EthenaPay's reward next to sUSDe
Inputs
ok    input cashflow_results.json matches its SHA-256
ok    input chain/events.csv matches its SHA-256
ok    input chain/meta.json matches its SHA-256
ok    input chain/midnights.csv matches its SHA-256
ok    input chain/rewards.csv matches its SHA-256
ok    input chain_manifest.csv matches its SHA-256
ok    input dailyboost_results.json matches its SHA-256
ok    input sources.csv matches its SHA-256
ok    input terms_facts.csv matches its SHA-256
ok    chain file events.csv matches its SHA-256
ok    chain file events.csv was written by this susde_read.cjs
ok    chain file meta.json matches its SHA-256
ok    chain file meta.json was written by this susde_read.cjs
ok    chain file midnights.csv matches its SHA-256
ok    chain file midnights.csv was written by this susde_read.cjs
ok    chain file rewards.csv matches its SHA-256
ok    chain file rewards.csv was written by this susde_read.cjs

The chain read
ok    the events match the read's counts  (965 deposits, 1368 withdrawals, 126 reward logs)
ok    events and rewards are in block order with no log twice
ok    every log lies in the blocks read
ok    block times never run backwards
ok    each midnight's block is the last before it
ok    the read covers 00:00 August 30 to the end of October 10 UTC

The share price
ok    the price never falls by more than one part in a billion from one event to the next  (25 falls, the largest 3.95e-19, all from the contract's rounding)
ok    every fall happens inside one block's second
ok    a price at every midnight from August 31 to October 10  (41 midnights, October 11 has no event after it)
ok    the events either side of each midnight are less than four hours apart  (widest 3.41 hours)
ok    no reward payment, end of a vesting window or left-out record falls between the events either side of a midnight  (41 midnights, 252 payment times and window ends, 8 left-out records)
  september, 2026-09-01 to 2026-10-01, 4.7246% a year before compounding, 4.8283% after
  october 1 to 8, 2026-10-01 to 2026-10-09, 4.8901% a year before compounding, 5.0088% after
  september 1 to 15, 2026-09-01 to 2026-09-16, 4.6705% a year before compounding, 4.7766% after
  september 16, 2026-09-16 to 2026-09-17, 4.8681% a year before compounding, 4.9882% after
  september 17 to 30, 2026-09-17 to 2026-10-01, 4.7618% a year before compounding, 4.8724% after
  september 17 to october 8, 2026-09-17 to 2026-10-09, 4.8117% a year before compounding, 4.9220% after
  august 31 to october 9, 2026-08-31 to 2026-10-10, 4.7625% a year before compounding, 4.8647% after
  days from September 1 to October 8 ran from 4.49% on 2026-09-05 to 5.28% on 2026-10-01

Rewards
ok    three reward payments a day, about eight hours apart  (126 payments, gaps of 28812 to 28896 seconds)
ok    each full week's 21 payments are the same amount, with the amount changing every seven days within an hour  (7 amounts, changes on 2026-09-04, 2026-09-11, 2026-09-18, 2026-09-25, 2026-10-02, 2026-10-09)
  126 payments, 5,174,575.33 USDe in September
ok    October 9's rewards over the contract's USDe come within 2% of that day's measured rate  (4.739% against 4.7489% before compounding)
ok    the contract's price on October 12 is above the price at 00:00 October 10 and close to its trend  (1.252629292265, the explorer's latest block 26174153)

What moved the rate
ok    the payments over the USDe behind sUSDe match every day's rate to within 0.001 of a point  (40 days, largest gap 0.000692 of a point, starting from 1,337.3 million USDe at 00:00 UTC August 31)
ok    the USDe behind sUSDe at the end of October 10 is within 1% of the contract's totalAssets read on October 12  (1,213.6 million against 1,215.4 million)
ok    leaving out a deposit or withdrawal of 500,000 USDe at noon on September 5, 20 or October 5 widens the largest gap past 0.001 of a point  (0.00123 to 0.00205 of a point)
ok    the week from October 2 paid less a payment than the week from September 4 and a higher rate on every day  (54,933.39 against 56,881.00 USDe, 4.93% and up against 4.78% and down, days 2026-10-03 to 2026-10-08 and 2026-09-05 to 2026-09-10)
  the USDe behind sUSDe averaged most on 2026-09-05, 1,416.6 million, and sUSDe's lowest day was 2026-09-05

EthenaPay
ok    the Pricing page, FAQ and Terms set Standard at 5% to $5,000 and Pro and VIP at 6% to $100,000 and $1,000,000
ok    the Daily Boost review dates the rate change
ok    the Daily Boost review's September total is the cash-flow review's  (13064.13 USDe)
ok    the daily shares reproduce the Daily Boost review's models
ok    the standard and 6% totals match the Daily Boost review's compounded figures
  within the caps 5.02% and 6.07% after compounding, base 4.0% then 4.5%
  all balances, September 4.70% before compounding, October 1 to 8 5.39% and 5.54%
ok    standard, the balance where EthenaPay's rate meets sUSDe's lies above the cap  (6,187 USDe)
ok    pro, the balance where EthenaPay's rate meets sUSDe's lies above the cap  (369,372 USDe)
ok    vip, the balance where EthenaPay's rate meets sUSDe's lies above the cap  (3,693,720 USDe)
  balances where EthenaPay's rates from September 17 meet sUSDe's 4.9220% for the same days, standard 6,187, pro 369,372, vip 3,693,720
ok    the days above the Standard rate split into 8 in the two largest weeks and 2 others, September 16 and October 8
ok    sUSDe paid more than the base rate and less than the Pro and VIP rate on every day compared
  sUSDe above the Standard rate on 10 of 38 days

All 46 checks passed. Tables written to out/.
