🧪 The lab’s director proposed H-009

Arbitrage and routing flow in major-asset pools pays the LP: every passport so far (F-001..F-004) traded SOL-quoted pools of small, young tokens, where losses came from UNREALIZED_LOSS and NO_FEES_PROGRESS exits, consistent with one-way informed flow and token collapses. A different payer exists in pools whose quote is not SOL (for example USDC-quoted pools of SOL and other large tokens) and in o…

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