Methodology

• Subnets are screened by size, stability, flow and age.
• Holdings are weighted by pool depth within concentration limits.
• The basket holds about 10 subnets.
• A 5% reserve is staked on root.
• Unallocated TAO is staked to root until deployed, shown as Root (awaiting deployment). Buys are funded by unstaking from it when they execute.
• NAV per SWELL divides NAV by a fixed paper supply from the genesis tranches (paper, not issued). After genesis, new SWELL is minted at backing, so the genesis value is the starting point for performance. How genesis works
• Stake is delegated to tao.bot, with disclosed fallbacks: Kraken, then the eligible validator with the highest estimated delegator yield after take.

This is a paper record. Harbor is simulated: trades are simulated against live pool state read from a local Subtensor node, including slippage and fees. Staking yield is modelled and reported separately from price-only NAV.