How it works
Ledger and reconciliation
The ledger mirrors protocol state into an append-only account history.
Ledger events
The ledger records deposits, sweeps, opens, closes, liquidations, fees, queued payouts, withdrawals, failed relays, and correction events.
Reconciliation
Reconciliation jobs compare app-derived state with PaperTrade and on-chain events. The UI displays derived balances from reconciled state, while the protocol remains the source of truth for executed positions and settlement.