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Went back through the ACS on @agenticscredit again last night. The detail that keeps standing out is that the Credit never actually lands in your wallet. It gets deployed from their side straight to the venue, hard-capped at 5% of the line on any single position and 25% open at the same time. Real Money still carries the most weight in the score. Paper can fill out the history, but it can’t cover up a messy live book. That separation is basically the underwriting. The score looks at what’s already happened, while the rails and engine decide what gets allowed next. Without those ceilings it would just turn into another number people lean on too hard. Still paper trading to clear 580. Once the line goes live after the 60 days of trading, are people staying strictly inside the 5% or treating it more like a soft guideline? Still watching it with @agenticscredit.

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