Registry / Credentials / zkml12-verifiable-ai-regn

REFUSED

VERIFIABLE AI · MIZAN-NET-20 · REGN (4-8-1 MLP, ReLU)

REGN · daily adj OHLC · 2019–26 (1,900 bars, Sharadar)

A track record judged inside a zero-knowledge proof: returns after costs and every committed try recomputed in-circuit, the strategy never revealed. Don't trust this page: the proof re-runs offline on your own machine in about 81 ms.

0.36Sharpe

5.7%CAGR

50.1%Max drawdown

Download the proof ⤓Verify it yourself Embed the badge

MIZAN · VTR-1 credential#09cdfa747a633297

Credential

VERIFIABLE AI · MIZAN-NET-20 · REGN (4-8-1 MLP, ReLU)

Verdict: Refused · published
Class: Committed model
Engine: v12 · live
Anchor: RFC-3161 · Bitcoin pending
Minted: 2026-10-20

Anchor fingerprint · SHA-25609cdfa747a6332978198687f4c83c9756b7228c23fad1646d2bb68550845ae30

Live status: REFUSEDfrom the public registryRFC-3161 · Bitcoin pendingCheck it yourself ↗

What this proves

What the proof settles, and what it leaves open.

Backtest of a committed model: no lookahead, but the model may have been fitted to this history.

Proven

Returns after costs, recomputed inside a zero-knowledge proof on committed data.
The strategy stayed sealed. Nothing about how it works is disclosed by this credential.
Lookahead: impossible (every decision recomputed in-proof from a committed model).

Not claimed

Hindsight: not excluded (the model could have been trained knowing the period).
Not a forecast. It describes a record; it does not predict the next one.
Not advice or a rating of any person. A verdict on one record against one public bar.
Not PROVEN. Only a forward track, committed before its data existed, earns PROVEN.

Disclosed metrics

What the gate measured, after costs.

0.36Sharpe

-0.51OOS Sharpe

5.7%CAGR

+52.4%Net return

50.1%Max drawdown

-9.4%Worst bar

3Trades

51.0%Independence

0.11Calmar

7.60Years

49.7%Exposure

7.00Fee (bps)

5.00Slippage (bps)

1,900Bars

Refused, and published anyway. The gate said no and the proof shipped with the same weight as a pass. A gate that passes everything certifies nothing; refusals are what make a pass worth something.

Random batch drawn with a published seed ("MIZAN · random batch · 2026-10-18") from current S&P 500 members with history since 2019. Same 4-8-1 design, features [1,5,21,63], costs 7+5 bps, trained before 2023 only. The forward pass runs inside the proof; weights are never revealed. Published whatever the verdict.

The proof's journey

Five steps, each one checkable.

01 · CommittedData and spec

committed before the test

02 · ProvenEngine v12

220 KB proof · 2026-10-20

03 · TimestampedRFC-3161

Oct 20 02:00:31 2026 GMT

04 · AnchoredRFC-3161 · Bitcoin pending

09cdfa747a6332978198687f…

05 · RegisteredLeaf #36

append-only, never removed

Verify it yourself

Don't trust this page. Re-run the proof.

Download the proof bundle and the free, public verifier for your platform.
Turn the network off. The verifier needs no server, no trusted party, no MIZAN infrastructure.
Run the command. The verdict recomputes on your machine in about 81 ms and must match the one above.

The exact verify command

$ ./mizan-verifier-v12-macos-arm64 mizan_zkml_r30_regn_v12.bundle mizan_zkml_r30_regn_v12_data.csv --aux mizan_zkml_r30_regn_v12_parts.json --roots roots.txt

roots.txt: studio.mizan.market/api/catalog/roots.txt, the allowlist of canonical market data.

Verify page ↗The live wall ↗All credentials →

Carry it anywhere

One badge, checkable everywhere it appears.

The badge is live: it always shows this credential's current status, straight from the public registry. Free to display, at any volume.

For platforms →

Embed on a listing

<a href="https://mizan.market/credential/zkml12-verifiable-ai-regn/"><img src="https://studio.mizan.market/badge/zkml12-verifiable-ai-regn.svg" alt="MIZAN credential: VERIFIABLE AI · MIZAN-NET-20 · REGN (4-8-1 MLP, ReLU)" height="20"></a>

Or check it from code, or from an agent (MCP · A2A)

GET https://studio.mizan.market/api/agents/check?q=zkml12-verifiable-ai-regn
→ { "status": "REFUSED", "found": true, … }

The record

Every field, as committed.

Dataset: REGN · daily adj OHLC · 2019–26 (1,900 bars, Sharadar)
Minted (UTC): 2026-10-20T02:00:34Z
Verdict: FAIL · +52% but Sharpe 0.36 < 1.20, drawdown 50% — published
Kind: zkml
Engine era: v12 · any-agent books · completion statistics · cost floor in-circuit · bracket exits
Engine status: live
Credential hash: 09cdfa747a633297
Anchor SHA-256: 09cdfa747a6332978198687f4c83c9756b7228c23fad1646d2bb68550845ae30
Timestamp (TSA): Oct 20 02:00:31 2026 GMT
Bitcoin / OTS: pending
Registry leaf: 50d02f14241b13fa97b97d1ecc411207de4cc6a2dbe3ca6d5a859a7d2d01b9bf
Leaf index: 36
Registry root: 09607193c49aacf3b212f5e6da7d579b56f1b94db9bb553ebf97a6ab41b1c84a
Proof size: 220 KB

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

← Newer credentialVERIFIABLE AI · MIZAN-NET-14 · MOS (4-8-1 MLP, ReLU)Older credential →VERIFIABLE AI · MIZAN-NET-34 · DOT (4-8-1 MLP, ReLU)

ENGINEv12 · 659bdb67… ● LIVE REGISTRY83 credentials · append-only VERIFY~81 ms · offline · trusting no one ANCHORBitcoin #962,013 SPECVTR-1 · frozen · CC BY ROOT09607193…b1c84a