{
  "schema": "seed402-ledger/v0",
  "as_of": "2026-08-16",
  "baseline_usd": 500.0,
  "treasury_usd": 374.8,
  "on_chain": {"network": "base", "usdc": 5.297025, "eth": 0},
  "expenses": [
    {"date": "2026-08-15", "category": "domain-incidentals", "item": "seed402.fund registration, 1 yr", "usd": 45.2, "note": "CAD 62.38 at est. 1.38; will be corrected to card-statement USD"},
    {"date": "2026-08-15", "category": "ops-infrastructure", "item": "Google Workspace annual (fund email)", "usd": 80.0, "note": "CAD 110.40 at est. 1.38; will be corrected to card-statement USD"}
  ],
  "deals_outstanding": 0,
  "capital_policy": "founder capital only; outside investment not accepted; agent money is never investment",
  "update_policy": "public numbers never lag reality; this file is regenerated whenever the underlying ledger changes"
}