A–Z
Fifteen terms, defined once.
- Audit log
- A permanent, hash-chained record of every decision and event in STAXIS. Hash-chaining makes the log tamper-evident. Retention: 3 years retail; 7 years qualified client / Enterprise.
- See: Hash-chain · Retired
- Brier score
- A measure of forecast accuracy. The mean squared difference between predicted probabilities and realized outcomes. Lower is better. We use Brier scores to track swarm performance over time in Calibration Reports.
- See: Calibration report
- Calibration report
- A monthly publication summarizing each swarm's predicted-vs-realized outcomes, governance stage transitions, and notable misses. Published the first Tuesday of every month.
- See: Brier score · Governance pipeline
- Canary
- A governance stage where a swarm runs on small real capital. Minimum 90 days. Brier scores monitored intensively before promotion to LIVE.
- See: Governance pipeline · Paper mode · Live
- Circuit breaker
- A daily technical risk control. At 2.5% realized daily loss, the swarm closes positions. At 3%, no new trades execute that day. Three-layer enforcement (Rust + Redis + Postgres).
- Important
This is a technical risk control, NOT a guarantee of maximum loss. Market gaps, slippage, exchange outages, or technical failures may cause losses exceeding 3%.
- See: Property-tested invariant
- Degraded
- A governance stage. A live swarm whose Brier score has regressed or whose realized drawdown has diverged from expected. Capital reduced or stopped. Outcome: fix-and-relaunch or retire.
- See: Governance pipeline
- Governance pipeline
- The five stages every swarm sits in: paper → canary → live → degraded → retired. Transitions documented monthly in Calibration Reports.
- See: Paper mode · Canary · Live · Degraded · Retired
- Hash-chain
- A cryptographic structure where each record contains the hash of the previous record. Any modification breaks the chain and is detectable.
- See: Audit log
- Live
- A governance stage where a swarm runs on full subscriber capital. Brier scores continuously monitored. Performance disclosed monthly.
- See: Governance pipeline
- Non-custodial
- An architecture where STAXIS does not hold customer funds. Funds remain in the user’s wallet or exchange account. STAXIS has only the minimum permissions needed to trade.
- Paper mode
- A governance stage (or user tier) where a swarm runs on real market data but with no real capital. Decisions recorded for evaluation.
- See: Governance pipeline · Canary
- Property-tested invariant
- A formal property automatically tested via randomized inputs. Used to validate breaker correctness and audit log integrity.
- See: Circuit breaker
- Qualified client
- Per SEC Advisers Act Rule 205-3 (effective June 29, 2026): an individual with US$2.7M+ net worth (excluding primary residence) OR US$1.4M+ AUM with the adviser charging the performance fee.
- Retired
- A governance stage. A swarm permanently archived; subscriptions closed; audit log preserved.
- See: Governance pipeline · Audit log
- Swarm
- A coordinated team of LLM-assisted agents executing a documented strategy with deterministic risk gating. Each swarm has a thesis, a governance stage, and a monthly Calibration Report.
- See: Governance pipeline · Calibration report
It grows with the platform
A term we missed?
If a term in a Calibration Report or in the docs isn’t defined here, tell us and we’ll add it precisely.