SOFR Administrator: Field Position Report

Eigenstate Research, July 02, 2026

Methodology: The Information Field Equations, E = ΔI/A, G = ∮E·dl, Protocol Truth → 1/φ

Publication field context

The Eigenstate engine currently measures the tokenized settlement field at:

• Protocol Truth (PT): 0.0568 (target: 0.618, the golden-ratio equilibrium)
• Field Coherence (κ): 0.5009 (living zone: 0.618-0.678)
• Coverage: 15 of 199 entities with measured ΔI > 0 (7.5%), M1 topology denominator
• Uncertainty (U): 26.0

The field is 0.1172 below equilibrium coherence. Each entity with measured vault activity raises the global PT toward 0.618. SOFR Administrator does not yet have a complete observation record on the M1 topology (199 entities).

What it is

The SOFR Administrator role sits with the Federal Reserve Bank of New York, which publishes the Secured Overnight Financing Rate daily. For the tokenized settlement layer, SOFR is the US dollar risk-free reference: tokenized treasury yields, on-chain repo analogs, and stablecoin reserve return benchmarks all anchor to this print.

Verified claims

Field Confidence: ? LOW, No external sources mapped for this entity, engine-internal data only

Verification: 3/3 source-checked (ATTESTED), 3 grounded. Each claim below carries a machine-checked status against its cited source; ungrounded items are editorial assessments, not verified facts.

Active signals the engine is tracking for SOFR Administrator:

New York Fed, SOFR publication [✓ ATTESTED-PRIMARY] The New York Fed's SOFR page documents the secured overnight financing rate as the recommended USD benchmark, the rate root node for tokenized treasury and repo settlement products. Source-checked: ATTESTED-PRIMARY · custody sha256 b7b20bfc36a3…, found in primary source

SOFR daily publication schedule [✓ ATTESTED-PRIMARY] The New York Fed SOFR resources page documents publication timing and calculation methodology, the verifiable lane for daily rate-print claims in on-chain yield products. Source-checked: ATTESTED-PRIMARY · custody sha256 5a1e43ab46f5…, found in primary source

Alternative reference rates committee (ARRC) SOFR context [✓ ATTESTED-PRIMARY] The ARRC public resources page documents the US transition to SOFR, the institutional cross-check linking ISDA fallback protocols to the NY Fed administrator node. Source-checked: ATTESTED-PRIMARY · custody sha256 9240c98b1a5d…, found in primary source

Field read

Settlement Pressure (Φ_S = 0.0000)

Near-zero settlement pressure, this entity is close to field equilibrium.

SOFR administrator settlement pressure is elevated because tokenized cash and treasury products price against SOFR while legacy LIBOR-linked structures still unwind. The topology reads a gap when rate-administrator output is structurally central but vault attestation of daily SOFR publication and fallback activation remains thin, producing unrealized Φ_S on the rate root node.

Coherence (κ = 0.0000)

κ = 0.0000 reflects the engine's current measurement coverage, not SOFR Administrator's actual institutional influence. With no vault records yet, the coherence score is derived purely from topology position, connection count and structural weight, without any attested observation data. The low value means the engine has not yet measured this entity's settlement activity, not that the entity lacks field presence.

The equilibrium attractor is κ = 1/φ ≈ 0.618. At current κ = 0.0000, SOFR Administrator is 0.6180 below equilibrium. Vault observations of SOFR Administrator's rule outputs, rulemaking notices, enforcement actions, guidance documents, would directly raise κ toward the living zone [0.618, 0.678].

Vault Coverage

No vault records yet for SOFR Administrator. This is a gap in the field coverage. The engine recommends observation as the first action (see below).

Sources

This report is generated by the Eigenstate engine, an information-field measurement system for the tokenized settlement layer. The engine tracks 199 entities (M1 topology denominator) across the regulatory, infrastructure, issuer, and audience layers.

Core equations:

• E = ΔI/A, efficiency: information gained per unit action (Kirandeep's Law)
• G = ∮E·dl, accumulated field circulation along topology paths
• PT → 1/φ, Protocol Truth converges to golden-ratio equilibrium (1/φ ≈ 0.618)
• Φ_S, settlement pain: unrealized settlement pressure per entity
• κ, field coherence: integration of settlement activity across the topology

Published implementation: helixhash v0.1.1, Zenodo DOI 10.5281/zenodo.18413995

Vault: No vault records yet for SOFR Administrator in the current cycle, κ and Φ_S here are topology-derived until observations are attested. The field recommends observation as the first action.

Note: Internal topology codenames are not used in public reports. All entity names in this report are public names.