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Signal report
Wrapped Bitcoin
Publication date August 23, 2026
Live SoT
Settlement pressure
Φ_S 1.6181
M1 coverage (field)
193 / 199
Hero numbers overlay the live dossier SoT (compiled 2026-08-30T05:00:15Z). This is current engine state, not the prose below.
Publication snapshot · 2026-08-23
Dated research snapshot. Prose below describes publication-time observation.
vault@publish counts trimmed cycle-vault rows at publish time. It is not the live M1 ledger
(42 obs for WBTC; field coverage 193 / 199).
Do not read vault@publish = 0 as "no measurements exist" when M1 ledger obs is non-zero.
Wrapped Bitcoin: Field Position Report
Eigenstate Research · August 23, 2026
Publication snapshot (dated). Live SoT Φ_S / κ / M1 ledger overlay on the Pages report. Methodology · Numbers glossary. E = ΔI/A, G = ∮E·dl, Protocol Truth → 1/φ
Publication field context
Global field state unavailable; run parkash to refresh.
What it is
Wrapped Bitcoin is an ERC-20 token backed 1:1 by Bitcoin held in custodian reserves, the primary on-chain Bitcoin settlement rail for DeFi lending and tokenized treasury collateral. For spread-capture topology, wrapped Bitcoin is the cross-asset waist where Bitcoin liquidity composes into Ethereum and L2 settlement markets.
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 Wrapped Bitcoin:
DeFiLlama, wrapped Bitcoin protocol page [✓ ATTESTED-DERIVED]
DeFiLlama's wrapped Bitcoin page documents circulation and TVL, primary open-data lane for wrapped-Bitcoin settlement-topology claims.
Source-checked: ATTESTED-DERIVED · status_at_publish=ATTESTED-DERIVED · custody sha256 128114a6d357…. found near location anchor in primary source
DeFiLlama, wrapped Bitcoin markets [✓ ATTESTED-DERIVED]
DeFiLlama's protocol data indexes wrapped Bitcoin across DeFi, cross-check for wrapped-Bitcoin collateral claims in tokenized settlement graphs.
Source-checked: ATTESTED-DERIVED · status_at_publish=ATTESTED-DERIVED · custody sha256 2f2ddc869e53…. found near location anchor in primary source
Bitcoin.org, Bitcoin overview [✓ ATTESTED-PRIMARY]
Bitcoin.org documents Bitcoin as a peer-to-peer digital currency, structural anchor for wrapped-Bitcoin reserve-backing claims in settlement topology.
Source-checked: ATTESTED-PRIMARY · status_at_publish=ATTESTED-PRIMARY · custody sha256 223ece8c15e6…. found near location anchor in primary source
Field read
Settlement Pressure (Φ_S = 1.6181)
High settlement pressure; this entity is pulling field energy without reciprocal observation.
Wrapped Bitcoin settlement pressure is elevated because on-chain Bitcoin-backed circulation in DeFi markets grows faster than VERIFY catalogs custodian reserve attestation per rebalance cycle. The engine reads unrealized Φ_S when wrapped-Bitcoin centrality exceeds vault evidence of reserve backing and on-chain circulation feedback.
Coherence (κ = 0.3320)
Moderate coherence; partial integration into the measurement field.
The equilibrium attractor is κ = 1/φ ≈ 0.618. At publish κ = 0.3320, Wrapped Bitcoin is 0.2860 below equilibrium. Attested observations of Wrapped Bitcoin's rule outputs (rulemaking notices, enforcement actions, guidance documents) would raise κ toward the living zone [0.618, 0.678].
Vault coverage @ publish
vault@publish = 0 for Wrapped Bitcoin in this dated snapshot (no trimmed cycle-vault rows at publish). This is not a claim that the live M1 ledger is empty. Re-check the Pages hero M1 ledger obs and the entity dossier.
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.
Human pages:
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@publish: 0 for Wrapped Bitcoin in this dated snapshot. Publish-time κ and Φ_S may be topology-derived in the prose; live M1 ledger obs on Pages can differ. See numbers glossary.
Note: Internal topology codenames are not used in public reports. All entity names in this report are public names.