- Live APY per block, short‑horizon persistence/volatility
- Total Deposits/flows (depth, crowding)
- Market liquidity, utilization, borrow cost, caps/limits/LLTV
- Programmatic events (parameter flips, composition updates)
- All‑in costs: gas, routing, swap, funding, incentives, slippage
- Decides when to stay, rotate, or enhance (e.g., loops, basis/enhanced basis) with guardrails for depth and sensitivity.
- Size adaptively so projected edge survives after fees and impact.
