{
      "tool_id": "art-322-rhc-ap-redemption-stress",
      "tool_version": "1.0.0",
      "display_name": "AP Concentration + Redemption-Path Stress",
      "mcp_name": "stress_test_ap_redemption_path",
      "mandate_type": "collateral_mandate",
      "wave": 56,
      "gpu": false,
      "url": "https://ainumbers.co/chaingraph/art-322-rhc-ap-redemption-stress.html",
      "description": "Stress-tests the one-token-equals-one-share economic-exposure claim for Robinhood Chain stock tokens against actual redemption reachability. BBVI is the sole Authorised Participant at issuance; only Authorised Participants may subscribe or redeem directly from Robinhood Assets (Jersey) Limited after KYB, everyone else is secondary-market-only. Enumerates AP concentration, premium/discount exposure if the sole AP stops market-making, and issuer-credit exposure distinct from the underlying equity. Verify-only; never recommends a position. Zero network, zero PII.",
      "input_schema_ref": "chaingraph/art-322-rhc-ap-redemption-stress.html#manifest",
      "consumes": [],
      "feeds": [],
      "status": "live",
      "conformance_fixtures": true,
      "compute_capability": "server",
      "compute_images": [{"system":"sha256-source","image_id":"sha256:043b1b5c17986181cd446d5ffa5594209cc4cf4e29416c72e3a47a436160ea2d","valid_from":"2026-07-10"},{"system":"risc0","image_id":"sha256:a1a0bc89b5b1febaeda3519f6dbade0fa5ac16beeb143c4e1b01689573567bc6","valid_from":"2026-07-16"}],
      "export_capability": [
        "json"
      ],
      "compute_proof_ready": "ready",
      "compute_proof": {
        "type": "ZkVmReceipt",
        "system": "risc0",
        "receiptFormat": "groth16-bn254",
        "imageId": "sha256:a1a0bc89b5b1febaeda3519f6dbade0fa5ac16beeb143c4e1b01689573567bc6",
        "seal": "BMz2BkAgSDaiR3CrTHiFeD6lFhtomT8d5r3kazcGaXMOhVz0sVIVhTUVkejAx/e7Bp37tRBVd0bGia/vXv8PKh7PE1rAPcERBNIr4U0NUYHKt+OJZGpOY3Q8yy619HX1CzEwVlLGeXlAsqrXfS77+OWZzDQOVepwNGK/nwuhNnciE0CeKR7ltwmUXyI0bjDjS0dzb//l+undGH++79saNCMSN/ZaTG+Hdq3xWCCEPgeoo2clJ5EB7jlaSXn51/mXMEVfv7WSEMcpENGcufH4F1k/NygPoCkypuWF9udesrIiayeR+Cngh1pX0ICHYj0ZMp6VsGEi/ZshZKSZjTQ7xg==",
        "journal": {
          "chaingraph_version": "0.4.0",
          "kernel_digest": "sha256:043b1b5c17986181cd446d5ffa5594209cc4cf4e29416c72e3a47a436160ea2d",
          "output": {
            "ap_count": 1,
            "concentration_risk": "SINGLE_AP_CONCENTRATION",
            "issuer_credit_exposure_distinct": true,
            "liquidity_flag": "THIN",
            "not_investment_advice": "This node enumerates structural dependency only. It does not recommend a position.",
            "premium_discount_exposure": true,
            "redemption_path": "secondary_market_only",
            "redemption_reachable_for_non_ap": false,
            "structural_dependencies": [
              "sole_AP_market_making_dependency",
              "non_AP_holders_cannot_redeem_directly_from_RHJ",
              "issuer_credit_exposure_to_RHJ_distinct_from_underlying_equity",
              "thin_secondary_market_depth"
            ],
            "verdict": "STRESS_ENUMERATED"
          }
        }
      }
    }