Credential · honest fail · 2026-08-09

S&P 500, 2× levered trend

FAIL — published anyway

A track record judged by the MIZAN gate inside a zero-knowledge proof: returns after costs, the out-of-sample split and the overfitting corrections recomputed in-circuit, the strategy never revealed. Anyone can verify this credential offline. Every verdict on the registry is published, including this one.

Disclosed metrics
0.65Sharpe
0.63OOS Sharpe
15.1%CAGR
+5,458.9%Net return
60.5%Max drawdown

Strategy-archetype sweep, one control asset: 2× levered trend (constant leverage) on the S&P — refused. Sharpe 0 against the 1.20 bar. Twelve archetypes exercising every DSL feature — indicators, long/short, regime gates, vol targeting, ensembles, crash brakes, leverage — twelve refusals. The gate does not care how the strategy is shaped.

Verify it yourself

Download the bundle, run the verifier with the network off. The verdict recomputes on your machine in about 81 ms.

./mizan-verifier-v11-macos-arm64 arch_spy_levered2x_20260810.bundle spy.csv
The record
DatasetSPY · daily OHLC · 1997-12-31→2026-07-24 (7,184 bars) · published for offline verification
Minted (UTC)2026-08-09T00:00:00Z
VerdictFAIL — published anyway
Kindhonest_fail
Engine erav11 · both-schools validation-complete
Engine statuslive
Credential hash4d12cf852ccaf449
Anchor SHA-2564d12cf852ccaf4490c16a3b4e0fe0926d8b0bec1c9c9c9a936d74325198f8bf7
Timestamp (TSA)Aug 10 08:54:56 2026 GMT
Bitcoin / OTSpending confirmation
Data rootd05c76d2fb0724d3977ece83c8473b68926d5b2fad835f426a3c243eff8c8713
Registry leafc875b6711d4c399c5a037607dde3e36ebde033299480c3953612b0f366f51211
Leaf index61
Registry rootf878bf4d24bda7d7e90d09c9345418b9c77ec4ac866df57ac76eff8ee44c5f26
Proof size220 KB
IssuerMIZAN

What a verdict means: what a PASS asserts · what we refuse to certify · reading a verdict · the VTR-1 standard.