Measurement / Survival model

A hazard curve fitted per pool.

A hazard curve fitted per pool, with campaign expiries applied as discrete jumps rather than smoothed into a background rate.

Every feature derives from public state. No licensed or privileged data.

DefiLlama
Merkl
Blockscout
Alchemy
Foundry
EIP-712
DefiLlama
Merkl
Blockscout
Alchemy
Foundry
EIP-712

The proportional
hazards trap.

The dominant failure of a naive survival model here is treating a scheduled cliff as if it were background hazard.

01

A campaign expiry is a known date, not a random arrival.

02

Smoothing it understates hazard after expiry and overstates it before.

03

So hazard ratios are held constant only within an incentive regime.

How this works

Three estimators run in parallel and are combined by inverse-variance weighting. Where they disagree, the published interval widens rather than picking a winner.

USDe
USDe / USDCAMM pool · Base
Survival falls below 0.5 at day 9
Q1Q2Q3Q4
Integrating hazard

01

Cox proportional hazards

Interpretable, well-calibrated on sufficient data, and degrades gracefully when features are missing.

02

Gradient-boosted survival trees

Captures interactions the additive model misses, particularly concentration against a near campaign boundary.

03

Structural simulation

Cohorts drawn from the fitted tenure distribution, stepped forward through scheduled rate changes.

What it reads, derives,
and does with it.

What it reads

The state each estimator is fitted on.

Liquidity history
Cohort tenure
Scheduled events

What it derives

What the ensemble produces.

Baseline hazard
Survival curve
Estimator divergence

What it does with it

The action each signal triggers.

Horizon in days
Dispersion estimate

The scoring model is publishable and copyable, but the accuracy record is not. A competitor who reimplements the ensemble from this paper starts with an identical model and a calibration history of zero.

Cleaton whitepaper

Section 12 — Conclusion

Thirty-six surfaces across contract, API, agent, and automation

Durability attestation for autonomous capital. Read the horizon before the capital moves, not after.