Weekly count on @GIWA_by_Upbit Sepolia, read from the chain at block 39,132,117. 256 wallets have deposited into a Quadrix vault and redeemed, each signed with the wallet’s own key — 26 more than last week. 106 of them came back on a second UTC day (87 last week). 66 wallets signed a vault transaction in the last seven days (157 last week). 0 other apps use a vault share yet.Our own operating wallets are not counted. The block number is given so anyone can recount. Same count, every week.

Eleven lines, eleven anchors. qBTC2X has six days on record, qETH1.5X three. Both on @GIWA_by_Upbit Sepolia: one line per UTC day, each hashed and anchored on-chain the same day. Read off the record: 
qBTC2X 100 → 100.47. Bitcoin +0.3% over the same six days.
qETH1.5X 100 → 98.03. Ether −1.3% over three days. The intraday trigger has not fired once. Each day was a straight line. Chain them and the numbers come apart a little. Twice bitcoin's six-day move: +0.65%. Twice each day's move, chained: +0.58%. The record, after the trading and borrowing it models: +0.47%. The first gap is the daily reset. The second is what the model charges itself. Paper only: the borrowing is modelled, nothing is held or borrowed.

Reconstitution, done. All five vaults on @GIWA_by_Upbit Sepolia now hold their new baskets. Started October 9, finished October 13. qDEFI — Oct 9, 15 auctions. CRV out, ASTER in. qAI — Oct 9 and 12, 15 auctions. GRT and AKT out, NEAR and ICP in. qREV — Oct 12, 14 auctions. SYRUP, TRX, LINK, NEAR and BNB in. qTRI — Oct 12, 8 auctions. AERO in. qX20 — Oct 13, 22 auctions. GRAM, HBAR and SHIB out, ZEC, XMR and NEAR in. Every auction filled. Every fill 0.01–0.03% above the reference price, zero loss at reference. One auction at a time, about 20 minutes each. That is why it took five days. Each auction's opening tx and fill tx are in the record. Any line can be recounted from the chain. Next time, one basket's auctions open several at once. The method changes only after its decision is on-chain.

qETH1.5X starts its record. 1.5× ether, reset daily, on @GIWA_by_Upbit Sepolia. For the holder: no margin account, no collateral to post, no funding payments, no margin calls. 
Inside, exposure is checked every 15 minutes. If it drifts to 2.3×, it goes back to 1.5×. Day zero: 100, at 00:00 UTC on October 16.
 One line a day — 1.5× ether's move, midnight to midnight. Paper first. No ether held, no borrowing, no vault yet. Held longer than a day, results drift from 1.5× of ether's move over that period. That is what a daily reset does. Check it without us.

Weekly count on @GIWA_by_Upbit Sepolia, read from the chain at block 38,537,062. 230 wallets have deposited into a Quadrix vault and redeemed, each signed with the wallet's own key. 87 of them came back on a second UTC day. 157 wallets signed a vault transaction in the last seven days. 0 other apps use a vault share yet. Our own operating wallets are not counted. The block number is given so anyone can recount. Same count, every week.

Bitcoin, twice. Reset every day. qBTC2X is live on @GIWA_by_Upbit testnet. It follows twice bitcoin’s daily return and brings leverage back to 2.0 at 00:00 UTC, every day. Same structure as a listed single-stock 2x product: twice the daily return, one reset a day. Holding twice bitcoin through futures means three jobs you do yourself: top up margin, watch the liquidation price, re-set leverage after it drifts. In qBTC2X, the rule does all three. Back to 2.0 at midnight. Back to 2.0 during the day if a fall takes it to 2.2. On the way up, nothing is touched. There is no place for a hand. In return, it is a one-day instrument. Held for a day, it stays close to twice bitcoin’s day. Held longer, it is not twice. How far it drifts is in the rulebook, in numbers. A crash is not something it escapes either. How far a two-hour fall can go before it is zero is written there too. If the index vaults are for holding, this is a tool for short use. The record works the same way: from tomorrow, one line a day on-chain, showing the rule ran as written. Testnet for now, test dollars only.

Rebalancing starts today. Before the first trade, one more decision went on-chain. The planning tool of Oct 2 paid for the entering names only with the names it had marked for trading. The vaults would have ended short of the index: up to 3.7 points in qREV, and no AERO at all in qTRI. From this decision, a session trades the whole basket to the index's weights. No index rule, weight or member changes. One auction at a time, Oct 9 to 11. A vault keeps its old basket until its session runs.

Quadrix is building the index layer for @GIWA_by_Upbit . Six rule-based vaults run on GIWA Sepolia today. Every rule is published before it runs, every day's record is hashed and anchored on-chain, and every share redeems in kind. This week, five of them rebalance through open on-chain auctions on Oct 9, seven days after the notice went on-chain. Built so other GIWA apps can use them: a vault share as collateral, an index as a reference, a record anyone can check.

October reconstitution. The index books re-formed on October 1: qX20 in ZEC, XMR, NEAR · out GRAM, HBAR, SHIB qREV in SYRUP, TRX, LINK, NEAR, BNB (10 → 15 names) qDEFI in ASTER · out CRV qAI in NEAR, ICP · out GRT, AKT qTRI in AERO qDUO no change N1Q no rebalance at the quarter end; the decision is anchored The test net vaults were given notice on-chain today. The change can be executed in 7 days, not before.