FOLIO 07 // VERIFICATION

Don't trust the site. Read the accounts.

NAV uses public balances only. Machine execution publishes an authenticated snapshot after every cycle, and rehearsal telemetry is rejected by the production endpoint.

REPRODUCIBLE FORMULA — ZERO PRIVATE INPUTS

machineNavUsd =
  hyperliquidPerpsEquityUsd
  + hyperliquidSpotValueUsd
  + max(0, machineWalletSol − 0.02 SOL ops reserve) × solUsd
  + buybackWalletSol × solUsd

circulatingSupply = onChainSupply − excludedTreasuryInventory
navPerTokenUsd    = machineNavUsd ÷ circulatingSupply
marketCapUsd      = poolPriceUsd × circulatingSupply
mNAV              = marketCapUsd ÷ machineNavUsd

// the 0.02 SOL transaction reserve is excluded from NAV
// pending Pump fees are excluded until claimed
// treasury-owned $MNAV is valued at zero

MACHINE NAV

$4762.40

NAV / TOKEN

4.7624e-6

mNAV

3.36×

PUBLISHED CUSTODY

FEE / UNIT MACHINE

8Ay6EcHdE4QYfCmeDrr4pYmYf1dNjXsNsuEARJyKkN8v

BUYBACK SETTLEMENT

BAN1wNjbxDN4QuWMGxbNAma5aCcxYgyxJB5ZpB3GR3rA

HYPERLIQUID DESK

0xa57CC21A5a447d8140B01A7274ed1DC7963Ef474

MINT

AJQ9BpSYugBQ8C7gWYssjES6r69T5eAnu3MFqewqpump

MACHINE RECEIPTS — LAST 12 EVENTS

HEALTH IDLE · UPDATED 2026-08-25T10:39:45.321Z

TIME	LEG	STATUS	REASON	PROOF
2026-08-25T10:39:45Z	jupiter.buyback	SKIPPED	no settled profit	—
2026-08-25T10:39:43Z	unit.withdraw	CONFIRMED	Unit withdrawal settled	—
2026-08-25T10:39:42Z	accounting.profit-hwm	CONFIRMED	profit budget 0.000000 USDC	—
2026-08-25T10:39:40Z	hyperliquid.harvest	CONFIRMED	harvested 1 fresh fills	—
2026-08-25T10:39:39Z	strategy.hype-breakout	SKIPPED	setup_not_compressed	—
2026-08-25T10:39:37Z	hyperliquid.consolidate	CONFIRMED	Unit collateral consolidated	—
2026-08-25T10:39:22Z	hyperliquid.consolidate	CONFIRMED	USDC transfer submitted	HL ACCOUNT
2026-08-25T10:39:06Z	hyperliquid.consolidate	CONFIRMED	USOL sale submitted	HL ACCOUNT
2026-08-25T10:39:04Z	unit.deposit	SKIPPED	accumulating until Unit minimum	—
2026-08-25T10:39:01Z	pump.claim	SKIPPED	BELOW_CLAIM_FLOOR	—
2026-08-25T10:37:56Z	jupiter.buyback	SKIPPED	no settled profit	—
2026-08-25T10:37:53Z	unit.withdraw	CONFIRMED	Unit withdrawal settled	—

OPERATOR AUTHORITY — the operator currently controls the wallet keys and can stop or update the software. The public accounts make withdrawals visible; they do not make custody trustless. $MNAV has no redemption right or legal claim on NAV.

ACCOUNTING

Standard/default Hyperliquid account mode only; unified and portfolio margin are blocked.

SETTLEMENT

Solana receipts link on-chain. Hyperliquid writes carry deterministic references and reconcile against account state.

LIVENESS

A snapshot older than three machine cadences is labeled stale in the site status strip.