The Level
reserve vs basket
Net asset value
—
Per token
—
Reserve
—
Off level
—
reserve heavy
target 50 / 50
basket heavy
Vs never rebalancing
—
the whole thesis, measured
Hold return
—
same basket, never traded
Legs
gate = ±band · headroom = pool vs trade
| Leg | Price | Holding | Value |
Weight | Target | Drift | Gate | Headroom |
Trace
fund vs never rebalancing
Rebalanced 50/50
Same basket, never traded
Rebalancing ahead
Rebalancing behind
BTC · daily
click any leg above
Next moves
what the keeper would do now
Notes
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