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Advisory \u2014 moves no capital.", "flagged": true, "generated_at": "2026-07-17T01:47:17.350726+00:00", "illustrative": { "as_of": "2026-06-25", "basis": "hypothetical book on aa70268e-4b52-42bf-a116-608b370f9501:borrow's REAL contemporaneous on-chain depth \u2014 demonstrates the model; NOT our live book", "book": { "as_of": "2026-06-25", "gross_usd": 10000000.0, "market_id": "aa70268e-4b52-42bf-a116-608b370f9501:borrow", "source": "hypothetical", "underlying": "usdc" }, "depth_source": "rate_surface.exit_liquidity_usd", "depth_usd": 869508.6375, "disclaimer": "ILLUSTRATIVE ONLY \u2014 a hypothetical book on a REAL deep market's contemporaneous on-chain depth, to demonstrate the conservative model. This is NOT our live position. 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