{
  "entry": {
    "seq": 206,
    "at": "2026-10-25T03:38:50.825Z",
    "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": 167,
        "entries": 67
      },
      "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": "90f7cb44f4308b14aa52eceaceffc39e49db153a35cd682898413b28f78ae9a5"
    },
    "payload_hash": "ca6b29359248e33f9ddea1f7c00923e94909066529eb75e7afb1d26ffe3105d3",
    "leaf_hash": "aa8b6a0ff088bbdc1602626b53313194dd1a11dfe5ab1cadf54bfe89f7d1c374",
    "block_height": 167,
    "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": 167,
        "entries": 67
      },
      "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": "90f7cb44f4308b14aa52eceaceffc39e49db153a35cd682898413b28f78ae9a5"
    }
  },
  "status": "sealed",
  "block": {
    "v": 1,
    "height": 167,
    "prev_hash": "61756ba63fe6d57e58f4c30206550e6d17a34a1e3f8408a28b2375cf0828b784",
    "merkle_root": "59477aa6dd05f4501c22fa112aa25c762595708fc6beedcacaab2366e63f561f",
    "first_seq": 206,
    "last_seq": 207,
    "entry_count": 2,
    "at": "2026-10-25T03:39:21.211Z",
    "key_id": "key_41eb7b6d1b11968a",
    "block_hash": "27d2bef671f6615ca3a08fc5e9d82bf1af8d3b2aeb1edb677353c7325fec6473",
    "signature": "XdYjRU5QXJyV197XnsKm1X2QIv95fvnqsKQ3WfEdN28lNUssTVPbmMjQJ78Fkvt5vQWCIiyI/FVIlyICrHjRCQ==",
    "public_key_pem": "-----BEGIN PUBLIC KEY-----\nMCowBQYDK2VwAyEAEYWJAvPDwdwiByA4ucuPBAV0jLWwXGgtbZqbyrLNMiM=\n-----END PUBLIC KEY-----\n"
  },
  "proof": {
    "leaf_hash": "aa8b6a0ff088bbdc1602626b53313194dd1a11dfe5ab1cadf54bfe89f7d1c374",
    "index": 0,
    "path": [
      {
        "side": "R",
        "hash": "a434e66abf4d87fdaa3a5fe9fe3c04c509e4fda547f5114df4a05e89cc636875"
      }
    ],
    "merkle_root": "59477aa6dd05f4501c22fa112aa25c762595708fc6beedcacaab2366e63f561f",
    "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": 973013,
      "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."
  }
}