{
  "entry": {
    "seq": 122,
    "at": "2026-10-24T23:33:07.816Z",
    "type": "policy.sweep",
    "subject": "rightshold-production",
    "payload": {
      "break_even_lock_open": false,
      "cohort_stage": 1,
      "cost_guard_state": "green",
      "cumulative": {
        "contribution_micro": -474300,
        "distributable_surplus_micro": 0,
        "founders_accrual_micro": 0,
        "gross_earned_micro": 6000,
        "ncr_micro": 6000,
        "pool_in_micro": 0
      },
      "current_month": "2026-10",
      "founders_accrual_micro": 0,
      "ledger_head": {
        "blocks": 119,
        "entries": 30
      },
      "months_counted": 1,
      "policy_version": "2026-10-23-v2",
      "pool_balance_micro": 0,
      "referral_fund": {
        "allocated_micro": 0,
        "balance_micro": 0,
        "liability_outstanding_micro": 0,
        "paid_micro": 0
      },
      "reserves": {
        "at_target": false,
        "operating_balance_micro": 0,
        "operating_target_micro": 2881800,
        "risk_balance_micro": 0,
        "risk_target_micro": 120
      },
      "stage": 0,
      "stage_name": "Free Proof",
      "sweep_key": "345f73434f07a4ee0aa7fe72f554d6b7cca8d3cf1b37326bf3991996845b9a77"
    },
    "payload_hash": "268efa142c36ad198b1b7d2fb8e6bc89739456dce27141c4d8cf7987c9aa68e8",
    "leaf_hash": "55964ee74569b5faa9a1c3f0ac8ca7b9e9fd5925dff30c930d8c34f3a98e21d8",
    "block_height": 119,
    "texts": {},
    "data": {
      "break_even_lock_open": false,
      "cohort_stage": 1,
      "cost_guard_state": "green",
      "cumulative": {
        "contribution_micro": -474300,
        "distributable_surplus_micro": 0,
        "founders_accrual_micro": 0,
        "gross_earned_micro": 6000,
        "ncr_micro": 6000,
        "pool_in_micro": 0
      },
      "current_month": "2026-10",
      "founders_accrual_micro": 0,
      "ledger_head": {
        "blocks": 119,
        "entries": 30
      },
      "months_counted": 1,
      "policy_version": "2026-10-23-v2",
      "pool_balance_micro": 0,
      "referral_fund": {
        "allocated_micro": 0,
        "balance_micro": 0,
        "liability_outstanding_micro": 0,
        "paid_micro": 0
      },
      "reserves": {
        "at_target": false,
        "operating_balance_micro": 0,
        "operating_target_micro": 2881800,
        "risk_balance_micro": 0,
        "risk_target_micro": 120
      },
      "stage": 0,
      "stage_name": "Free Proof",
      "sweep_key": "345f73434f07a4ee0aa7fe72f554d6b7cca8d3cf1b37326bf3991996845b9a77"
    }
  },
  "status": "sealed",
  "block": {
    "v": 1,
    "height": 119,
    "prev_hash": "663d674a7620c19b2f68f2ba39f7fe35ff1aa16ce638e82568b21c3ed739788f",
    "merkle_root": "55964ee74569b5faa9a1c3f0ac8ca7b9e9fd5925dff30c930d8c34f3a98e21d8",
    "first_seq": 122,
    "last_seq": 122,
    "entry_count": 1,
    "at": "2026-10-24T23:33:38.055Z",
    "key_id": "key_41eb7b6d1b11968a",
    "block_hash": "8fc80f1ec3bb333e5658d6a4bc76b5616869136ab5c7da5af3a04534567e0b29",
    "signature": "R1Dk4QbKpFX6zWDImKLRYv2TyAU7njZERFJdc07Dz8LnYehmTZ25MBBFWo0RQnJD5T3RqxAaf/dU1zeo0SvjCA==",
    "public_key_pem": "-----BEGIN PUBLIC KEY-----\nMCowBQYDK2VwAyEAEYWJAvPDwdwiByA4ucuPBAV0jLWwXGgtbZqbyrLNMiM=\n-----END PUBLIC KEY-----\n"
  },
  "proof": {
    "leaf_hash": "55964ee74569b5faa9a1c3f0ac8ca7b9e9fd5925dff30c930d8c34f3a98e21d8",
    "index": 0,
    "path": [],
    "merkle_root": "55964ee74569b5faa9a1c3f0ac8ca7b9e9fd5925dff30c930d8c34f3a98e21d8",
    "how_to_verify": "payload_hash = sha256(canonical(payload)); leaf = sha256('leaf:' + canonical({seq, at, type, subject, payload_hash})); fold the path (R: sha256('node:' + acc + hash), L: sha256('node:' + hash + acc)) to merkle_root; verify the Ed25519 signature over canonical(block header)."
  },
  "finality": {
    "state": "bitcoin-anchored",
    "final": false,
    "witnesses": 0,
    "required": 2,
    "finalized_through": null,
    "bitcoin": {
      "anchored": true,
      "block_height": 972991,
      "confirmed_through": 170
    },
    "states": [
      "recorded",
      "sealed",
      "bitcoin-anchored",
      "witness-quorum",
      "final"
    ],
    "rule": "States climb recorded -> sealed -> bitcoin-anchored -> witness-quorum -> final. A block is final only once its hash is confirmed in Bitcoin AND 2 witnesses on distinct registrable domains with distinct keys have cosigned it or any later block; each header commits to every earlier block."
  }
}