{
  "meta": {
    "family": "TWIN-Credit",
    "date": "17 Oct 2026",
    "iso": "2026-10-17",
    "version": "v1.1",
    "session": "weekend",
    "asOf": "Weekend print. JAAA and syrupUSDC as-of 17 Oct 2026 (RWA.xyz). No published weekend rail stamped.",
    "note": "Saturday. Centrifuge app window shut. Maple withdrawal rail not stamped live. JAAA $589m → $586m, holders 36. syrupUSDC holders 8,653 → 8,678. A Morpho or Uniswap book does not upgrade Closed.",
    "homeCondition": "Watch → Closed. No published weekend rail stamped."
  },
  "instruments": [
    {
      "id": "jaaa",
      "ticker": "JAAA",
      "name": "Anemoy / Centrifuge token of the Janus Henderson AAA CLO",
      "klass": "JAAA-class",
      "twin": "Listed AAA CLO / cash-plus claim. Janus Henderson AAA CLO, token issued via Anemoy / Centrifuge.",
      "title": "Token = receipt against the fund. Not the CLO loan itself.",
      "cash": "USDC via the Centrifuge app.",
      "clock": "Saturday. Daily Centrifuge app window is closed until Monday. Underlying credit hours are not this window.",
      "exit": "Primary closed until Monday. No issuer instant rail stamped. Do not list Morpho, Aave, Liquid Lane, or a secondary book as the exit.",
      "redemption": "Closed",
      "redemptionNote": "Primary support off. No confirmed instant rail. Closed, not Instant-only. A secondary book does not upgrade it.",
      "pledge": "Not scored. No published pledge window on this stamp.",
      "crowd": "Tight. 36 public holders on $586m. 38 addresses active in 30 days (39 on 16 Oct). One fewer active. Not a deep book.",
      "basis": "Path. Token versus the listed AAA CLO. No spread stamped.",
      "line": "cash: AAA CLO · exit: closed · crowd: tight · basis: path",
      "status": "watch",
      "changed": [
        "Clock",
        "Exit",
        "Redemption",
        "Crowd"
      ],
      "statusNote": "Watch → weekend substitution is none. Crowd is still the weak channel when the window reopens.",
      "public": {
        "value": "$586m",
        "holders": "36",
        "active30d": "38",
        "source": "RWA.xyz as of 17 Oct 2026"
      }
    },
    {
      "id": "syrupusdc",
      "ticker": "syrupUSDC",
      "name": "Maple syrupUSDC",
      "klass": "syrupUSDC-class",
      "twin": "Institutional private credit / cash-plus claim. Maple Syrup pool, overcollateralised loans to crypto market makers and trading firms.",
      "title": "Token = receipt against the pool. Not a deposit token.",
      "cash": "USDC from the Maple withdrawal queue.",
      "clock": "Saturday. Published withdrawal rail not stamped live. Banking-day window is shut until Monday.",
      "exit": "Primary closed until Monday. Do not list Morpho, Aave, Uniswap, or a secondary book as the exit.",
      "redemption": "Closed",
      "redemptionNote": "Published withdrawal rail not stamped live this session. Closed, not Instant-only. A lending market or a swap is not the state.",
      "pledge": "Not scored. Morpho and Aave listings are not a pledge window.",
      "crowd": "Looked-up. 8,678 public holders on $1.06bn (8,653 on 16 Oct). 5,224 addresses active in 30 days (4,796 on 16 Oct). The tally moved. The rail did not.",
      "basis": "Path. Token versus the pool NAV. No spread stamped.",
      "line": "cash: USDC · exit: closed · crowd: looked-up · basis: path",
      "status": "watch",
      "changed": [
        "Clock",
        "Exit",
        "Redemption",
        "Crowd"
      ],
      "statusNote": "Watch → weekend substitution is none. The queue is the condition, not the secondary book.",
      "public": {
        "value": "$1.06bn",
        "holders": "8,678",
        "active30d": "5,224",
        "source": "RWA.xyz as of 17 Oct 2026"
      }
    }
  ]
}