content(pricing): make the broker's spread explicit + unmix the two tracks (Marsh terms)

Operator, prepping the 2:30p Marsh intro: "make the broker's position rock solid, no need to
mix the tracks, /go/in-lane stays central." Two fixes:

1) BROKER ECONOMICS — set-your-own-spread (operator decision 2026-07-09). The terms made
   ThetaDriven's 10% transfer fee explicit but left the BROKER's margin implicit — so a broker
   couldn't see their P&L. Now stated everywhere: you buy at $20/agent-year, re-register to a
   client at whatever the market bears, and the spread is yours; ThetaDriven's ONLY cut is the
   10% re-registration fee, never your resale price. Fixed the two surfaces that still encoded
   the OTHER model ("earn/receive a share of the re-registration fee"): /agent-year Distribution
   line and contract 7.3; added contract 4.5 (holder sets resale price, spread is the holder's).

2) TRACK SEPARATION — the broker-track blocks (Transferable + Beyond Readiness) are grouped
   under a labeled "For brokers & distributors — a position, not a login" section BELOW the
   deployer self-serve flow, routing to /go/in-lane as the central broker artifact, so a deployer
   and a broker no longer read each other's copy interleaved.

Surfaces: src/app/pricing/page.tsx, src/app/agent-year/page.tsx, src/app/go/[slug]/page.tsx
(in-lane "why a broker wins"), docs/legal/agent-year-license-terms.md (4.5, 7.3).

Originating-Terminal: 📐 architect
Relevant-Rooms: 📐 architect, 🎩 operator, ☕ network
Story: The Marsh intro is a broker conversation; the broker's position only lands if their own
margin is on the page and their track isn't tangled with the deployer's. This makes the spread
the explicit answer to "how do I make money holding this" and keeps /go/in-lane central.
Persona-Intent: a broker (Marsh) reading the terms — they should see their P&L in one line (buy
at $20, set resale, keep the spread), understand this is a distribution POSITION distinct from the
deployer's self-serve license, and be routed to /go/in-lane for the full play — no track confusion.

Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
Claude-Session: https://claude.ai/code/session_018tpJjsH1wea3M4AxphN51P

commit 33d7531af — 144×144 lattice triptych (on-chip)

◎ the ingest chose A1,A2 — Strategy·Law × Strategy·Goal — acting on A1,B2 — Strategy·Law × Tactics·Deal (grip 0.781) · the walk starts at the ACTOR's row · 4 file(s)

⏱ ingest 651.5ms (corpus→lattice) · definer walk 1985ms (row→transpose→row, ballistic XOR per hop) · total 3075ms
ingest here = commit-scoped SENSING only (this commit's message + changed files → lit anchors) — deep seed authoring lives in the reef-self-loop, off the commit path

rows = ACTOR (lens) · cols = PATIENT (object) · diagonal = self-reference; ◎ at actor-row × patient-col — every panel, same orientation. Heat above the diagonal = actors ranking ShortLex-earlier than their patients (the walk follows definers uphill in rank).
The 12 canonical lanes (rows top→bottom, cols left→right): A·Strategy · B·Tactics · C·Operations · A1·Law · A2·Goal · A3·Fund · B1·Speed · B2·Deal · B3·Signal · C1·Grid · C2·Loop · C3·Flow

PAIR LATTICE (the map we normally see)

PRE-WALK SENSE · INTENT grid — the snapshot, no point of view

the no-point-of-view snapshot — what the sensor lit before any walk; the leaf walk below is what bridges the two grids

	ABC A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N A1–C3
ABC A1–C3 A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N

PRE-WALK SENSE · REALITY grid — the snapshot, no point of view

the no-point-of-view snapshot, reality side — same sensor law

	ABC A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N A1–C3
ABC A1–C3 A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N

PRE-WALK Δ · straight comparison of the two ingested grids (green both · cyan intent-only · amber reality-only) · 4% overlap · ◎ = where the competence pixel sits in the raw overlap

good = green overlap without being a copy — near-100% is self-similarity, not alignment

	ABC A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N A1–C3
ABC A1–C3 A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N

◎ the pixel this commit belongs to

A1,A2 — Strategy·Law × Strategy·Goal (actor) acting on A1,B2 — Strategy·Law × Tactics·Deal (patient) · grip 0.781

actor seed A1,A2 — Legal binding mandates and governance rules dictate how a quarterly goal position is occupied and secured. EU AI Act Article 14 requires human-on-the-loop oversight, with the supervisor able to interrupt the system at any moment. Compliance attaches to the artifact the artifact cannot escape — provenance is a regulatory primitive, not a feature. The target is the cell coordinate the system MUST occupy by end-of-quarter. Anything that does not drive toward that coordinate is exhaust, and exhaust does not become substrate by being labelled progress. Constraints precede objectives. The cap-table, the license text, the consent envelope — each draws the inviolate line the action must respect, and the line is enforced before the optimization runs. Vision is the coordinate the lattice rotates around — the fixed bearing every iteration is measured against. Without the fixed point, motion is movement; with the fixed point, motion is convergence. A rule names what the system MAY NOT do. If the agent can do X, then 'forbid X' is not the constraint — it is wishful thinking dressed as policy. Constraints live in the gate, not in the prompt. Define the goal as a verifiable predicate, not a feeling. The system terminates when the predicate evaluates true, and the predicate is what the next agent inherits when this one hands off. Regulation is not advisory. The fine is the price tag stapled to the omitted control; insurance is the option pricing on the failure-mode the regulation already named. A goal that cannot be tested is a wish. Wishes have no termination condition, so they consume budget forever; goals have a finish line and therefore a payable price.

patient seed A1,B2 — Binding rules in law regulate each deal exchange and negotiation rate through a governance article. EU AI Act Article 14 requires human-on-the-loop oversight, with the supervisor able to interrupt the system at any moment. Compliance attaches to the artifact the artifact cannot escape — provenance is a regulatory primitive, not a feature. Constraints precede objectives. The cap-table, the license text, the consent envelope — each draws the inviolate line the action must respect, and the line is enforced before the optimization runs. The deal sets the exchange rate between two value substrates. Mis-priced exchange is a slow-bleed; correctly priced exchange compounds both sides, because each cycle of trade enriches the bench on both ends. Terms are the API between two organizations — every clause is a contract method that survives the handshake. Renegotiation is the breaking change; the deal is the stable interface either side can build against. Negotiation closes at the moment both parties' BATNAs cross. Push past that point and you've bought regret at retail; stop short and you've left margin on the table that the next deal will not return to you. A signed counterparty is more valuable than an unsigned promise. The signature is the substrate; the conversation that preceded it is the exhaust the signature converted into substrate.

INTENT · leaf-walk clouds · BLUE→VIOLET by ply (◎ = the competence pixel: actor∩patient)

good = the clouds concentrate where the commit SAYS it works

	ABC A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N A1–C3
ABC A1–C3 A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N

REALITY · leaf-walk clouds · ORANGE→RED by ply (◎ = the same pixel — the shared perspective)

good = the same clouds as intent — shipped where declared

	ABC A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N A1–C3
ABC A1–C3 A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N

DELTA · graded cloud divergence (green agree · magenta declared-not-done · amber done-not-declared) · 2% agree

good = mostly green; magenta = said-not-done (chase it in the code), amber = done-not-said (chase it in the docs)

	ABC A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N A1–C3
ABC A1–C3 A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N

TOLERANCE · cloud topology (dim green in-shape · hot amber bleed · red orthogonal concentration) · ⚠ TOO MANY

red only matters above the flip — a few amber is normal bleed

	ABC A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N A1–C3
ABC A1–C3 A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N

SHORTLEX-3 PROJECTION (ABC · A1..C3 · the 132 children — candidate, pre-ratchet)

PROJECTED INTENT · the commit’s claims, head→axis_i tail→axis_j (cyan)

the three-length view — good = claims land inside their own zone

	ABC A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N A1–C3
ABC A1–C3 A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N

PROJECTED REALITY · same projection law (amber)

same projection law — good = reality occupies the zones intent does

	ABC A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N A1–C3
ABC A1–C3 A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N

STRAIGHT COMPARISON · green both · cyan intent-only · amber reality-only · 4% overlap

good = the zones agree; cross-zone scatter is the drift to read

	ABC A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N A1–C3
ABC A1–C3 A1A–O A2A–O A3A–O B1A–O B2A–O B3A–O C1A–N C2A–N C3A–N

shortlex-3 zone occupancy (lit cells per diagonal square)
INTENT: 0 in the 3×3 ABC corner · 6 in the 9×9 A1..C3 square · 1803 in the 132×132 children square · 284 cross-zone
REALITY: 0 in the 3×3 ABC corner · 3 in the 9×9 A1..C3 square · 1052 in the 132×132 children square · 151 cross-zone
axes: identical 144 ShortLex names both sides (symmetric); weights asymmetric
zone 3 = candidate children, pre-ratchet (repo-derived dumps not yet past the perturbation-probe gate) · intent 48 claims @ θ 0.625 · reality 37 claims @ θ 0.625 · projection 805ms

SHAPE-MATCH σ = -1.2 — the real intent↔reality definer walk vs random-reality (actual 0.0453 vs random 0.084). >0 = the walk distinguishes real alignment from noise; aggregate over independent walks → the divergent series.
σ_drift · noise · below zero — this read is noise, not a measurement

Most out-of-lane row: A · Strategy — that lane is drifting most (read the red band in that row).

Three-colour tolerance (out-of-lane = reality fires where intent is weak, in orthogonal blocks): green=in-lane agreement · amber=a few out-of-lane (tolerated) · red=FIRED — orthogonal out-of-lane 46% vs tolerance 25%.
410 green · 551 amber · 819 red · 675 XOR-friction cells.

Both axes = the 144 ShortLex anchors, cell=row⊕col, on the chip. INTENT=docs+rules · REALITY=code · DELTA=friction.

tile dump — what the SimHash matched on the diagonal (inspect the sensor; tap to expand)

A,A The lattice we build today is what next year's underwriter inherits.

intent 73% Operator, prepping the 2:30p Marsh intro: "make the broker's position rock solid, no need to mi

reality 75% license inventory as a distribution position. If that's you, the full play lives at{' '}

B,B Tactics is the choice of which leverage to pull at which beat.

intent 70% (no distinctive match)

reality 67% (no distinctive match)

C,C Operations is the loop that runs whether anyone watches.

intent 78% Surfaces: src/app/pricing/page.tsx, src/app/agent-year/page.tsx, src/app/go/[slug]/page.tsx (in

reality 77% (no distinctive match)

A1,A1 EU AI Act Article 14 requires human-on-the-loop oversight, with the supervisor able to interrupt the system at

intent 83% (no distinctive match)

reality 80% (no distinctive match)

A2,A2 The target is the cell coordinate the system MUST occupy by end-of-quarter.

intent 80% (no distinctive match)

reality 80% Everything above is the self-serve license a deployer buys to run agents. This is a different t

A3,A3 Every dollar builds either the floor (substrate that lifts future bets) or the ceiling (cap on the next round)

intent 73% (no distinctive match)

reality 73% (no distinctive match)

B1,B1 Latency is the price of a missed beat.

intent 75% (no distinctive match)

reality 77% the one that hands them the way back in. Distribution was always going to be somebody's po

B2,B2 The deal sets the exchange rate between two value substrates.

intent 80% (no distinctive match)

reality 75% (no distinctive match)

B3,B3 Signal-to-noise is the inverse cube of bandwidth — narrow the channel, the message arrives; broaden it, recipi

intent 80% ## 8. Nature of what is licensed 8.1 This is a license to an **attestation instrument** — not c

reality 72% deployer license; everything from here is the distribution POSITION. Broker economics =

C1,C1 Power flows where the grid lets it.

intent 70% (no distinctive match)

reality 77% (no distinctive match)

C2,C2 Each iteration is a hypothesis tested against the ground truth of the world.

intent 78% (no distinctive match)

reality 70% (no distinctive match)

C3,C3 Flow is the rate at which committed work crosses the finish line.

intent 75% (no distinctive match)

reality 72% (no distinctive match)

commit context — 4 file(s)

content(pricing): make the broker's spread explicit + unmix the two tracks (Marsh terms)

Operator, prepping the 2:30p Marsh intro: "make the broker's position rock solid, no need to
mix the tracks, /go/in-lane stays central." Two fixes:

1) BROKER ECONOMICS — set-your-own-spread (operator decision 2026-07-09). The terms made
   ThetaDriven's 10% transfer fee explicit but left the BROKER's margin implicit — so a broker
   couldn't see their P&L. Now stated everywhere: you buy at $20/agent-year, re-register to a
   client at whatever the market bears, and the spread is yours; ThetaDriven's ONLY cut is the
   10% re-registration fee, never your resale price. Fixed the two surfaces that still encoded
   the OTHER model ("earn/receive a share of the re-registration fee"): /agent-year Distribution
   line and contract 7.3; added contract 4.5 (holder sets resale price, spread is the holder's).

2) TRACK SEPARATION — the broker-track blocks (Transferable + Beyond Readiness) are grouped
   under a labeled "For brokers & distributors — a position, not a login" section BELOW the
   deployer self-serve flow, routing to /go/in-lane as the central broker artifact, so a deployer
   and a

docs/legal/agent-year-license-terms.md
src/app/agent-year/page.tsx
src/app/go/[slug]/page.tsx
src/app/pricing/page.tsx

Produced on the chip by the running pipeline (scripts/pmu/pipeline.mjs → runPipeline → walk + xor), commit-scoped · on-chip per-walk 533.45ns (this commit). Recompute: node scripts/pmu/commit-triptych.mjs --commit 33d7531af

Commit artifacts (open on a computer — Gmail mobile won't follow file:// links; the inline images above are the phone-viewable form): reef grid · this triptych · the HDL — all three are also attached to this email.