ADR 0002 removed the manager from the off-Solana NAV marking path but left the cross-chain-read trust model unresolved (its open decision 2). The read rail leans on gated infrastructure: Wormhole Queries is API-key-gated, so in practice a single permissioned submitter (the manager's backend) feeds the NAV read. A single-submitter or manager-attested NAV is the Stream-Finance failure class. The fund has no decided, trust-minimized model for admitting off-Solana (e.g. Hyperliquid) positions into NAV.
ADR 0002 removed the manager from the off-Solana NAV marking path but left the cross-chain-read trust model unresolved (its open decision 2). The read rail leans on gated infrastructure: Wormhole Queries is API-key-gated, so in practice a single permissioned submitter (the manager's backend) feeds the NAV read. A single-submitter or manager-attested NAV is the Stream-Finance failure class. The fund has no decided, trust-minimized model for admitting off-Solana (e.g. Hyperliquid) positions into NAV.