on the composite.

the specimen's standing resolves at present to , a weighted sum of five scores: the membrane at thirty percent, the flow balance at twenty percent, the spread of the cells at twenty percent, the day's volume at fifteen percent, and the tenure of the pool at fifteen percent. each score runs from zero to one hundred and the composite inherits that range. it is recomputed on every overview poll, one sample every ten seconds, and the trailing one hundred and twenty samples are kept as a session history. the strip below shades that history left to right, oldest on the left and the present sample on the right, each cell darker as its value climbs. a reader who wants a single summary of the specimen can follow this strip and ignore everything else.

of the form.

the specimen presently holds the form sealed. forms follow the composite through five bands: dormant below twenty, stirring from twenty, molted from forty, ascendant from sixty, apex from eighty. a band is not crossed the instant the composite touches it. to rise the composite must clear the threshold by two points, to fall it must drop two points beneath it, and either reading must hold for six consecutive polls, one minute in all, before the form is reassigned. this keeps the specimen from flickering on a noisy edge. every reassignment is a molt and every molt is written to the capsule record with the composite that caused it and the instant it happened. the last molt is described beneath the capsule. the shell of the capsule takes the colour of the form, and it changes over twenty seconds so the observer sees the form arrive as a tint rather than a switch.

of the pulse.

the capsule breathes at beats per minute in . the rate comes from two exponentially weighted moving averages of traded usdg, one for intake and one for expulsion, each with a half life of five minutes, fed by every swap as it lands and decayed continuously between swaps. their sum is passed through a logarithm and a clamp onto a range of four to forty beats per minute, so a silent pool breathes slowly and never stops, and a pool moving hundreds of thousands of usdg an hour breathes as fast as the range allows. when intake exceeds expulsion the beat is called systole and the ring's ticks run forward; when expulsion exceeds intake it is diastole and the ticks run backward. the trace below reproduces one present cycle at the current rate.

of the cells.

the specimen is presently constituted of cells, the addresses holding a nonzero balance, of which the one hundred largest are treated as the tissue. each cell's share of circulating supply sets its size in the cloud inside the iris and its square in the map below. burn addresses and the zero address are excluded from cell counts and from the circulating figure, and the pool's own holding is excluded when it stands outside liquidity. the raw list, unedited, is reproduced in the intake column, and the cells are refreshed every thirty seconds from the holder index rather than on the ten second overview poll, because a cell divides more slowly than a price moves.

on the membrane.

the boundary between the specimen and its medium reads , the ratio of pool depth to market value. a piecewise map turns that ratio into the membrane score: a ratio of one half or more is full coherence at one hundred, a ratio of zero is porosity at zero, and the score runs linearly between. the membrane is the heaviest term in the composite, at thirty percent, because a shallow pool under a large valuation is the condition in which every other reading becomes unreliable. depth is read from the pool manager through the state view, converted to usdg at the present price on both sides of the range, and market value is price times circulating supply; both are refreshed on the ten second overview poll.

of the iris.

the aperture on the capsule opens to of its travel, tracking the composite directly: a composite of fifty opens the iris halfway. six blades slide outward along their bisectors and the opening eases toward its target over roughly twenty seconds, so a sudden change in the composite is seen as a slow dilation rather than a jump. through the open iris the core is visible, and over the core the cell cloud, one dot per cell placed on a golden angle spiral so that the hundred dots fill the disc without a pattern. a closed iris means the composite has fallen to zero or no reading exists. the seal, described in its own section, is the state in which the iris cannot open at all.

of the ring.

the band around the capsule carries thirty six ticks, one every ten degrees, and it turns at a rate set by the pulse: ten degrees per second at sixty beats per minute, scaled to the present rate, forward under systole and backward under diastole. three latches ride the band at fixed positions and do not turn; only the tick pattern advances. the band is drawn in two halves, the far half behind the shell and the near half over it, which is what makes it read as a ring in the round rather than a line on the surface. the ring is an instrument of direction, nothing else: its speed tells the observer how much is flowing and its sense tells which way.

of the spread.

concentration among the cells is measured three ways. the herfindahl index, the sum of squared shares across the one hundred largest, reads ; the nakamoto count, the fewest largest cells whose shares reach one half of circulating supply, reads ; and the entropy of the top hundred, in nats, reads . only the herfindahl enters the composite, as the spread score, one hundred times one minus ten times the index, clamped: an index of one tenth or worse scores zero, a perfectly flat hundred scores ninety. the other two are reported for the reader. all three are recomputed on the thirty second holder poll and reproduced in the table below with the score.

of toxicity.

the day's flow is resliced into fifty buckets of equal usdg notional and within each the absolute imbalance between intake and expulsion is taken as a fraction of the bucket. the mean of those fifty fractions is the vpin reading, , a measure of how one sided the flow has been at the scale of a bucket. a pool in which every bucket is nearly all buys or all sells reads near one; a pool of balanced two way flow reads near zero. the toxicity score is one hundred times one minus the reading and is not part of the composite; it is reported so that a high composite reached on one sided flow can be seen for what it is. the bucket fractions themselves are drawn in the intake column.

of tenure.

the pool was initialised days ago and the tenure score is that age against thirty days, clamped, so a pool a month old or older scores one hundred. tenure enters the composite at fifteen percent. it is the only term that can only rise, and it exists so that a specimen cannot reach apex in its first hour on any amount of flow: with tenure at zero the composite is capped at eighty five, and the apex band needs eighty two to be entered. the initialise event is read once from the chain and the age is a clock in the browser against its timestamp.

of the seal.

before a contract is bound to this capsule the specimen is sealed. in the sealed form the shell takes its dormant colour, the iris is shut, no cells are drawn, the ring does not turn and the capsule does not breathe. every heading, paragraph and figure on this page is rendered in the sealed form exactly as it is rendered afterward; only the readings are absent, and an absent reading is shown as an empty outlined space and never as a stand in value. the seal is broken by configuring the token address and the pool identifier, after which the first overview poll assigns a form and the first molt from sealed is logged.

the event register.

every molt, every start and stop of the index, and every failure of a poll is written to the capsule record with an instrument timestamp, and the most recent twelve entries are reproduced below. the full record is at capsule record. the record is append only; nothing in it is edited after the fact, and a poll that fails writes its failure as an entry rather than being silently retried.