Messy Fund Update

Fund / Signal update · 24 October 2026

Weekly workflow proof for Messy-managed micro test funds on Base and Robinhood Chain: Guru Lotus books base04, base05, and base06, plus Lagoon books lg-base00, lg-base01, lg-base02, and safe-lg-rh01, plus paper book paper-meme. 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 Guru Lotus and Lagoon custody adapters, plus one paper book. base04, base05, and base06 sit on Guru Lotus vaults on Base. 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-base00, lg-base01, and lg-base02 sit on Lagoon vaults on Base. safe-lg-rh01 sits on a Lagoon vault on Robinhood Chain. paper-meme is a paper-trading book on Robinhood Chain used for public screening proof; it does not hold live capital in a vault adapter. Provider-side contract failure is venue risk on the live adapters. Keys for live books 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

35 council sessions across 7 micro funds — 22 executed, 11 holds.
Week regime path: Risk-off (R-) → Neutral (N) — Effective macro regime is N with fresh coverage and 80% confidence.
Narrative tape (session-frozen): Across 17 active narrative(s), 30d momentum vs TOTAL3ES ranges from SocialFi at +13.3pp to DeFAI at -27.1pp.
safe-lg-rh01 NAV $33.49 (-5.9% 7d, 4 exec / 1 hold).
base04 NAV $38.22 (-5.2% 7d, 2 exec / 3 hold).
WASSIE led aggregate screens this week — a candidate signal, not an automatic trade.

Across the councils

Several Chairs flagged soft narrative tape — a large share of beta book value sat in narratives with negative 30d momentum vs TOTAL3ES. (base05, lg-base00, lg-base02; 3 funds).
Fresh-only candidates were added cautiously (small size, watch for aggregate confirmation) rather than as full slate replacements. (base06, safe-lg-rh01; 2 funds).

What's new in the app

paper-meme joined the public suite on 22 October as a Robinhood Chain paper book. Its daily screening list is the public Fund OS screen that $SHUFFLE, a meme index on Robinhood Chain, now uses for its token universe. Anyone can inspect the daily candidates on the fund screening page. Screens still stop at ideas: council and execution decide size, venue, and fills on live books. paper-meme screening →

Week regime · what the councils used

Regime path

Risk-off (R-) → Neutral (N)

Mon R- exec

Tue R- exec

Wed R- hold

Thu R- hold

Sat N hold

Sampled from base04 sessions across the week

Closing macro brief

Neutral (N) · as of 2026-10-24

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

Soft narrative tape

Across 17 active narrative(s), 30d momentum vs TOTAL3ES ranges from SocialFi at +13.3pp to DeFAI at -27.1pp.

51.7% of beta book value (attributed by primary narrative) sits in narratives with negative trailing 30d momentum vs TOTAL3ES.

Flagged in base05, lg-base00, lg-base02 Chair notes

Micro funds · week scan

Fund	NAV	7d	Sessions	Exec	Hold
base04	$38.22	-5.2%	5	2	3	Council
base05	$39.89	-1.4%	5	4	1	Council
base06	$31.92	-3.7%	5	1	3	Council
lg-base00	$47.82	-3.5%	5	2	3	Council
lg-base01	$49.17	+0.3%	5	5	0	Council
lg-base02	$42.18	-3.6%	5	4	0	Council
safe-lg-rh01	$33.49	-5.9%	5	4	1	Council
paper-meme	$0	n/a	0	0	0	Council

base04

$38.22 NAV

-0.5% 1d -5.2% 7d -11.9% 30d

5 sessions · 2 exec · 3 hold

base05

$39.89 NAV

-0.4% 1d -1.4% 7d -8.8% 30d

5 sessions · 4 exec · 1 hold

base06

$31.92 NAV

-1.8% 1d -3.7% 7d -6.4% 30d

5 sessions · 1 exec · 3 hold

lg-base00

$47.82 NAV

-2.4% 1d -3.5% 7d -21.9% 30d

5 sessions · 2 exec · 3 hold

lg-base01

$49.17 NAV

-2.0% 1d +0.3% 7d -14.4% 30d

5 sessions · 5 exec · 0 hold

lg-base02

$42.18 NAV

-1.9% 1d -3.6% 7d -21.1% 30d

5 sessions · 4 exec · 0 hold

safe-lg-rh01

$33.49 NAV

-2.2% 1d -5.9% 7d -33.0% 25d*

5 sessions · 4 exec · 1 hold

base04 — council & book

🔒

Closing session · maintain current · 24 October 2026

No trades executed this session: the council's maintain-current target intent failed certification review because holding the book leaves the high-beta bucket outside its regime target band with executable capacity unspent, so the fund was left unchanged and the intent requires rework.

Week strip: Mon exec · Tue exec · Wed hold · Thu hold · Sat hold · 5 sessions

Open Council minutes →

Mon exec

Tue exec

Wed hold

Thu hold

Sat hold

Week net · Cash 34.3% → 39.1% · Base 49.1% → 31.3% · High-beta 16.7% → 29.7%

Wed hold Effective regime is Risk Off (89% confidence headline overlay) while the posture mandates a 15% NAV increase into high beta; deploy into the least volatile, most executable names and accept the timing risk…

Closing session

Cash 46.6% → 39.1% · Base 38.8% → 31.3% · High-beta 14.7% → 29.7%

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

Locked posture requires high beta at 29.7% this session, but no addable candidate survives execution-cost review; the raise may not be executable into beta this round.
Neiro cannot be increased (universe_dropout:not_in_sleeve_screening_universe), so the incumbent thesis cannot be added to even if held.
Breadth band minimum (2 positions) is breached with a single 14.7% position; this is a standing condition to act on when executable candidates appear, not a reason to force a costly entry today.

Current book

Cash 46.5% · Base 38.6% · High-beta 14.9%

CASH (USDC) 46.5% BASE (WETH) 38.6% NEIRO 14.9%

Top aggregate candidates — 7-day lookback , as of 24 October 2026

#1 WASSIE Appeared in 7/7 source run(s) with avg rank 1.00, best rank 1, recency score 38.85.

#2 BASEDHYPE Appeared in 7/7 source run(s) with avg rank 2.00, best rank 2, recency score 34.97.

#3 BABYCLAW Appeared in 7/7 source run(s) with avg rank 3.00, best rank 3, recency score 31.08.

base05 — council & book

✅

Closing session · executed reconciled · 24 October 2026

The rebalance executed and reconciled: five beta positions were increased and wrapped ether and USDC reduced, mutating the fund.

Week strip: Mon exec · Tue exec · Wed hold · Thu exec · Sat exec · 5 sessions

Open Council minutes →

Mon exec

Tue exec

Wed hold

Thu exec

Sat exec

Week net · Cash 30.7% → 22.4% · Base 36.2% → 28.3% · High-beta 33.1% → 49.3%

Wed hold Effective regime Risk Off (news overlay, ~89% confidence) while observed data stay supportive — avoid incremental beta deployment or reshuffle turnover this session

Closing session

Cash 29.3% → 22.4% · Base 36.4% → 28.3% · High-beta 34.3% → 49.3%

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

Effective regime is Neutral with a high-confidence risk-off news overlay (~22 point subtraction); the mandated high-beta raise is policy-consistent but the climate is headline-vulnerable — size new entries…
100% of beta book value sits in narratives with negative trailing 30d momentum vs TOTAL3ES — standing context, not a sell trigger on its own
ani (50) primary pool $22.4k with 89 bps exit cost and $43.78 global 24h volume — any size increase carries poor exit economics; bomi route gap +59 bps

Current book

Cash 22.3% · Base 28.3% · High-beta 49.4%

CASH (USDC) 22.3% BASE (WETH) 28.3% ANI 10.1% R1 10.0% BOMI 9.9% AYB 9.7% TITN 9.7%

Top aggregate candidates — 7-day lookback , as of 24 October 2026

#1 AYB Appeared in 7/7 source run(s) with avg rank 1.00, best rank 1, recency score 38.85.

#2 WAKEAI Appeared in 7/7 source run(s) with avg rank 6.71, best rank 4, recency score 15.58.

#3 ANI Appeared in 6/7 source run(s) with avg rank 2.00, best rank 2, recency score 25.97.

base06 — council & book

⚖️

Closing session · target change · 24 October 2026

No trades executed: the council's target intent failed governance review because the ratified beta slate would hold twelve positions against a policy target of ten, leaving the fund unchanged and a target-intent review required.

Week strip: Mon hold · Tue hold · Wed exec · Thu hold · Sat target · 5 sessions

Open Council minutes →

Mon hold

Tue hold

Wed exec

Thu hold

Sat target

Week net · Cash 28.1% → 21.8% · Base 35.9% → 27.6% · High-beta 36% → 50.6%

Tue hold Effective R- regime is headline-driven; a further news deterioration would move the book onto the deterministic emergency de-risk path rather than a discretionary one — watch the news overlay, not the…

Closing session

Cash 28.7% → 21.8% · Base 35.7% → 27.6% · High-beta 35.6% → 50.6%

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

Deploying the full 15.0% high-beta move in one session into a Neutral effective regime (risk-off news overlay, -22 points) concentrates headline risk; a partial tranche toward 50.6% would size the regime…
omi entry carries 62 bps round-trip cost plus a +79 bps route gap at position notional on $15.6k global volume — the widest measured execution ceiling in the candidate set; size the entry so the cost does not…
acu is a fresh-only candidate with no aggregate appearances and no measured-axes coverage; if added, size it as unconfirmed evidence.

Current book

Cash 28.8% · Base 35.8% · High-beta 35.4%

CASH (USDC) 28.8% BASE (WETH) 35.8% AVNT 4.3% WBTC 4.2% W 4.1% FLUID 4.0% VVV 4.0% LINK 3.9% RSR 3.7% ZRO 3.6% AERO 3.6%

Top aggregate candidates — 7-day lookback , as of 24 October 2026

#1 FLUID Appeared in 7/7 source run(s) with avg rank 5.14, best rank 2, recency score 23.21.

#2 FOLKS Appeared in 6/7 source run(s) with avg rank 3.17, best rank 1, recency score 29.51.

#3 OMI Appeared in 6/7 source run(s) with avg rank 4.83, best rank 1, recency score 24.85.

lg-base00 — council & book

✅

Closing session · executed reconciled · 24 October 2026

The rebalance executed and reconciled: the council ratified a posture of roughly 23% cash, 29% base, and 48% high beta (from about 29.5/37.7/32.8) and filled the high-beta raise by increasing AERO, VVV, and NPC while holding AUKI; realized post-execution weights are not yet available.

Week strip: Mon hold · Tue exec · Wed hold · Thu hold · Sat exec · 5 sessions

Open Council minutes →

Mon hold

Tue exec

Wed hold

Thu hold

Sat exec

Week net · Cash 28.8% → 22.7% · Base 35.7% → 29.5% · High-beta 35.5% → 47.8%

Wed hold Effective regime is Risk Off (score 37.82) on a high-confidence news overlay while the observed regime reads Risk On — restraint on new beta deployment is warranted this session.

Closing session

Cash 29.5% → 22.7% · Base 37.7% → 29.5% · High-beta 32.8% → 47.8%

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

Both candidates fail the entry evidence standard: aggregate-only rank, absent from the latest fresh run, with round-trip costs of 1763 bps (aleph) and 1030 bps (copi) at probed notional and near-zero…
Effective regime is Neutral, not Risk On: the high-confidence risk-off news overlay makes the 15-point beta raise headline-vulnerable; size incremental entries deliberately rather than at once.
100% of beta book value is attributed to narratives with negative trailing 30d momentum vs TOTAL3ES — a portfolio-level tape risk, not a per-holding sell trigger.

Current book

Cash 22.8% · Base 29.5% · High-beta 47.7%

CASH (USDC) 22.8% BASE (WETH) 29.5% NPC 14.2% VVV 14.0% AERO 12.5% AUKI 7.1%

Top aggregate candidates — 7-day lookback , as of 24 October 2026

#1 WAGMI Appeared in 7/7 source run(s) with avg rank 1.57, best rank 1, recency score 36.35.

#2 WEXO Appeared in 7/7 source run(s) with avg rank 4.43, best rank 3, recency score 23.73.

#3 RBTC Appeared in 7/7 source run(s) with avg rank 6.71, best rank 4, recency score 15.00.

lg-base01 — council & book

✅

Closing session · executed reconciled · 24 October 2026

The rebalance executed and reconciled: the council ratified a posture of about 13% cash, 24% base, and 63% high beta and rotated the sleeve by exiting FBOMB into USDC and adding FLAY, KATA, and SPCXC, with realized post-execution weights not yet available.

Week strip: Mon exec · Tue exec · Wed exec · Thu exec · Sat exec · 5 sessions

Open Council minutes →

Mon exec

Tue exec

Wed exec

Thu exec

Sat exec

Week net · Cash 3.8% → 13% · Base 33.2% → 24% · High-beta 63%

Tue exec Surplus re-entry reverses a decrease executed last session; two-way friction within ~26 hours requires the named thesis change, which exists (consistent rank-1 evidence) but the 115 bps round trip plus 16.5%…

Closing session

Cash 8.4% → 13% · Base 36.6% → 24% · High-beta 55% → 63%

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

kata: $21.4k primary pool, 215 bps round trip, +14.6% 24h, RSI 88.4 — thin-liquidity entry into extended strength; cap size or defer
spcxc: fresh rank 1 vs aggregate rank 6 with +30 one-day score jumps — fresh/aggregate divergence; size below maximum
effective regime is Neutral on a high-confidence risk-off news overlay while the posture raises high beta to 63% — headline-vulnerable book increase

Current book

Cash 13.1% · Base 7.7% · High-beta 79.2%

CASH (USDC) 13.1% BASE (WETH) 7.7% FBOMB 16.9% FLAY 10.7% SPCXC 10.6% MAG7 10.6% CTR 10.3% KATA 10.1% SURPLUS 10.1%

Top aggregate candidates — 7-day lookback , as of 24 October 2026

#1 FLAY Appeared in 6/7 source run(s) with avg rank 5.50, best rank 3, recency score 22.42.

#2 KATA Appeared in 5/7 source run(s) with avg rank 2.60, best rank 1, recency score 27.82.

#3 MAG7 Appeared in 5/7 source run(s) with avg rank 6.60, best rank 5, recency score 10.94.

lg-base02 — council & book

✅

Closing session · executed reconciled · 24 October 2026

The rebalance executed and reconciled: the council ratified a fund posture of about 19% cash, 23% base, and 58% high beta (down from 27/30/43) and a rotation exiting FBOMB and METAC while adding FLAY, KATA, MAG7, and SPCXC; nine transactions settled, though the required FBOMB exit leg failed simulation and remains held, and realized post-execution weights are not yet available.

Week strip: Mon exec · Tue exec · Wed exec · Thu session · Sat exec · 5 sessions

Open Council minutes →

Mon exec

Tue exec

Wed exec

Thu session

Sat exec

Week net · Cash 26.5% → 18.6% · Base 35.4% → 23.4% · High-beta 38.1% → 58%

Tue exec Effective regime is headline-driven Risk Off; the divergence between supportive hard data and adverse news flow can flip quickly — avoid deploying beta beyond what the band reduction requires.

Closing session

Cash 26.7% → 18.6% · Base 30.3% → 23.4% · High-beta 43% → 58%

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

Effective regime is Neutral, not Risk On — a high-confidence risk-off news overlay drives the delivered score to 42.7; new beta entries are being made into a headline-vulnerable climate despite supportive…
62.8% of beta book value sits in narratives with negative trailing 30d momentum vs TOTAL3ES; the fbomb exit reduces but does not eliminate this tilt.
Kata combines RSI 88.4, a $21.4k primary pool, and 210 bps round trip — extreme-momentum, thin-liquidity entry profile with repeated adverse precedent in the learnings ledger; size any kata add small or…

Current book

Cash 2.6% · Base 23.5% · High-beta 73.9%

CASH (USDC) 2.6% BASE (WETH) 23.5% FBOMB 16.5% FLUID 8.9% FLAY 8.4% SPCXC 8.3% MAG7 8.3% CTR 8.1% KATA 7.9% SURPLUS 7.4%

Top aggregate candidates — 7-day lookback , as of 24 October 2026

#1 FLAY Appeared in 6/7 source run(s) with avg rank 6.00, best rank 4, recency score 20.66.

#2 KATA Appeared in 5/7 source run(s) with avg rank 3.20, best rank 3, recency score 26.06.

#3 MAG7 Appeared in 5/7 source run(s) with avg rank 7.20, best rank 5, recency score 9.18.

safe-lg-rh01 — council & book

✅

Closing session · executed reconciled · 24 October 2026

The rebalance executed and reconciled: the council ratified a posture of about 28% base, 23% cash, and 49% high beta (down from about 36/31/34) and a rotation exiting dust-sized BRACKETS into cash while adding INJOH; realized post-execution weights are not yet available, so the ratified target is not the achieved state.

Week strip: Mon exec · Tue exec · Wed exec · Thu hold · Sat exec · 5 sessions

Open Council minutes →

Mon exec

Tue exec

Wed exec

Thu hold

Sat exec

Week net · Cash 30.7% → 23.2% · Base 33.5% → 28.2% · High-beta 35.7% → 48.6%

Thu hold Effective regime is Neutral after a high-confidence risk-off news overlay; transition only 1/2 days confirmed — new beta entries are not paid for until the news impulse fades or confirms

Closing session

Cash 30.7% → 23.2% · Base 35.7% → 28.2% · High-beta 33.6% → 48.6%

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

Effective regime is Neutral on a ~22-point risk-off news overlay; new beta deployment is headline-vulnerable despite supportive flow fundamentals
Abyss 624 bps round trip at position notional is an execution ceiling that consumes a large share of any thirty-day edge at meaningful size
富贵 and hookr are fresh-only with no aggregate history and no measured-axes coverage; size any add small or defer

Current book

Cash 23.7% · Base 28.8% · High-beta 47.4%

CASH (USDG) 23.7% BASE (WETH) 28.8% MRNA 16.5% VOLT 16.4% INJOH 14.5%

Top aggregate candidates — 7-day lookback , as of 24 October 2026

#1 GRIFT Appeared in 4/7 source run(s) with avg rank 1.50, best rank 1, recency score 22.62.

#2 ABYSS Appeared in 3/7 source run(s) with avg rank 1.67, best rank 1, recency score 22.61.

#3 SPRING Appeared in 5/7 source run(s) with avg rank 4.80, best rank 3, recency score 20.95.

Aggregate signal

✅ Aggregate signal

WASSIE

Appeared in 7/7 daily runs across base04 over the 7-day lookback. Appeared in 7/7 source run(s) with avg rank 1.00, best rank 1, recency score 38.85.

What this teaches the future Fund Agent

Macro gates exposure. Use the session-frozen regime the council actually saw (this week: Neutral (N)) — 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-base00 Council lg-base01 Council lg-base02 Council safe-lg-rh01 Council Macros Narratives

What this teaches the future Fund Agent

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