Exposure and Conditional Fee Income from Recursive Liquidity Pool Nesting in PONS++

PONS++ recursively pairs a stable anchor with fungible LP claims to explore lower risky-asset exposure and conditional fee income. This technical report reproduces 51 local Solidity tests, including three 128-input fuzz functions, and 12 deterministic model tests at an exact source commit. Its existing runner produces 45 one-seed synthetic cells with imposed activity: 17 have negative net P&L and 30 have negative time-weighted returns; the final layer reduces liquidation wealth in 17 of 36 defined comparisons. The fixed ERC-4626 vault, growing custom ERC-20 receipt and fresh-capital model are distinguished. The scenarios are not a backtest of the growing contract, which reallocates existing backing. The supplement preserves exact source, licenses, hashes and adverse outputs. No fresh production fee result, yield advantage, stable principal or measured inclusion outcome is claimed.Jarett Dunn. Technical report, version 1.0. Preprint, not peer reviewed. Codex assisted evidence recovery, analysis, local checks and writing. Empowerment, financial inclusion and evidence-based accountability guide evaluation; social outcomes are not measured. The manuscript and new analysis are CC BY 4.0; archived software retains its original license status and notices.