{
  "entry": {
    "seq": 200,
    "at": "2026-10-25T03:23:50.662Z",
    "type": "policy.sweep",
    "subject": "rightshold-production",
    "payload": {
      "break_even_lock_open": false,
      "cohort_stage": 1,
      "cost_guard_state": "yellow",
      "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": 164,
        "entries": 64
      },
      "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": "89302d95237696b91f6a6a965b20af80f979ae805cd9814a5ceef7622cc603c5"
    },
    "payload_hash": "c7adb690db8992299d87d83a6d328b1a8209ed23875c38ae3a9ed1b06815353c",
    "leaf_hash": "212168dc9fa17a67c8226b516e158d15db3ac586a29641fc8a65e5b7822af95a",
    "block_height": 164,
    "texts": {},
    "data": {
      "break_even_lock_open": false,
      "cohort_stage": 1,
      "cost_guard_state": "yellow",
      "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": 164,
        "entries": 64
      },
      "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": "89302d95237696b91f6a6a965b20af80f979ae805cd9814a5ceef7622cc603c5"
    }
  },
  "status": "sealed",
  "block": {
    "v": 1,
    "height": 164,
    "prev_hash": "d7b2b560076bea4ef1919902166699ef68a4f90eb83d8cc22cf918589c11b8d4",
    "merkle_root": "2395d810a93771fe1d497b94e7f2b522a2ad7b22aa3f31d7d3bc9937344df0ff",
    "first_seq": 200,
    "last_seq": 201,
    "entry_count": 2,
    "at": "2026-10-25T03:24:35.543Z",
    "key_id": "key_41eb7b6d1b11968a",
    "block_hash": "60d4f4c71de4cc208b707cbe56fd02d0574440668fa319a56685ce0334e6b895",
    "signature": "ynO8bto7SXoq83lNpxl96vLnw540JXDJSXrrAtjD0SPC8foeYrpCzPKBfRZV9Z6M0OEz8K2IBeUErSVi3lwYCQ==",
    "public_key_pem": "-----BEGIN PUBLIC KEY-----\nMCowBQYDK2VwAyEAEYWJAvPDwdwiByA4ucuPBAV0jLWwXGgtbZqbyrLNMiM=\n-----END PUBLIC KEY-----\n"
  },
  "proof": {
    "leaf_hash": "212168dc9fa17a67c8226b516e158d15db3ac586a29641fc8a65e5b7822af95a",
    "index": 0,
    "path": [
      {
        "side": "R",
        "hash": "b6631e3e5946763fcdce98a004e4096e1dacf5afc7414c8ee9a689abfbeb10a6"
      }
    ],
    "merkle_root": "2395d810a93771fe1d497b94e7f2b522a2ad7b22aa3f31d7d3bc9937344df0ff",
    "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": 973010,
      "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."
  }
}