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When the Market Learns the Rule: Front-Running the Backstop

This story is from 2026-09-20. It is preserved in the archive; the latest stories are on the live feed.

Fat Tail Notes · Part 14 · V10-P3 Part 13 made the backstop endogenous: it fires on state (2 tripped buckets AND a 20% drawdown), not on a calendar, and the announcement cuts unfinished sell intentions before they become liquidation. Part 13 ended with a warning dressed as a teaser: what happens wh…

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  1. 2026-09-20 09:37 · DEV Community — AI
    When the Market Learns the Rule: Front-Running the Backstop

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