ETH

Verify this yourself

1. 1

   Take the canonical payload below and hash it. It must equal the call hash — this is what fixes the claim to these exact fields.

   Canonical payload{"callHash":"0x8e4f15c2b2adf72797231a27cdadcba5bdecd4e451635a5e5104640bc0064d94","emitter":"scienter.ensemble.v3","asset":"ETH","side":"short","claimedAt":1786526981,"horizonSeconds":28800}
2. 2

   Fold the call hash with each sibling in order. The result must equal the batch root the ledger published.

   Call hash0x8e4f15c2b2adf72797231a27cdadcba5bdecd4e451635a5e5104640bc0064d94

   Sibling 00x9e3779b1aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

   Sibling 10x13c6ef362aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

   Sibling 20x1daa66d13aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

   Sibling 30x278dde6c4aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

   Batch root0x275d4a6bd2c56ee0183422a0f2f5efdb3d3c7aa8c249fed56b575a4bc8f647db

   This batch contains 64 calls; 4 siblings is the expected depth.

3. 3

   Read the root out of the Base transaction and compare timestamps. The block must predate the settlement — that is the entire claim.

   Commit tx 0xb4e7…753aSettlement tx 0x359a…fae4

What this proves: the call existed, unmodified, before the outcome did. What it does not prove: that the call was good. That is what the backtest and the aggregate on the ledger index are for — and they include the losses.

Outcome

Called short on ETH at 2,876.54. At the 8h horizon the hyperliquid-mid was 2,922.62, which is -160 bps signed to the direction of the call.