Messy Fund Update

Fund / Signal update · 7 November 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

42 council sessions across 7 micro funds — 25 executed, 13 holds, 2 blocked.
Week regime path: Risk-off (R-) all week — Effective macro regime is R- with fresh coverage and 80% confidence.
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. (base04, base06, lg-base00, lg-base01, safe-lg-rh01; 5 funds).
Fresh-only candidates were added cautiously (small size, watch for aggregate confirmation) rather than as full slate replacements. (base05, lg-base01, lg-base02; 3 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 for that book's meme-index 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-) all week

Mon R- hold

Tue R- hold

Wed R- exec

Thu R- exec

Fri R- hold

Sat R- target

Sampled from base04 sessions across the week

Closing macro brief

Risk-off (R-) · as of 2026-11-07

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

Soft narrative tape

100.0% of beta book value (attributed by primary narrative) sits in narratives with negative trailing 30d momentum vs TOTAL3ES.

Flagged in base04, base06, lg-base00, lg-base01, safe-lg-rh01 Chair notes

Micro funds · week scan

Fund	Sessions	Exec	Hold	Blocked	Council
base04	6	2	3	0	Council
base05	6	2	4	0	Council
base06	6	3	3	0	Council
lg-base00	6	3	3	0	Council
lg-base01	6	6	0	0	Council
lg-base02	6	4	0	2	Council
safe-lg-rh01	6	5	0	0	Council
paper-meme	0	0	0	0	Council

base04

6 sessions · 2 exec · 3 hold · 0 blocked

base05

6 sessions · 2 exec · 4 hold · 0 blocked

base06

6 sessions · 3 exec · 3 hold · 0 blocked

lg-base00

6 sessions · 3 exec · 3 hold · 0 blocked

lg-base01

6 sessions · 6 exec · 0 hold · 0 blocked

lg-base02

6 sessions · 4 exec · 0 hold · 2 blocked

safe-lg-rh01

6 sessions · 5 exec · 0 hold · 0 blocked

paper-meme

No council sessions were recorded from 2026-11-02 through 2026-11-07. There is no Chair note, week strip, or net posture for this book.

base04 — council & book

⚖️

Closing session · target change · 7 November 2026

No trades executed: the council's target intent failed governance review because the beta selection relied on a token outside the sleeve's addable set, and the follow-up is a revised target intent for review.

Week strip: Mon hold · Tue hold · Wed exec · Thu exec · Fri hold · Sat target · 6 sessions

Open Council minutes →

Mon hold

Tue hold

Wed exec

Thu exec

Fri hold

Sat target

Week net · Cash 62.2% → 30% · Base 37.8% → 39% · High-beta 0% → 31%

Tue hold Entry into BYTE should be capped at or near the $1.00 minimum position value; at any larger size the flagged 1340 bps round trip and +993 bps route gap make the trade a deterministic execution-cost loss.

Closing session

Cash 33.4% → 30% · Base 50.2% → 39% · High-beta 16.4% → 31%

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

Posture-mandated beta raise (+14.6% session move) has no executable entry leg this session; the raise will be carried by the deterministic layer only when selectable candidates exist
Effective Risk Off regime (news overlay, delivered score 23.32) argues against aggressive beta deployment while the posture directs beta up; regime preference is subordinate to the locked posture
100% of beta book value sits in narratives with negative trailing 30d momentum vs TOTAL3ES (Meme), and in a single position — concentration and narrative-momentum risk are both live

Current book

Cash 33.3% · Base 50.1% · High-beta 16.6%

CASH USDC CA 33.3% BASE WETH CA 50.1% NEIRO CA 16.6%

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

#1 WASSIE CA Appeared in 7/7 source run(s) with avg rank 1.29, best rank 1, recency score 37.60.

#2 MBTC CA Appeared in 7/7 source run(s) with avg rank 2.43, best rank 2, recency score 33.47.

#3 BASEDHYPE CA Appeared in 7/7 source run(s) with avg rank 3.14, best rank 3, recency score 30.08.

base05 — council & book

🔒

Closing session · maintain current · 7 November 2026

No trades executed: the council ratified the current book as a maintain-current outcome, with follow-up limited to carrying watch items forward.

Week strip: Mon exec · Tue hold · Wed hold · Thu exec · Fri hold · Sat hold · 6 sessions

Open Council minutes →

Mon exec

Tue hold

Wed hold

Thu exec

Fri hold

Sat hold

Week net · Cash 26.5% → 28% · Base 36.7% → 36.4% · High-beta 36.8% → 35.6%

Tue hold MRDN exit proceeds (~$0.82) fall below the $1.00 minimum ticket and the flagged ~8,789 bps route gap consumes most of the position value; any further reduce is a near-guaranteed friction loss — full exit or…

Closing session

Cash 28% · Base 35.4% → 36.4% · High-beta 36.6% → 35.6%

Recommended movement is base +1.0%, high beta -1.0%; each change remains inside the configured session movement caps of cash 15.0%, base 15.0%, and high beta 15.0%.

effective Risk Off regime (news overlay, delivered macro score 23.32) argues against new beta entries this session even where screening supports candidates
AYB carries fresh-only evidence with no aggregate screen history and a +22.6% one-day move with RSI up 18.1 — entry/hold sizing should reflect the thin pedigree
ANI absent from the latest fresh run while holding aggregate rank 3 — single-session divergence, watch for a second consecutive session before acting

Current book

Cash 27.7% · Base 35% · High-beta 37.4%

CASH USDC CA 27.7% BASE WETH CA 35.0% AYB CA 13.8% OWCT CA 11.8% ANI CA 11.8%

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

#1 OWCT CA Appeared in 7/7 source run(s) with avg rank 5.14, best rank 2, recency score 25.78.

#2 CLAWD CA Appeared in 6/7 source run(s) with avg rank 6.33, best rank 3, recency score 19.95.

#3 ANI CA Appeared in 5/7 source run(s) with avg rank 5.80, best rank 4, recency score 10.17.

base06 — council & book

🔒

Closing session · maintain current · 7 November 2026

No trades executed: the council ratified the current book and the manager declined the rebalance package at execution review, so the fund was not modified.

Week strip: Mon exec · Tue exec · Wed hold · Thu exec · Fri hold · Sat hold · 6 sessions

Open Council minutes →

Mon exec

Tue exec

Wed hold

Thu exec

Fri hold

Sat hold

Week net · Cash 26.2% → 28.3% · Base 35.5% → 36.8% · High-beta 38.3% → 34.9%

Wed hold Effective Risk-Off regime with confirmed hold argues against adding fresh beta; new entries proposed into a softening flow backdrop (stablecoin mcap -4% 30d, ETF flows net negative).

Closing session

Cash 28.8% → 28.3% · Base 36.4% → 36.8% · High-beta 34.8% → 34.9%

Recommended movement is cash -0.5%, base +0.4%, high beta +0.1%; each change remains inside the configured session movement caps of cash 15.0%, base 15.0%, and high beta 15.0%.

Effective regime is Risk Off on a news overlay over a Neutral base; avoid deploying reserve capital into new beta until the overlay proves or fades
85.4% of beta book value sits in narratives with negative trailing 30d momentum vs TOTAL3ES — standing drawdown exposure in a confirmed risk-off regime, not a per-holding exit trigger
LINK at 10.4% NAV is the top-1 position; any increase would press concentration limits

Current book

Cash 28.8% · Base 36.4% · High-beta 34.8%

CASH USDC CA 28.8% BASE WETH CA 36.4% LINK CA 10.4% WBTC CA 7.0% SOSO CA 6.4% ZRO CA 5.1% TBTC CA 3.4% AWE CA 2.6%

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

#1 TBTC CA Appeared in 7/7 source run(s) with avg rank 2.29, best rank 1, recency score 34.35.

#2 SOSO CA Appeared in 7/7 source run(s) with avg rank 7.00, best rank 5, recency score 14.02.

#3 ICNT CA Appeared in 6/7 source run(s) with avg rank 5.50, best rank 4, recency score 19.95.

lg-base00 — council & book

🔒

Closing session · maintain current · 7 November 2026

No trades executed: the council ratified the current book as a maintain-current outcome, locking a fund posture of roughly 28.5% cash, 36.8% base, and 34.8% high beta, with realized post-execution weights not yet available.

Week strip: Mon hold · Tue hold · Wed exec · Thu exec · Fri exec · Sat hold · 6 sessions

Open Council minutes →

Mon hold

Tue hold

Wed exec

Thu exec

Fri exec

Sat hold

Week net · Cash 35% → 28.5% · Base 29.8% → 36.8% · High-beta 35.1% → 34.8%

Tue hold Both fresh candidates carry ~1700 bps probed round trips with negligible pool liquidity — not executable at meaningful size; any rotation into them is a net friction loss.

Closing session

Cash 29.2% → 28.5% · Base 36.4% → 36.8% · High-beta 34.4% → 34.8%

Recommended movement is cash -0.7%, base +0.3%, high beta +0.4%; each change remains inside the configured session movement caps of cash 15.0%, base 15.0%, and high beta 15.0%.

Effective Risk Off regime is news-overlay driven while the underlying macro is Neutral; if the overlay decays, the defensive reading loses its basis — re-check next session
100% of beta book value attributed to narratives with negative trailing 30d momentum vs TOTAL3ES; standing thematic headwind, not a per-name trigger
All four incumbents absent from the aggregate screen; if the absence persists across sessions it becomes a coverage deterioration signal

Current book

Cash 29.3% · Base 36.5% · High-beta 34.3%

CASH USDC CA 29.3% BASE WETH CA 36.5% VVV CA 12.2% AUKI CA 7.7% NPC CA 7.3% AERO CA 7.1%

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

#1 SHRUB CA Appeared in 7/7 source run(s) with avg rank 4.00, best rank 3, recency score 27.36.

#2 BOSON CA Appeared in 6/7 source run(s) with avg rank 3.17, best rank 3, recency score 22.29.

#3 ERA CA Appeared in 6/7 source run(s) with avg rank 8.50, best rank 8, recency score 6.57.

lg-base01 — council & book

✅

Closing session · executed reconciled · 7 November 2026

The rebalance executed and reconciled, ratifying a fund posture of about 12% cash, 18% base, and 71% high beta (up from about 5/10/86), funded by the two required exits left unfilled last session; realized post-execution weights are not yet available.

Week strip: Mon exec · Tue exec · Wed exec · Thu exec · Fri exec · Sat exec · 6 sessions

Open Council minutes →

Mon exec

Tue exec

Wed exec

Thu exec

Fri exec

Sat exec

Week net · Cash 16.1% → 11.6% · Base 3.6% → 17.8% · High-beta 80.3% → 70.6%

Tue exec FBOMB exit leg carries a 156 bps exit-cost ceiling and failed simulation last session; a second failed leg would force the 15-point beta cut onto thesis-intact names — have a fallback reduction (MAG7 or a…

Closing session

Cash 4.8% → 11.6% · Base 9.6% → 17.8% · High-beta 85.6% → 70.6%

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

77.5% of beta book value sits in narratives with negative trailing 30d momentum vs TOTAL3ES; the de-risk reduces but does not eliminate this concentration
Fresh-only candidates (SPCXC, TBTC, SPX, ALEPH) have no aggregate screening history; sizing should reflect single-run evidence
SLC carries 23.2% ATR% 24h and sits 41.5% below its 180d high — the two measured axes most negatively associated with 30d forward returns

Current book

Cash 5.8% · Base 1.4% · High-beta 92.8%

CASH USDC CA 5.8% BASE WETH CA 1.4% MAG7 CA 16.7% FBOMB CA 16.2% OLAS CA 14.3% VFY CA 14.1% WOO CA 13.9% ZFI CA 13.6% AAPLC CA 4.1%

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

#1 ZFI CA Appeared in 6/7 source run(s) with avg rank 4.17, best rank 3, recency score 20.28.

#2 WOO CA Appeared in 4/7 source run(s) with avg rank 2.00, best rank 1, recency score 20.69.

#3 AAPLC CA Appeared in 4/7 source run(s) with avg rank 2.75, best rank 2, recency score 23.81.

lg-base02 — council & book

✅

Closing session · executed reconciled · 7 November 2026

The rebalance executed and reconciled, but the two required-exit sell legs for FBOMB and MAG7 failed simulation and did not execute, so those exits remain outstanding for retry.

Week strip: Mon blocked · Tue blocked · Wed exec · Thu exec · Fri exec · Sat exec · 6 sessions

Open Council minutes →

Mon blocked

Tue blocked

Wed exec

Thu exec

Fri exec

Sat exec

Week net · Cash 2.9% → 10.6% · Base 2.3% → 12.9% · High-beta 94.8% → 76.5%

Tue blocked FBOMB exit cost is 154 bps at position notional against $52.2k global volume; the sell leg should be sized and staged accordingly.

Closing session

Cash 3.9% → 10.6% · Base 4.7% → 12.9% · High-beta 91.5% → 76.5%

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

Effective Risk Off regime is news-overlay-driven (delivered score 23.32 vs observed Neutral 48.32); the fundamental backdrop alone would not justify a defensive reading — do not let the overlay justify exits…
Fresh-only candidates (SPCXC, SPX, CETES) have no aggregate track record; CETES additionally shows $87 liquidity and 52% ATR — do not enter on fresh-only evidence into a reducing posture.
SLC shows fresh/aggregate rank divergence (1 vs 6) with 23.2% ATR and $97k primary-pool liquidity; entry-timing caution if ever considered.

Current book

Cash 4.3% · Base 2.9% · High-beta 92.8%

CASH USDC CA 4.3% BASE WETH CA 2.9% CTR CA 17.1% SOGNI CA 16.8% AAPLC CA 16.2% ZFI CA 16.1% FBOMB CA 14.3% MAG7 CA 12.2%

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

#1 ZFI CA Appeared in 6/7 source run(s) with avg rank 4.17, best rank 3, recency score 20.28.

#2 WOO CA Appeared in 4/7 source run(s) with avg rank 2.00, best rank 1, recency score 20.69.

#3 AAPLC CA Appeared in 4/7 source run(s) with avg rank 2.75, best rank 2, recency score 23.81.

safe-lg-rh01 — council & book

✅

Closing session · executed reconciled · 7 November 2026

The rebalance executed and reconciled: the council ratified a posture of about 32% base, 34% cash, and 34% high beta plus a rotation removing VOLT and adding PRIORS, and four transactions settled, though the required VOLT exit route failed simulation and remains an unfilled residual of about $3.72.

Week strip: Mon exec · Tue exec · Wed target · Thu exec · Fri exec · Sat exec · 6 sessions

Open Council minutes →

Mon exec

Tue exec

Wed target

Thu exec

Fri exec

Sat exec

Week net · Cash 28.3% → 34% · Base 19.1% → 32.2% · High-beta 52.6% → 33.8%

Tue exec 73.1% of beta book value sits in narratives with negative trailing 30d momentum vs TOTAL3ES; the posture reduction mitigates this at bucket level but name-level tilt persists after the trim.

Closing session

Cash 49.8% → 34% · Base 18.3% → 32.2% · High-beta 31.9% → 33.8%

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

Effective regime is Risk Off on a news-driven overlay while the underlying macro picture is Neutral; the ~25-point subtract is event-driven and could reverse — size new entries for the defensive read, not the…
100% of beta book value sits in narratives with negative trailing 30d momentum vs TOTAL3ES; the book is fully exposed to a weak alt tape
ABYSS exit cost of 200 bps is a material execution ceiling at position notional; any future reduction of ABYSS should account for round-trip friction before acting

Current book

Cash 34.2% · Base 18.4% · High-beta 47.3%

CASH USDG CA 34.2% BASE WETH CA 18.4% ABYSS CA 16.3% PRIORS CA 16.2% VOLT CA 14.9%

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

#1 ABYSS CA Appeared in 7/7 source run(s) with avg rank 2.14, best rank 1, recency score 33.25.

#2 HYDX CA Appeared in 7/7 source run(s) with avg rank 3.43, best rank 1, recency score 28.44.

#3 GAGE CA Appeared in 7/7 source run(s) with avg rank 4.86, best rank 3, recency score 25.09.

paper-meme — council & book

No council sessions were recorded from 2026-11-02 through 2026-11-07. There is no Chair note, week strip, or net posture for this book.

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

#1 CASHCAT CA Appeared in 7/7 source run(s) with avg rank 1.00, best rank 1, recency score 77.71.

#2 AI CA Appeared in 7/7 source run(s) with avg rank 2.00, best rank 2, recency score 73.82.

#3 DOPE CA Appeared in 7/7 source run(s) with avg rank 4.14, best rank 3, recency score 66.28.

Aggregate signal

✅ Aggregate signal

WASSIE CA

WASSIE

Appeared in 7/7 daily runs across base04 over the 7-day lookback. Appeared in 7/7 source run(s) with avg rank 1.29, best rank 1, recency score 37.60.

What this teaches the future Fund Agent

Macro gates exposure. Use the session-frozen regime the council actually saw (this week: Risk-off (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-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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