Methodology, condensed.
ARC simulations stress a protocol treasury across multi-year market histories. The engine harvests protocol-owned inventory in supercharge zones, pays floor PayBack from earned inflows, and tracks solvency ratios over time.
What the public numbers mean
| VMR | (Earned inflows + terminal ARCA + terminal ARCI) / outside capital |
|---|---|
| VMR ex-ARCA | Same without residual ARCA — cash-realized quality if ARCA marks go to zero |
| Throughput ratio | Net realized throughput / average protected capital |
| PayBack | Floor payments executed to participants from earned funding |
| SCR | Stress coverage ratio (multi-year solvency buffer vs OFL stress) |
Public pages show selected static trajectories only. Full interactive reports, parameter dumps, and daily series remain internal.