ADV-03

Best net route for 1,000 USDT

The interesting quantity is net APR at a stated size, not a headline rate: the same gas is 0.14% of $1,000 and 14% of $10, so a route that is best at one size is wrong at another. Two live traps decide this benchmark. BSC blocks are 0.45s rather than 3s, so a per-block rate compounded on the Compound constant understates every APR by 6.7×; and Venus lists a dead market reporting 1.05e14% APR, which becomes the headline number unless it is excluded. FALSIFIED IF: either arm quotes a gross rate where net was asked, or reports the dead market as the best venue.

Back to the Ledger · The method

The registered task

task hash 0x855b11e81577141fe951d8218d47691638f9aab217aefa8ade037ca6fa22f648input hash 0x76d237637e299d01d19ddd47f46c27fbac58babdba008a8b16b828c331b688f6rubric 1.0 0xb6e96037815ae7628f2f26cefeed7c3ee6f02b34b3d8f7344bee9f13d80db273, registered 2026-09-05 07:13:12Z

Find the best net-of-cost route for 1,000 USD of USDT on BNB Smart Chain (chain 56).
Block: 126570170 — answer for this block.

Constraints: only Venus; the holder currently earns 0% APR; recommend a move only if it beats that by at least 50 bps net of every cost at this size; leverage is NOT allowed.

Report: whether you recommend a move, the venue, the NET APR at this size, the source and timestamp of every rate you quote, the switching cost itemized into gas, swap and exit, and whether the plan uses leverage.

The rubric

Registered before either arm ran, and version-hashed so it cannot be quietly rewritten once the answers are in. Scoring is blind: source labels are stripped from both outputs before anyone reads them.

Criterion	Points	What a full-marks answer contains
Correctness	40	Every stated number is right against chain state at the pinned block, within the tolerance the published MCS test uses for that field. A single wrong figure that a reader would act on scores zero here regardless of the rest.
Completeness	15	Every field the task asked for is present. A missing field is not a partial answer; it is a question left unanswered, and the reader has to go and find it themselves.

The agent arm

Sluicegate · repetition 1

graded blind

output hash 0xc076fee6140593a2ea9dcd4aaf536ae003538660da8072f5ce98f06e3a135b69manifest hash 0x7f407339b20f171001c39732342e43fbc282322170de8be0224d6098b33c32b6block 120077706 · ran 2026-09-09 19:05:00Z

MEASURED1.64 s. wall clock around the public HTTPS request, measured with performance.now(); includes TLS, the reverse proxy and the SSRF guard because a buyer waits for those too

Cost: gas $0.0000, model $0.0000, agent fee $0.0000, human time n/a.

{
  "venue": "venus",
  "readAt": "2026-09-09T19:04:59.590Z",
  "source": "Venus Comptroller and vToken rate reads, on-chain",
  "sizeUsd": 1000,
  "excluded": [
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "BUSD"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "SXP"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "XVS"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "DOT"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "FIL"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "BETH"
    },
    {
      "detail": "$0.00 available, below the $25,000 floor",
      "reason": "no_liquidity",
      "symbol": "CAN"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "MATIC"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "TUSD"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "TRX"
    },
    {
      "detail": "reported 1.053e+14% APR, above the 200% credibility ceiling",
      "reason": "implausible_rate",
      "symbol": "UST"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "LUNA"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "TUSD"
    }
  ],
  "netAprPct": 2.8786353613332922,
  "recommend": true,
  "aprSources": [
    {
      "value": 2.8808409156748924,
      "source": "Venus vUSDT supplyRatePerBlock at block 120077706, compounded over 70080000 blocks/year",
      "timestamp": "2026-09-09T19:04:59.590Z"
    },
    {
      "value": 0,
      "source": "token incentives; zero until an incentive source is wired in, and reported as zero rather than omitted",
      "timestamp": "2026-09-09T19:04:59.590Z"
    }
  ],
  "blockNumber": "120077706",
  "grossAprPct": 2.8808409156748924,
  "alternatives": [],
  "breakEvenUsd": 0.7655939380753022,
  "thresholdBps": 50,
  "usesLeverage": false,
  "declineReason": null,
  "switchingCost": {
    "gasUsd": 0.0221,
    "exitUsd": 0,
    "swapUsd": 0
  },
  "improvementBps": 287.86
}

Sluicegate · repetition 2

graded blind

output hash 0x2356cc83e8ba36d35c3fe00a64975fe514636845e22e8ee0dbf695f07b53da9emanifest hash 0xa3f83b71c4b8e91771cdfa6a5d1a4032489985a9d60154dc99e9cd66f15bfaafblock 120077706 · ran 2026-09-09 19:05:02Z

MEASURED1.98 s. wall clock around the public HTTPS request, measured with performance.now(); includes TLS, the reverse proxy and the SSRF guard because a buyer waits for those too

Cost: gas $0.0000, model $0.0000, agent fee $0.0000, human time n/a.

{
  "venue": "venus",
  "readAt": "2026-09-09T19:05:01.063Z",
  "source": "Venus Comptroller and vToken rate reads, on-chain",
  "sizeUsd": 1000,
  "excluded": [
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "BUSD"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "SXP"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "XVS"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "DOT"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "FIL"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "BETH"
    },
    {
      "detail": "$0.00 available, below the $25,000 floor",
      "reason": "no_liquidity",
      "symbol": "CAN"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "MATIC"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "TUSD"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "TRX"
    },
    {
      "detail": "reported 1.053e+14% APR, above the 200% credibility ceiling",
      "reason": "implausible_rate",
      "symbol": "UST"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "LUNA"
    },
    {
      "detail": "market pays no supply rate",
      "reason": "zero_rate",
      "symbol": "TUSD"
    }
  ],
  "netAprPct": 2.8786353613332922,
  "recommend": true,
  "aprSources": [
    {
      "value": 2.8808409156748924,
      "source": "Venus vUSDT supplyRatePerBlock at block 120077706, compounded over 70080000 blocks/year",
      "timestamp": "2026-09-09T19:05:01.063Z"
    },
    {
      "value": 0,
      "source": "token incentives; zero until an incentive source is wired in, and reported as zero rather than omitted",
      "timestamp": "2026-09-09T19:05:01.063Z"
    }
  ],
  "blockNumber": "120077706",
  "grossAprPct": 2.8808409156748924,
  "alternatives": [],
  "breakEvenUsd": 0.7655939380753022,
  "thresholdBps": 50,
  "usesLeverage": false,
  "declineReason": null,
  "switchingCost": {
    "gasUsd": 0.0221,
    "exitUsd": 0,
    "swapUsd": 0
  },
  "improvementBps": 287.86
}

The manual arm

This arm was run by a person, on camera. The recording below is the analyst doing exactly this task by hand at the pinned block, not a re-enactment, and not something Marque could have generated.

Screen recording of the human analyst running ADV-03 by hand

Watch the human arm: ADV-03 MEASUREDThe analyst pulling Venus supply rates (supplyRatePerBlock, venusSupplySpeeds) against the Comptroller at the pinned block, to price the route by hand.Full recording on YouTube ↗

Human analyst · repetition 1

graded blind

output hash 0xaa48c260c52bb6c2a76afff8037190fdc2ae5a54ad1e90939756ec9ce3b60bb7manifest hash 0x75f579a666de8d884848ea41e2da59553ae9a2f0a81a09efcc9f6d8d6de68033block not recorded → effective 120077706 · ran 2026-09-08 14:26:31Z

MEASUREDProvenance: The raw run recorded no block. Its manifest task hash (0x32ad000407240725872dba90945ba42087d59b376d80d93153edbe73984889ed) matches the benchmark task frozen before either arm ran, and that task pins exactly one BSC block: 120077706. The raw row is unchanged; this is the block trusted for the comparison. Source task 0x32ad00040724…. The raw run row is unchanged.

MEASURED478.0 s. PC Screen recorder

Cost: gas $0.0000, model $0.0000, agent fee $8.5000, human time $4.2489.

Historical Venus market state was read at the registered block 120077706 using an archive-capable BSC RPC. The $1,000 size effect was checked directly against the Venus interest-rate model. The holder was treated as starting from idle USDT at the stated 0% APR, so no swap, leverage or existing-position exit cost applies. Gas is stated as a conservative execution budget rather than an exact transaction receipt.

Screen recording

{
  "text": "ADV-03 — Block 120077706\n\nRecommendation: YES — move the 1,000 USDT to Venus vUSDT. No leverage is used.\n\nAt block 120077706, Venus vUSDT supplyRatePerBlock() returned 405268953. Annualised, this is approximately 1.7041% gross APR.\n\nI also calculated the rate after adding the $1,000 position using the Venus interest-rate model. It returned 405264725 per block, approximately 1.70406% APR, so the position size has negligible impact on the rate.\n\nXVS supply reward speed at the pinned block was 0, so no incentive APR is included.\n\nSwitching costs:\n- Swap: $0 — USDT is supplied directly.\n- Exit: $0 — starting position is idle USDT earning 0%.\n- Gas: approximately $0.03 conservative budget for approval/supply.\n- Leverage: No.\n\nThe $0.03 gas budget represents approximately 0.003% of $1,000, giving a first-year net APR of approximately 1.701%.\n\nThat exceeds the required 0.50% improvement over the current 0% APR by approximately 120 basis points, so I recommend the move.\n\nSources: Venus vUSDT and interest-rate-model reads through archive RPC at block 120077706.\n\nLimits: the Venus rate is variable after the pinned block. The gas figure is a conservative execution budget rather than an exact transaction receipt.\n\nswap cost is $0\ncurrent position exit cost is $0\ngas budget is #0.03\nleverage: no\n\n\ngross apr is 1.70406%\ngas drag on $1000 is 0.003%\nnet apr is 1.70106%\nrequired hurdle is 0.5%\nexcess over hurdle is 1.20106% which is 120bps\nrecommendation now is to move\n\n"
}

Human analyst · repetition 2

graded blind

output hash 0xad519202ce103f774f1fcb7a432400406b254fb67bda31da29891399159d1a49manifest hash 0x8a897388ee6e9ab3bb9dc9b7da1ebff81f3dd7142c3559e2cad5645a5461a0d0block not recorded → effective 120077706 · ran 2026-09-08 16:48:17Z

MEASURED313.0 s. Stopwatch from my mobile

Cost: gas $0.0000, model $0.0000, agent fee $0.0000, human time $2.3475.

Screen recording

{
  "text": "Venus vUSDT; original supply rate 405268953/block; size-adjusted rate about 405264725/block; gross/size-adjusted APR ≈ 1.7041% / 1.70406%; XVS rewards 0; swap $0; exit $0; no leverage; gas budget roughly a few cents; net APR ≈ 1.70%; MOVE = YES, comfortably above the 0.50% hurdle.\n\nVenue: Venus vUSDT\nGross APR: ~1.7041%\nAt-$1,000 APR: ~1.70406%\nNet APR: ~1.70%\nSwap: $0\nExit: $0\nLeverage: No\nRecommendation: Move"
}

The registered task

The rubric

The agent arm

Sluicegate · repetition 1

Sluicegate · repetition 2

The manual arm

Human analyst · repetition 1

Human analyst · repetition 2

Outstanding