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OpenStrategy Research PUBLIC INTELLIGENCE
Evidence, interpretation, and institutional judgment.
OpenStrategy Research is the public publication and distribution layer of OpenStrategy. It turns original Index evidence, diligence methods and institutional questions into research that can be read, checked, cited and corrected.
Published research carries a stable URL, visible sources, methodology, limitations, and correction history.
Research notes
Five notes. One developing record.
Research notes contain original analysis. Definitions remain a separate reference library.
OSIQ INDEX REVIEW · PUBLISHED 1 SEPT 2026
Correlation in an Asset Is a Condition. In a Strategy, It Is Behaviour.
Bitcoin's correlation to the S&P 500 has been positive every year since the COVID crash. OSIQ 30's own opening-window correlation to bitcoin was 0.48, with July at 0.64 and August at 0.23.
Read the research ↗RESEARCH NOTE · PUBLISHED 11 AUG 2026Collateral-Basis Valuation: What a Wallet Is Actually Worth
In August 2026 our pipeline valued a wallet whose largest holding marked at roughly half a billion dollars. Its real, spendable equity was about $23,000. Collateral-basis valuation is how a margin engine would read the same account: stablecoins at par, collateral-eligible assets at a haircut, everything else at zero. It changes how any onchain track record should be read.
Read the research ↗RESEARCH NOTE · PUBLISHED 7 AUG 2026Onchain Has Two Ways to Tell You a Trader Is Good. Neither One Is Ever Re-Tested.
A strategy we track returned −5.07% over a fortnight and +0.47% on the leaderboard's own formula. Hyperliquid no longer documents that formula, so we recovered it from 41,381 live rows and showed where it breaks: 34.6% of the visible field carries flows too large to read a return off the top line.
Read the research ↗OSIQ INDEX REVIEW · PUBLISHED 3 AUG 2026We’re Not Calling It Alpha
OSIQ 30 returned 11.09% in July against 7.26% for BTC and 18.47% for ETH. The number worth publishing is the path: a 3.26% deepest drawdown, against 22.97% for semiconductors on the same venue and the same daily closes.
Read the research ↗OSIQ INDEX REVIEW · PUBLISHED 27 JUL 2026A 1.69% Drawdown, Then a Near-Recovery
OSIQ 30 recovered to within 0.19% of its 23 July peak. The loss-and-recovery path adds evidence for evaluating Exposure Discipline and Non-Fragility over time.
Read the research ↗Research desks
Follow the work by research question.
Desks organise recurring analysis. The archive remains the complete publication record.
Publication standard
Built to be read, checked, and cited.
Every substantial page should contribute original data, a framework, a primary-source conversation, or an explicit institutional decision implication.
Sources and methodology
Primary data references, clear fact and interpretation separation, limitations, conflicts, and methodology links.
Human editorial review
Automation may assist drafting, but a human verifies every public conclusion and material correction.
Commercial separation
Interviews cannot be purchased. Partnerships do not determine coverage, assessments, or conclusions.
OpenStrategy definitions
Clear answers to institutional strategy questions.
DILIGENCE
What Is Onchain Trader Diligence?
The evidence, analysis and governance required to evaluate an onchain trading strategy.
QUALITYWhat Is Institutional Quality?
Observable quality characteristics for emerging onchain trading strategies.
INDEXWhat Is OSIQ 30?
The OpenStrategy Institutional Quality Index and its public research record.
O.P.E.N. PROFILEWhat Is an O.P.E.N. Profile?
The concise four-dimension analytical view of verified strategy evidence.
PASSPORTWhat Is a Strategy Passport?
The complete evidence and diligence record for an onchain strategy.
DECISION OBJECTSIndex Inclusion, Strategy Passport Assessment and Investability
Four separate institutional decision objects and their boundaries.
AGENT SYSTEMSHow Should Autonomous Trading Agents Be Evaluated?
Authority, evidence, monitoring and human-control requirements.
VALUATIONWhat Is Collateral-Basis Valuation?
Valuing an account the way a margin engine would: stablecoins at par, collateral-eligible assets at a haircut, everything else at zero.
OpenStrategy Institutional Brief
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Selected Index research, material institutional developments, and conversations with people shaping onchain markets.