NeuroMesh: The Humanoid Intelligence Layer Forming a Decentralised Superbrain
Version: June 21, 2025. Technical Whitepaper V3
Abstract
NeuroMesh defines a humanoid-first intelligence layer on Solana that any robot can install to become software-defined, safety-bounded, and market-connected. Each robot runs agentic cognition locally (on-robot CPU/NPU/GPU), generating verifiable “thoughts” and “actions” recorded as Composite Thought/Action Vectors (CTV/A) with lineage, evaluator scores, and royalty rules. All inference and learning compute is executed on the robot; tokenised compute credits (cCOMP) are minted solely from attested on-robot cycles. The economy further tokenises embodied minutes (nROBOT), energy windows (nENERGY), durable storage (nSTOR), and—critically—data as a Real-World Asset through per-robot data rights (nDATA-R), whose ownership is anchored by a Data Ownership Certificate (DOC) and a Perception Lineage ID (PLID). Correctness is enforced by Proof-of-Inference (PoI) and optional zkML; embodied safety by Control Barrier Certificates (CBC) and Proof-of-Action (PoA). A model-predictive controller (MPC) tunes verification overhead, queueing, and safety risk while dual-descent pricing clears resources. As robots perceive more of the world, data, skills, and incentives reinforce each other so the network behaves like a single decentralised superbrain: an organism whose intelligence density compounds with lived experience.
1. Motivation and Thesis
- Embodiment has arrived. Useful autonomy lives inside tight latency budgets (≈10–800 ms), privacy regimes, human-aware safety envelopes, and energy constraints.
- Intelligence must be priced under constraints. Capability is not just model quality; it is quality subject to safety, latency, energy, and rights.
- Ownership matters. “He who owns the data owns the future.” Ownership must be cryptographically provable, economically valued, and enforceable at the edge.
- Therefore: put cognition on the robot; expose rights, safety and verification as first-class; tokenise compute, capability and data; and settle on a fast, low-cost chain.
2. Historical Context (condensed)
- Time-sharing → Cloud. Centralised compute with generous latency tolerances.
- Deep Learning Era. Disembodied models dominated, largely off-device.
- Embodiment Era (now). Sensorimotor context, human interaction, and jurisdictional privacy shift learning on-device; verification and safety become economic primitives.
3. Core Concepts and Notation
- Agents & robots. Each wallet can host an agent; each robot runs NeuroOS-H (humanoid OS) and presents on-robot compute, skills, safety, and data vaults.
- CTV/A. A verifiable artefact containing inputs, outputs, evaluators’ notes, PoI/PoA receipts, lineage, and royalty curves.
- Tokens.
- $NEURO: base fees, staking, governance.
- cCOMP: attested on-robot compute credits; burn-to-use.
- nROBOT: embodied minutes by safety class.
- nENERGY: time-of-use/PPAs anchoring carbon/price.
- nSTOR: durable storage with region/SLA.
- nDATA: licensed catalogue datasets (third-party).
- nDATA-R: per-robot data rights (the RWA of experience).
- iCTVs: rights to CTV/A (reuse + ALR-scoped learning royalties).
-
Intelligence density.
\[I = \log N \cdot \bar{\beta} \cdot C\]where $N$ is active robots/agents, $\bar{\beta}$ useful message rate, and $C$ coherence (fraction of high-quality CTV/A).
-
Verification overhead.
\[\begin{aligned} \psi &\in [0,1),\\ \\ \chi &= \frac{\psi}{1-\psi}. \end{aligned}\] -
PoI tail bound.
\[\begin{aligned} P_{\mathrm{FA}} &\approx \exp\!\bigl(-2q(1/2-\theta)^2\bigr),\\ \\ q &\ge \frac{\ln(1/\varepsilon)}{2(1/2-\theta)^2}. \end{aligned}\] - Safety. $ P_{\mathrm{unsafe}} \le \varepsilon_s $; CBC constraints embedded in control.
4. Architecture (Humanoid-First)
4.1 NeuroOS-H
- Control plane: torque/impedance controllers at 500–2,000 Hz; reflex arcs ≤20 ms; servo jitter ≤2 ms.
- Perception: RGB-D, event cameras, microphones, tactile skins, force–torque, IMU, encoders.
- Policy server: option library $ {\pi_{\mathrm{nav}}, \pi_{\mathrm{grasp}}, \pi_{\mathrm{tool}}, \pi_{\mathrm{social}}} $ with confidence scores, termination sets, and ALR hooks.
- Safety supervisor: CBC, geofences, human-aware envelopes; teleoperation fall-back when confidence $< \tau$.
- Secure logger: TPM/TEE-attested, hash-chained sensorimotor logs and actuation streams.
- Mesh daemon: discovery, pricing, escrow, receipts; PoI/PoA clients.
4.2 Sense → Think → Act (market primitive)
A task $ \tau=(g,d,\kappa,\Pi) $ produces:
- Sense $ z=\phi_{\mathrm{sense}}(d) $ (multimodal μTokens),
- Think $ a^*=\arg\max_a \mathbb{E}[R \mid z,g,\kappa,\Pi] $ under CBC,
- Act $ u(t) $ with PoA receipts,
- Learn $ \Delta K $ (self-supervised objectives, ALR budgets). Artefacts settle as CTV/A; all compute runs on the robot.
5. Tokenisation Stack (with Data as RWA)
5.1 Instruments
- $NEURO: Fees, staking, governance.
- cCOMP (on-robot): \(\Delta \mathrm{cCOMP} = \kappa_{\mathrm{attest}} \cdot r_{\mathrm{clk}} \cdot \Delta t\) where $\kappa_{\mathrm{attest}} \in {0,1}$ proves OS/accelerator state and SLO adherence; burn-to-use.
- nROBOT: Minutes by safety class and attestation.
- nENERGY: Energy windows/PPAs; metering oracle; region.
- nSTOR: Storage capacity with durability and locality.
- nDATA (catalogue): Licenced datasets with ALR scope.
- nDATA-R (per-robot data rights): Tokenised ownership of a robot’s own captured experience, bound to:
- DOC (Data Ownership Certificate). Operator DID, robot DID, OS/accelerator attestation hash, time window, site, modality map, capture policy, PLID, signature.
- PLID (Perception Lineage ID). Merkle root over hashed, windowed perception logs, signed inside TEE.
5.2 Execution bundle and placement
Execution bundle: {cCOMP_on-robot, iCTVs, nROBOT slice, optional nDATA/nDATA-R, optional nENERGY}.
Placement is on-robot; $L_{\mathrm{net}} \approx 0$ for inference; safety policies remain local.
5.3 Solvency and issuance
For each tranche $r$:
$\text{NAV}_r = PV(\text{cashflows}_r) -$ $\text{liabilities}_r - \text{reserves}_r$,
$\sum_r \text{issued}_r \cdot \text{unit_value}_r \le$ $\sum_r \text{NAV}_r \bigl(1-h_r\bigr)$.
nDATA-R lots may be aggregated into tranches with similar modality mix, safety class, site category, and ALR defaults; NAV reflects expected licensing cash-flows (Section 10).
6. Data Ownership & Rights (nDATA-R)
6.1 Minting flow
1) Capture: robot records sensorimotor streams into an encrypted local vault.
2) Attest: TEE signs OS/accelerator measurement; mesh daemon rotates windowed hashes → PLID.
3) Certify: generate DOC (ownership/conditions); hash the policy manifest (ALR defaults).
4) Mint: issue nDATA-R lot $(\mathrm{DOC}$, $\mathrm{PLID}$, $\mathrm{modality_mix}$, $\mathrm{ALR}_0$, $\mathrm{royalty_curve}$, $\mathrm{expiry})$.
5) List: optional listing on the data market with reserve/ask and usage restrictions.
Principle: raw data never leaves the vault; licences concern μTokens/statistics and explicit learning rights.
6.2 ALR (Agentic Learning Rights)
ALR expresses purpose (e.g., “grasp stability”), forbids classes (e.g., face identification), and allocates privacy budgets $(\varepsilon,\delta)$. Composition bound:
\(\begin{aligned} \varepsilon_{\mathrm{total}} \le{}& \sqrt{2T \ln(1/\delta)}\,\bar{\varepsilon}\\ &+ T\,\bar{\varepsilon}\,\bigl(e^{\bar{\varepsilon}}-1\bigr). \end{aligned}\) with zk attestations proving budget spend and purpose compliance.
6.3 Lineage and royalties
Reused CTV/A and model deltas reference PLID; royalties stream back to nDATA-R owners using Shapley-style approximations:
\[\begin{aligned} \mathrm{Royalty}(X) &= \sum_i \phi_i(X) \cdot r_i(t),\\ \sum_i \phi_i(X) &\approx 1. \end{aligned}\]Royalty curves may decay (to encourage freshness) or step-up for high safety grade data.
6.4 Anti-sybil and quality
- Per-robot DID + TEE evidence prevents cost-free identity splits.
- Diversity threshold (scene entropy, contact event variety) before minting a lot.
- Similarity hashing and spot-audits penalise near-duplicates.
7. Learning from Lived Experience
7.1 μTokens and multimodal alignment
- Vision: masked autoencoding + contrastive alignment.
- Audio: self-supervised embeddings (speech/environment).
- Tactile/force: slip/contact patches with local dynamics.
- Proprioception: predictive trajectory codes.
Alignment objective:
\(\mathcal{L}_{\mathrm{align}} = -\mathbb{E}\left[\log \frac{\exp(\langle z_m, z_{m'} \rangle/\tau)}{\sum_j \exp(\langle z_m, z_j \rangle/\tau)} \right],\) with action-conditioned dynamics and skill distillation layered on.
7.2 Growth law (experience-driven)
Let $ M_R(t) $ be cumulative licensable μTokens derived from nDATA-R:
$\bar{\beta}(t) \propto M_R(t)^\gamma,\qquad$ $M_R(t+\Delta) = M_R(t) + N(t)\, d \, \pi_{\mathrm{lic}},$
where $ d $ is daily μTokens/robot and $ \pi_{\mathrm{lic}} $ the licensable fraction. Then
\(I(t) = \log N(t) \cdot M_R(t)^\gamma \cdot C(t).\) As evaluator ensembles improve and ALR-licensed coverage widens, $ C(t) \uparrow $, producing super-linear gains in effective capability.
8. Safety, Correctness, Privacy
- PoI correctness: \(\begin{aligned} P_{\mathrm{FA}} &\le \varepsilon,\\ q &\ge \frac{\ln(1/\varepsilon)}{2(1/2-\theta)^2}. \end{aligned}\)
- CBC safety: choose $ u $ to minimise $ |u-u_{\mathrm{nom}}|^2 $ subject to \(\frac{\partial h}{\partial x} \cdot (f+g u) + \alpha h(x) \ge 0\) alongside actuator/contact limits.
- PoA embodiment: Merkle-ised sensor/actuation traces, CBC certificates; committee sampling; penalties for rejected segments.
- Privacy: ALR + DP composition; zk attestations for budget use; raw frames remain local.
9. Market Clearing & Control
9.1 Prices and control
Dual-descent:
\(\begin{aligned}
p_R(t{+}1) &= \max\bigl(0,\,p_R+\eta_p[D_R-\mathcal{U}_R]\bigr),\\
p_v(t{+}1) &= \max\bigl(0,\, p_v + \eta_v(\psi - \psi^\star)\bigr).
\end{aligned}\)
MPC (mesh): state $ y=[\rho_R,\rho_C,\rho_B,P_{\mathrm{FA}},\psi,\text{lat}] $; control $ u=[\psi,\lambda_{\mathrm{eff}},q,\theta,p_v,p_R] $; constraints $ \rho_k<1 $, $ P_{\mathrm{FA}}\le \varepsilon $, $ L_{\mathrm{tot}}\le L^\star $.
MPC (fleet): include incident rate, battery, maintenance, nENERGY windows; require $ P_{\mathrm{unsafe}}\le \varepsilon_s $.
9.2 Throughput
$V_{emb} \propto I \times U_R \times (1 - P_{unsafe})$
$S = S_{\mathrm{comp},R} \bigl(1+\chi\bigr) + S_{\mathrm{body}}$
$\quad \chi=\frac{\psi}{1-\psi}$
10. Data as a Real-World Asset (valuation & NAV)
10.1 Pricing a data lot
For lot $ D $ (nDATA-R), fair value:
\(\begin{aligned} P(D) ={}& \alpha \,\mathbb{E}[\Delta I(D)]\\ &+ \beta \,\kappa_{\mathrm{cov}}(D)\\ &+ \gamma \,\rho_{\mathrm{rare}}(D)\\ &- \lambda_{\mathrm{risk}}\, \mathcal{R}(D). \end{aligned}\) where ΔI is marginal information gain across reference tasks, coverage measures diversity (scenes/materials/language), rarity measures scarcity of events, and risk captures privacy/clean-up.
10.2 NAV and issuance (data tranches)
Group lots by modality mix and safety class.
\(\text{NAV}_{\mathrm{nDATA\!-\!R}} = \sum_{D\in \text{tranche}}\) \(\mathrm{DCF}\big(P(D),\ \text{licence rate},\ \text{churn}\big)\) $- \text{reserves}.$
Apply haircuts $ h_r $ for oracle variance, legal risk, and coverage volatility; cap issuance via
$ \text{max_supply} = \frac{\text{NAV}(1-h_r)}{\text{unit_value}} $.
10.3 Royalty streams
Derivatives (models/CTV/A) share revenue with upstream nDATA-R owners per lineage and Shapley weights $ \phi_i(X) $; auditors sample lineage for correctness; disputes use zk proofs of ALR scope.
11. Token Supply & Emissions (token)
- Genesis: 1.00B $NEURO (illustrative).
- Allocation: 15% contributors (4y), 15% treasury, 10% ecosystem grants, 10% market-making (18m), 35% operator/evaluator/data emissions over 10y, 15% public/partners.
- Decay: $ E_t = E_0 \cdot 2^{-t/H} $ with half-life $ H=24 $ months; configure a floor for long-run incentives.
- Burns: fraction of verification fees and premium SLO mark-ups burned; inactivity slashing burned.
- cCOMP: non-inflationary credit minted from attested on-robot time; floats vs $NEURO in a utilisation-aware AMM.
12. Revenue Model (protocol, operators, data owners)
12.1 Protocol inflows
- Base fees (τ to treasury).
- Verification fees (share to evaluators + burn).
- AMM spreads (cCOMP↔$NEURO).
- RWA fees (listing/attestation/oracle).
- Data fees: treasury share $ \tau_D $ from nDATA-R licences.
- Buyback/burn policies configurable by governance.
12.2 Operator economics (per robot/day; illustrative)
\(\begin{aligned}
\mathrm{Rev}_{\mathrm{day}} \approx{}& h \cdot (r_{\mathrm{clk}} P_c) \\
&+ h \cdot \phi_v \\
&+ \mathrm{royalty}_{\mathrm{CTV/A}} \\
&+ L_{\mathrm{nDATA\!-\!R}}.
\end{aligned}\)
where $ h $ verified hours, $ r_{\mathrm{clk}} $ credits/hour, $ P_c $ cCOMP price, $ \phi_v $ verification fee intensity, and $ L_{\mathrm{nDATA!-!R}} $ data licensing revenue.
Costs: energy $ C_e $, maintenance $ C_m $, insurance $ C_i $, verification burns $ C_v $, amortised capex $ C_a $.
12.3 Projections (directional, adjustable)
- N (robots): 1,200 → 3,600 → 9,000 (Y1→Y3).
- h (hours/day): 6.2 → 7.0 → 8.1.
- $r_{\mathrm{clk}}$ (credits/h): 1,050 → 1,250 → 1,480.
- $P_c$ ($NEURO/credit): 0.0030 → 0.0036 → 0.0042.
- $ \phi_v $ ($NEURO/h): 0.15 → 0.12 → 0.10.
- Data licensing: 20 → 28 licensable lots/robot/day; average price 0.04 → 0.06 $NEURO; take-rate 35% → 45%.
Fleet Y1 gross (ballpark):
Illustrative arithmetic:
\(1{,}2 \times \bigl[6.2(1{,}05\cdot0.003)\) \(+ 6.2\cdot0.15 + 6.2\cdot0.02 + 0.28\bigr]\) \(\approx 1{,}200 \times 20.86\) \(\approx 25{,}032\ \text{$NEURO/day$}.\)
Treasury slice (assume 15% of a 25% fee base plus $ \tau_D=15\% $ on data fees) ≈ ~1.0k $NEURO/day. Upside scales with $N$, $r_{\mathrm{clk}}$, premium SLOs, and data rarity premia.
Sensitivity:
- $ \psi \uparrow \Rightarrow \chi \uparrow \Rightarrow $ throughput drops → raise prices or improve evaluators/zk.
- Energy shocks → $ C_e \uparrow $; hedge with nENERGY windows.
- Incident rate → $ C_i \uparrow $; reduce via CBC tuning, teleop policies, and safety-weighted matching.
13. Environmental Emissions (energy/CO₂e)
Per-robot daily energy and CO₂e:
\(E_{\mathrm{day}} = P_{\mathrm{dev}} \cdot h,\) \(\mathrm{CO2e}_{\mathrm{day}} = E_{\mathrm{day}} \cdot \kappa_{\mathrm{CO2}}.\)
Example:
$P_{\mathrm{dev}}=0.45\ \mathrm{kW},$ $h=6.2,$ $\kappa_{\mathrm{CO2}}=0.30\ \mathrm{kg/kWh}$ $\Rightarrow E=2.79\ \mathrm{kWh},$ $\ \mathrm{CO_2e}=0.84\ \mathrm{kg} $ $ per$ $robot/day$.
Shifting ≥50% hours to renewable windows ($\kappa_{\mathrm{CO2}}\approx0.05$) via nENERGY can reduce intensity by ~42%.
14. Comparative Analysis (Bittensor-style networks and others)
| Dimension | NeuroMesh (humanoid, on-robot) | Bittensor-style (disembodied models) |
|---|---|---|
| Output | CTV/A (thoughts + actions) with PoA |
Text/image responses, gradients |
| Compute | On-robot (edge) $L_{\mathrm{net}}\approx 0$ for control |
Remote miners; network latency tolerable |
| Safety | CBC, human-aware envelopes, teleop policy |
Not centred on embodied safety |
| Verification | PoI + PoA; optional zkML |
Peer scoring/ bounties |
| RWA | nROBOT, nENERGY, nSTOR, nDATA, nDATA-R |
RWA optional |
| Data ownership | Per-robot nDATA-R (DOC/PLID), ALR-scoped licensing & royalties |
Mixed lineage and rights |
Conclusion: knowledge markets vs capability markets. NeuroMesh prices capability under constraints and makes data ownership a tradable, enforceable RWA.
15. Governance, Policy, and Assurance
- Weight: $ W_i = \omega_1 \mathrm{stake}_i$ $ + $ $ \omega_2 \hat{r}_i $ $ + $ $\omega_3 (p_i/\bar{p}) $ $ + $ $\omega_4 \mathrm{agent_contrib}_i $ $ + $ $\omega_5 \mathrm{safety_score}_i $ $ + $ $\omega_6 \mathrm{data_contrib}_i $.
- Parameters: $ \psi^*, q_{\min}, \theta $; haircuts $ h_r $; caps; redemption windows; ALR defaults; $ \varepsilon_s $; data privacy reserve %.
- Transparency: publish parameter files, receipts/audits (hashes), incident post-mortems with remediation.
- Security: secure boot, sign-only OTA, TEE attestations; oracle medianisation with dispersion caps; circuit-breakers; slashing for misreporting.
16. Roadmap (humanoid- and data-aware)
- 0–6 months: NeuroOS-H GA; PoI/PoA committees; on-robot cCOMP minting; DOC/PLID, nDATA-R lots; ALR lanes; receipts explorer.
- 6–12 months: Data market beta (μToken lots); ΔI oracles; Shapley service; maintenance oracles; teleop pools; utilisation-aware pricing.
- 12–18 months: Royalty streaming for CTV/A; zkML queues (sensitive domains); premium SLOs; insurer-grade audit packs.
- 18–24 months: Regional clusters; cross-market routing; nDATA-R and nROBOT refinancing lanes; RWA basket indices.
- 24–36 months: Export-aware data bundles; expanded social-policy libraries; marketplace analytics and credit curves.
17. Risks, Limitations, and Open Questions
- zkML proof costs (large circuits). Mitigation: selective zk in high-stakes queues.
- Sim-to-real drift. Mitigation: μToken diversity; evaluator ensembles; periodic ground-truthing.
- HRI risk. Mitigation: CBC envelopes, teleop triggers, safety class certification.
- Regulatory heterogeneity. Mitigation: ALR defaults by region; auditor packs.
- Economic cyclicality. Mitigation: haircuts, issuance caps, circuit breakers, reserves.
- Fair ΔI estimation. Ongoing research: robust surrogates and dispute resolution.
18. Conclusion
NeuroMesh is an intelligence layer for fully customisable humanoids that scales into a decentralised superbrain as robots perceive the world. It treats compute, capability, and—decisively—data as assets with ownership, rights, valuation, and rewards. By enforcing correctness and safety on-device, and settling rights and revenues on-chain, the network compounds like a living organism: every safe, attested minute deepens memory, broadens skill, and strengthens the economy.
Appendix A — Key Equations
- PoI quorum \(q \ge \frac{\ln(1/\varepsilon)}{2(1/2-\theta)^2}.\)
- Overhead \(\begin{aligned} \chi &= \frac{\psi}{1-\psi},\\ S &= S_{\mathrm{comp},R}\bigl(1+\chi\bigr) + S_{\mathrm{body}}. \end{aligned}\)
- Queueing \(\begin{aligned} W &\approx \frac{\rho_R}{\mu_R-\lambda_R},\\ \mu_R &= \frac{1}{\mathbb{E}[S_{\mathrm{comp},R}]}. \end{aligned}\)
- CBC \(\frac{\partial h}{\partial x} \cdot (f + g u) + \alpha h(x) \ge 0.\)
- Intelligence density \(I = \log N \cdot \bar{\beta} \cdot C.\)
- Throughput \(V_{\mathrm{emb}} \propto I \times \mathcal{U}_R \times \bigl(1 - P_{\mathrm{unsafe}}\bigr).\)
- DP composition \(\begin{aligned} \varepsilon_{\mathrm{total}} \le{}& \sqrt{2T\ln(1/\delta)}\,\bar{\varepsilon}\\ &+ T\,\bar{\varepsilon}\,\bigl(e^{\bar{\varepsilon}}-1\bigr). \end{aligned}\)
- Data price \(\begin{aligned} P(D) ={}& \alpha \,\mathbb{E}[\Delta I]\\ &+ \beta \,\kappa_{\mathrm{cov}}\\ &+ \gamma \,\rho_{\mathrm{rare}}\\ &- \lambda_{\mathrm{risk}}\,\mathcal{R}. \end{aligned}\)
- Emissions \(\begin{aligned} E_{\mathrm{day}} &= P_{\mathrm{dev}} h,\\ \mathrm{CO2e} &= E_{\mathrm{day}} \kappa_{\mathrm{CO2}}. \end{aligned}\)
- Emissions (token) \(E_t = E_0 \cdot 2^{-t/H} \quad \text{(10-year pool)}.\)
Appendix B — Worked Scenarios (brief)
- Retail front-of-house: wayfinding, safe handovers; dialogue PoA; ALR excludes face ID; CTV/A reused by other venues (royalties).
- Micro-fulfilment: deformables bin-picking with tactile slip recovery; night learning in nENERGY windows; nDATA-R lots priced by rarity of materials.
- Industrial inspection: valve torque envelopes; evaluator ensembles; maintenance oracles update risk; insurance priced off PoA history.
- Event logistics: lift–carry with human proximity envelopes; teleop overrides logged; Shapley splits across perception/planning/control.
Appendix C — Governance Surfaces (suggested defaults)
-
$ \psi^* \in [0.10,0.18] $, $ q_{\min} \in [7,11] $, $ \theta \in [0.60,0.67] $.
- Safety cap $ \varepsilon_s \in [10^{-4},10^{-3}] $ per episode depending on class.
- Haircuts $ h_r $: nDATA-R 20–40% (jurisdiction and variance dependent), nROBOT 10–25%, nENERGY 5–15%, nSTOR 5–10%.
- Privacy reserve: 5–10% of data fees to fund redaction/cleanup after policy changes.
Appendix D — Practical Integration Notes
- Install intelligence layer: NeuroOS-H, choose pre-audited skills, set CBC envelopes; enable receipts by default.
- Tokenise data: turn on DOC/PLID generation; configure ALR defaults; mint nDATA-R lots by time window/site.
- Operate to earn: schedule jobs, align heavy learning with nENERGY windows, list μToken lots; monitor dashboards for $ \rho_R, \psi, P_{\mathrm{unsafe}} $, evaluator accuracy, reuse ratios, ΔI leaders.
- Evolve: adopt new evaluator ensembles, enable zk for premium queues; expand royalty participation through iCTVs and nDATA-R tranches.
End of document.