{
  "experimentId": "amm-divergence-versus-holding",
  "inputs": {
    "finalPrice": 4000,
    "horizon": 30,
    "initialPrice": 2000,
    "principal": 10000
  },
  "modelVersion": "yieldguard-experiments-1.2.0",
  "receipt": {
    "id": "47cb149c549860b06b2f1700a6a0cd9a9260767211edd17ae8769efd9402d1ca",
    "request": {
      "operation": "run",
      "experimentId": "amm-divergence-versus-holding",
      "inputs": {
        "finalPrice": 4000,
        "horizon": 30,
        "initialPrice": 2000,
        "principal": 10000
      },
      "seed": 42,
      "startDate": "2026-01-01"
    },
    "inputHash": "9f13c316073a0f9c5b757b1f597f3db10d7492ba862b5ee0d52977210525ec66",
    "disturbanceHash": "0b88a213fa0eeb8c148e9bc7d9b12a1305c9e18e1b7271f69c5604d14af0b0bc",
    "evidence": [
      {
        "class": "assumption",
        "source": "Prepared illustrative inputs: amm-divergence-versus-holding",
        "observationDate": "not observed",
        "transformation": "Fee-free full-range 50/50 constant-product algebra; fixed-USD quote asset; entered price ratio and linear scenario interpolation; no forecast.",
        "status": "illustrative"
      }
    ],
    "limitations": [
      "Illustrative user assumptions; no live market data or calibrated forecast.",
      "Results apply only to the declared mechanisms, horizon and search bounds.",
      "Exact declared model: x*y=k, initially equal USD values, one fixed-USD quote asset, immediate arbitrage, constant liquidity ownership and zero trading fees or incentives. This is not concentrated liquidity or a protocol return forecast.",
      "Initial investment must be positive and the final/initial price ratio must be between 0.01 and 100. The displayed price path is an assumed linear interpolation. Values are not settled cash. Source: https://app.uniswap.org/whitepaper.pdf",
      "No market refresh, AI calculation, trade execution or forecast calibration.",
      "Receipts are content-addressed local calculation records, not externally signed attestations.",
      "Deterministic calculation: the seed is recorded for the common receipt contract; this experiment samples no random disturbances."
    ]
  },
  "metrics": [
    {
      "key": "poolValue",
      "label": "Terminal constant-product position value",
      "value": 14142.14,
      "unit": "USD"
    },
    {
      "key": "holdingValue",
      "label": "Terminal value of original holdings",
      "value": 15000,
      "unit": "USD"
    },
    {
      "key": "divergence",
      "label": "Pool value minus holding value",
      "value": -857.86,
      "unit": "USD"
    },
    {
      "key": "relativeDifference",
      "label": "Difference relative to holding",
      "value": -5.719095841793653,
      "unit": "%"
    },
    {
      "key": "terminalTokenUnits",
      "label": "Volatile tokens in the final pool share",
      "value": 1.7677669529663687,
      "unit": "tokens"
    },
    {
      "key": "minimumValue",
      "label": "Minimum modelled value",
      "value": 10000,
      "unit": "USD"
    },
    {
      "key": "finalValue",
      "label": "Final modelled value",
      "value": 14142.14,
      "unit": "USD"
    }
  ],
  "interpretation": "The fee-free constant-product position is compared with holding the same initial assets. Relative divergence is not necessarily an absolute loss: both positions may gain in USD. The path is an entered scenario, not a forecast.",
  "warnings": [
    "Illustrative assumptions; no live data or forecast calibration.",
    "Illustrative user assumptions; no live market data or calibrated forecast.",
    "Results apply only to the declared mechanisms, horizon and search bounds.",
    "Exact declared model: x*y=k, initially equal USD values, one fixed-USD quote asset, immediate arbitrage, constant liquidity ownership and zero trading fees or incentives. This is not concentrated liquidity or a protocol return forecast.",
    "Initial investment must be positive and the final/initial price ratio must be between 0.01 and 100. The displayed price path is an assumed linear interpolation. Values are not settled cash. Source: https://app.uniswap.org/whitepaper.pdf",
    "Timeline is a value series, not settlement availability. Cash-funding feasibility is not assessed."
  ],
  "timelineKind": "value",
  "feasibilityAssessed": false,
  "feasible": true
}