · Tue exec · Wed exec · Thu exec · Fri exec · Sat exec · 7 sessions

Open Council minutes →

Mon exec ×2

Tue exec

Wed exec

Thu exec

Fri exec

Sat exec

Week net · Cash 13.2% → 12.4% · Base 14.7% → 17.6% · High-beta 72.1% → 70%

Tue exec Drb was increased last session (weth->drb); re-trimming it this session reverses a very recent action without a new adverse signal beyond one-session ATR/24h move, and pays execution friction twice.

Closing session

Cash 13.4% → 12.4% · Base 17.6% · High-beta 68.9% → 70%

Recommendation was projected onto the regime-band convergence step by validation.

Top-1 position (tybg, 19.6% NAV) and top-3 concentration (47.3% NAV) remain elevated against an effective position count of 4.96; still inside the derived 4-10 breadth band but worth monitoring if a new add…
Fresh screening this session produced mostly thin, single-source-only candidates (byte, neiro, nut, bobo, nogs, dogeverse) with degraded aggregate context; treat any addition from this set as fresh-only…
DRB has aggregate rank 6 but was absent from the latest fresh run; if this repeats next session it should be weighed as a coverage concern rather than held on the current single-session sample.

Current book

Cash 12.3% · Base 17.5% · High-beta 70.1%

CASH (USDC) 12.3% BASE (WETH) 17.5% ROOST 16.4% BALD 12.5% PEEZY 12.1% MFER 11.7% TYBG 10.0% KEYCAT 4.9% DRB 2.6%

Top aggregate candidates — 7-day lookback , as of 4 September 2026

#1 BALD Appeared in 4/7 source run(s) with avg rank 2.75, best rank 2, recency score 13.42.

#2 ROOST Appeared in 3/7 source run(s) with avg rank 3.00, best rank 3, recency score 7.69.

#3 TYBG Appeared in 3/7 source run(s) with avg rank 4.67, best rank 1, recency score 5.50.

base05 — council & book

✅

Closing session · executed reconciled · 5 September 2026

The council's rebalance executed and reconciled: una was exited and the proceeds redeployed into boomer, while chad, riz, up, roost, and beni were held, all within an unchanged fund posture of roughly 12% cash, 18% base, and 70% high beta whose post-execution realized weights are not yet available.

Week strip: Mon exec · Tue session · Wed exec · Thu exec · Fri exec · Sat exec · 7 sessions

Open Council minutes →

Mon exec

Tue session

Wed exec

Thu exec ×2

Fri exec

Sat exec

Week net · Cash 24% → 12.3% · Base 17.4% → 17.7% · High-beta 58.6% → 70%

Wed exec Cash reduction of -15.0pp is at the maximum single-session move allowed; further band compliance will require additional sessions.

Closing session

Cash 12.3% · Base 17.7% · High-beta 70%

No bucket movement is recommended because current allocation already satisfies the computed posture.

una's exit proceeds are targeted by two competing redeployment proposals (boomer increase, clawnch new entry); only one can be funded from the single sell leg without exceeding sell-fundable capacity of $31.41.
clawnch carries fresh-rank-3 status with no aggregate screening history — fresh-only evidence, size conservatively if added.
riz shows a supportive +17.3% unrealized gain but a sharp -17.4% 24h move with no fresh-rank coverage; this is a timing caution flagged by macro_tactical_pm, not an exit trigger on its own.

Current book

Cash 12.9% · Base 17.4% · High-beta 69.7%

CASH (USDC) 12.9% BASE (WETH) 17.4% BOOMER 19.6% ROOST 11.0% RIZ 10.7% BENI 9.6% UP 9.6% CHAD 9.1%

Top aggregate candidates — 7-day lookback , as of 5 September 2026

#1 SCL Appeared in 6/7 source run(s) with avg rank 4.50, best rank 1, recency score 25.36.

#2 UNA Appeared in 6/7 source run(s) with avg rank 6.17, best rank 4, recency score 17.47.

#3 OS Appeared in 5/7 source run(s) with avg rank 8.40, best rank 7, recency score 8.53.

base06 — council & book

✅

Closing session · executed reconciled · 5 September 2026

The MFV-BASE06 rebalance executed and reconciled, mutating the fund.

Week strip: Mon exec · Tue exec · Wed exec · Thu target · Fri exec · Sat exec · 8 sessions

Open Council minutes →

Mon exec

Tue exec

Wed exec

Thu target ×3

Fri exec

Sat exec

Week net · Cash 13.2% → 11.7% · Base 16% → 16.4% · High-beta 70.8% → 71.9%

Tue exec Top-3 concentration remains 54.4% of NAV against a derived 4-10 breadth band and effective count of 4.42; this is a standing condition, not new, but continues to warrant breadth-additive action rather than…

Closing session

Cash 11.7% · Base 16.4% · High-beta 71.9%

No bucket movement is recommended because current allocation already satisfies the computed posture.

zro (token 9318) and tibbir (token 9444) are sub-minimum-value dust positions ($0.41/$0.27) with coverage gaps (zro absent from both fresh/agg screens; tibbir absent from fresh) — closing either is…
taot and drv are fresh-only single-source candidates with zero aggregate history; size small if added, consistent with unconfirmed-evidence guidance.
zen 24h move +22.9% and RSI 81.4 reflect one session of overbought/divergent signal (fresh rank 2 vs agg rank 8) — supports a trim rationale but is not itself sufficient grounds for a larger reduction absent…

Current book

Cash 17.4% · Base 16.6% · High-beta 66%

CASH (USDC) 17.4% BASE (WETH) 16.6% NPC 20.1% SPX 14.0% DRV 8.1% ZEN 7.3% WRSETH 6.1% OMI 5.1% WSTETH 4.1% VVV 1.1%

Top aggregate candidates — 7-day lookback , as of 5 September 2026

#1 NPC Appeared in 7/7 source run(s) with avg rank 1.86, best rank 1, recency score 34.14.

#2 SPX Appeared in 7/7 source run(s) with avg rank 4.00, best rank 3, recency score 25.03.

#3 VVV Appeared in 6/7 source run(s) with avg rank 8.50, best rank 6, recency score 9.93.

lg-base01 — council & book

✅

Closing session · executed reconciled · 5 September 2026

The council's rebalance executed and reconciled, actually mutating the fund's holdings.

Week strip: Mon exec · Tue exec · Wed exec · Thu exec · Fri exec · Sat exec · 9 sessions

Open Council minutes →

Mon exec

Tue exec ×2

Wed exec

Thu exec

Fri exec ×3

Sat exec

Week net · Cash 16% → 12% · Base 17.1% → 18% · High-beta 66.9% → 70%

Tue exec Beta position count (4) sits at the floor of the derived 4-10 breadth band; further concentration without breadth-building action recurs as a standing risk each session it persists.

Closing session

Cash 16% → 12% · Base 18% · High-beta 66% → 70%

Recommendation was projected onto the regime-band convergence step by validation.

Deployable capacity is only $2.11 with 2 unfunded new-entry slots; multiple new adds (props, zora, slc) cannot all be funded without a same-sleeve sell that meets minimum trade size.
WOON exit cost is 107bps and liquidity is thin ($407.4k global); any material trim should be sized conservatively against slippage.
PROPS liquidity is very thin ($20.7k global, $6.5k vol24h); adding here at scale risks material slippage despite low quoted round-trip.

Current book

Cash 11.9% · Base 17.8% · High-beta 70.3%

CASH (USDC) 11.9% BASE (WETH) 17.8% OMI 14.3% ZORA 14.2% NPC 11.5% PROPS 11.5% CBBTC 10.8% WOON 5.7% DRB 2.3%

Top aggregate candidates — 7-day lookback , as of 5 September 2026

#1 WOON Appeared in 7/7 source run(s) with avg rank 4.00, best rank 2, recency score 27.00.

#2 FRIEND Appeared in 5/7 source run(s) with avg rank 4.20, best rank 2, recency score 13.12.

#3 SPARK Appeared in 5/7 source run(s) with avg rank 6.40, best rank 4, recency score 12.09.

lg-base02 — council & book

✅

Closing session · executed reconciled · 5 September 2026

The council's rebalance executed and reconciled, rotating spark out of the sleeve to fund a cautious new zora entry while raising high beta toward a ratified 70% target; realized post-execution bucket weights are not yet available, so the achieved posture cannot yet be confirmed against that target.

Week strip: Mon session · Tue exec · Wed exec · Thu exec · Fri exec · Sat exec · 9 sessions

Open Council minutes →

Mon session ×3

Tue exec ×2

Wed exec

Thu exec

Fri exec

Sat exec

Week net · Cash 13.2% → 11.8% · Base 16.2% → 18.2% · High-beta 70.6% → 70%

Tue exec Altt's 135bps exit cost and $360.8k global liquidity mean a full exit versus a partial reduce materially changes realized slippage; size the trim to sell-fundable capacity ($37.49) rather than a full…

Closing session

Cash 14.4% → 11.8% · Base 18.2% · High-beta 67.4% → 70%

Recommendation was projected onto the regime-band convergence step by validation.

Capacity is thin: deployable $1.36, sell-funded $35.75, max 1 new entry — limits this session to a single funded rotation, not a broader reshuffle.
Sleeve has 6 active members; any full exit must land freed weight on a remaining member, a ratified addition, or a required-exit tranche.
NPC concentration (22.6% top-1, 48.7% top-3) was flagged by the risk manager and by two PM seats as exceeding what the sleeve's breadth band supports, but I judged the underlying evidence too strong to trim…

Current book

Cash 12.4% · Base 18.2% · High-beta 69.4%

CASH (USDC) 12.4% BASE (WETH) 18.2% NPC 22.2% JITOSOL 14.7% WOON 13.6% ZORA 12.5% ALTT 3.5% CBBTC 2.9%

Top aggregate candidates — 7-day lookback , as of 5 September 2026

#1 WOON Appeared in 7/7 source run(s) with avg rank 4.71, best rank 3, recency score 23.57.

#2 SPARK Appeared in 5/7 source run(s) with avg rank 6.80, best rank 5, recency score 10.79.

#3 FRIEND Appeared in 4/7 source run(s) with avg rank 3.75, best rank 2, recency score 10.23.

Aggregate signal

✅ Aggregate signal

WOON

Woon

Appeared in 7/7 daily runs across lg-base01 and lg-base02 over the 7-day lookback. Appeared in 7/7 source run(s) with avg rank 4.00, best rank 2, recency score 27.00.

What this teaches the future Fund Agent

Macro gates exposure. Use the session-frozen regime the council actually saw (this week: Risk-on (R+)) — not a later live refresh.

Daily screen ≠ automatic trade. Aggregate leaders inform the slate; they do not bypass Chair decision or execution gates.

Chair decides, system records. Seats analyze and propose; the Chair adjudicates; minutes and execution receipts stay public on each fund’s Council tab.

Inspect the same workflow

All Funds base04 Council base05 Council base06 Council lg-base01 Council lg-base02 Council Macros Narratives

What this teaches the future Fund Agent

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