Daily Papers

The rise of LLM-as-a-Service and other confidential cloud workloads demands cryptographic proof that user data is processed in a trusted, untampered environment. Existing solutions, notably Confidential Containers (CoCo), enforce a strict "one Pod per VM" model that attests only the Guest OS stack, leaving container-level identity unverified and incurring prohibitive per-VM resource overhead. We present dstack-capsule, a Kubernetes platform that enables Pod-level remote attestation on Intel TDX by allowing multiple Pods to share a single Confidential VM while each retains independent, hardware-backed proof of identity. Our key insight is a two-layer attestation architecture: static platform measurements are frozen in RTMR[3] via an irreversible privilege fuse, while dynamic Pod identities (pod_uid, pod_spec_hash, workload_id) are embedded in the TDX Quote's report_data field and signed by hardware on every request. dstack-capsule introduces (1) a Pod-level attestation protocol binding Pod spec digests to hardware-signed Quotes; (2) a privilege fuse mechanism that atomically transitions a node from setup mode to secure mode; (3) a multi-layer sandbox spanning storage, runtime, admission, API, and network isolation layers; and (4) a complete open-source implementation based on Kubernetes 1.32, Intel TDX, and Sysbox. We evaluate the security properties, attestation correctness, and performance characteristics of dstack-capsule, demonstrating that it achieves Pod-granularity verification without the resource overhead of per-VM isolation.

We present a continuous, population-scale measurement record of autonomous language-model trading agents operating in production across two systems with one design lineage: DX Terminal Pro (3,505 user-funded vaults trading real ETH in Base memecoin markets for 21 days, February to March 2026) and the DXAP live alpha fleet (500 to 599 user-created agents all-history, 91 to 117 concurrently active, trading Hyperliquid perpetuals, June to August 2026). The record spans roughly six months, 7.5M single-model invocations with about 300K onchain actions, and a further 231,638 multi-tool turns producing 14,596 fills. Four findings carry the paper. First, the operating layer determines behavior more than anything written in strategy text: a risk slider explains leverage (+0.425 per level), agent fixed effects absorb 60% of variance, and a leaderboard render boundary causally routes selection (regression discontinuity 1.75x at the top-3 cut). Second, sizing is volatility-blind: median leverage is 5.0x in every volatility sextile, and one posture-slider cell (11% of the book) holds 62% of liquidations. Third, agents capture almost none of the upside they reach: 43.2% of positions saw at least +300 bps of favorable excursion within 24h, yet 49.3% of those closed with a negative trade return; a mechanical bracket recovers +39.0 bps per position. Fourth, neither fleet shows a directional edge. The DXAP fleet is not profitable and trails a matched Hyperliquid retail benchmark (41% vs. 50% roundtrip win rate). A paired-replay league of frontier models on 416 captured production scenarios finds decision quality statistically indistinguishable at this horizon, while choice stability differs sharply across model families. Every headline survives day-clustered inference, permutation nulls, and a common-fee restatement; the paper closes with a 17-rule methodology canon bought with our own retractions.