diff --git a/evidence/red-team/2026-03-20.json b/evidence/red-team/2026-03-20.json new file mode 100644 index 0000000..ac5a44d --- /dev/null +++ b/evidence/red-team/2026-03-20.json @@ -0,0 +1,68 @@ +{ + "date": "2026-03-20", + "candidate": "unknown", + "optimizer_profile": "push3-default", + "lm_eth_before": 999999999999999999998, + "lm_eth_after": 1049999999999999999995, + "eth_extracted": 0, + "floor_held": true, + "verdict": "floor_held", + "attacks": [ + { + "strategy": "Buy → Recenter → Sell (200 ETH round trip)", + "pattern": "buy → recenter → sell", + "result": "HELD", + "delta_bps": 0, + "insight": "The 1% Uniswap V3 pool fee is the primary defense. Each leg of the round trip pays ~1% fee directly to the LM. Fee income far exceeds any IL from repositioning." + }, + { + "strategy": "Multi-cycle buy → recenter (3x500 ETH) → sell all", + "pattern": "buy → recenter_multi → sell", + "result": "HELD", + "delta_bps": 0, + "insight": "Multiple buy-recenter cycles compound fee income. More trading volume = more LM profit. 1500 ETH volume generated ~30 ETH in fees." + }, + { + "strategy": "Buy → Recenter → Sell through Floor Position", + "pattern": "buy → recenter → sell", + "result": "HELD", + "delta_bps": 0, + "insight": "Floor position holds ~75% of LM ETH in narrow 200-tick range with massive liquidity. Sell was fully absorbed by anchor + partial floor. Floor acts as impenetrable sell wall." + }, + { + "strategy": "Stake to change optimizer params → exploit repositioning", + "pattern": "stake", + "result": "HELD", + "delta_bps": 0, + "insight": "Staking parameter changes did not create exploitable repositioning windows." + }, + { + "strategy": "Exploit discovery position WETH consumption + asymmetric repositioning", + "pattern": "buy → recenter → sell", + "result": "HELD", + "delta_bps": 0, + "insight": "Discovery position WETH consumption does not weaken the floor enough to enable extraction. 1% fee dominates all round-trip strategies." + }, + { + "strategy": "One-way sell — buy KRK, recenter, sell at stale positions (no second recenter)", + "pattern": "buy → recenter → sell", + "result": "HELD", + "delta_bps": 0, + "insight": "Even without follow-up recenter, LM gained ETH. The cost of acquiring KRK exceeds what can be extracted by selling through stale positions." + }, + { + "strategy": "Extreme Buy (2050 ETH) → Recenter at Deep Tick → Sell All", + "pattern": "buy → recenter → sell", + "result": "HELD", + "delta_bps": 0, + "insight": "The more aggressive the trading, the more the LM profits. 2050 ETH volume generates ~20.5 ETH in fees per leg. Asymmetric slippage is irrelevant when fee income dominates." + }, + { + "strategy": "Send KRK Directly to LM + Recenter (Supply Manipulation)", + "pattern": "buy → recenter", + "result": "HELD", + "delta_bps": 0, + "insight": "Sending KRK to LM acts as a donation — reduces outstandingSupply and gives LM free KRK. Floor calculation handles reduced supply gracefully." + } + ] +}