The KHONSU strategy: an engine that knows how to stop
No real order placed: an explanation, not a promise.
The mechanism
LongThe crypto-asset, held spotgains when the price rises
+
ShortIts perpetual contract, sold shortgains when the price falls
=
PriceNeutral exposurethe two legs offset each other
Perpetual buyerspay the funding→ the pocket
The same crypto-asset on both sides; no particular token is named. When funding turns negative, the pocket pays it.
The circuit breaker
At −10% on the pocket, the circuit breaker arms itself. Armed, it refuses any new entry, and its arming is written to the log, time-stamped. It never restarts on its own: disarming is a recorded act.
What the engine refuses
It names no instrument: personal recommendation is locked.
It stops the pocket at −10%, by itself.
It opens no subscription on an event that is not a payment.
It lets nothing pass silently: every payment event received is written to the log, even when set aside.