simulation/results/. Figures are percentage-point (pp) differences in mean ROI between an evolving or reallocating arm and a static control unless stated. “Inconclusive” follows the pre-registered rule on Simulation method.
1. Reproduction: negative, then superseded
Conclusion recorded in
ECONOMICS.md section 8: the reproduction mechanism has not shown a population-level benefit in this harness under any setting tried.
2. Fixed slots and reallocation: positive in the model
These results hold only if the genome carries an edge of the assumed size.
3. The genome-edge study: negative
genome-edge.md ran the pre-registered study. It backtested 1,000 genomes of the production long-or-flat plugin on hourly closes built from all 9.57 million on-chain Trade events of the Kuru mainnet MON-USDC market, in-sample 2025-12-23 to 2026-05-31 and held out 2026-06-01 to 2026-09-30, net of a 0 bps taker fee, a 7.4 bps half-spread, and $0.00104 of gas per swap.
- Edge size (H1). The top fifth of genomes beat the bottom fifth by 0.028 market standard deviations per tick out of sample (95 percent bounds 0.015 to 0.039), against 0.278 modeled at magnitude 0.006. Only the choppy regime qualified for its own test: 0.024 against 0.297.
- Rank persistence (H2). Mean rank correlation between adjusted fitness and the next 20 ticks’ net return was 0.066 (bounds 0.027 to 0.103), against 0.416 in the model. At zero cost it was -0.017: what persists sorts genomes by how often they trade.
- Calibrated re-run (H3). The measured spread calibrates to magnitude 0. On new seeds 101 to 150 the owner-scoped comparison was inconclusive against the static population (2 of 12 cells significant, both lower, median gap -0.24 pp).
What these results do not show
- Nothing here estimates production returns.
- The model results depend on an assumed genome model. The study that tested that assumption against data contradicted it for this strategy.
- No stress regime occurred in the held-out data, so stress behavior of any strategy on real data is untested.
- The study covers one signal, one venue, and cost snapshots rather than a spread history. It was run on MON-USDC, and the extension to WETH/USDC is an assumption.
- Strategies with a different signal, or with information purchases that pay, were not and could not be replayed.