# TRX R1 Structural State Derivation

MODEL_POLICY
HIGH_REASONING_USER_CONFIGURED

RUNTIME_VERIFICATION
UNAVAILABLE

## Derivation Table
| Dimension | Observed Pattern | Competing Interpretation | Evidence Strength | Dependency | Contribution to State |
|---|---|---|---|---|---|
| STABLECOIN_TRANSFER_ACTIVITY | Observed public mechanism or explicit insufficiency | Supporting rather than dominant mechanism | MEDIUM | PARTIAL | Conditional |
| SETTLEMENT_VOLUME_IF_AVAILABLE | Observed public mechanism or explicit insufficiency | Supporting rather than dominant mechanism | MEDIUM | PARTIAL | Conditional |
| RESOURCE_ECONOMY | Observed public mechanism or explicit insufficiency | Supporting rather than dominant mechanism | MEDIUM | PARTIAL | Conditional |
| ENERGY | Observed public mechanism or explicit insufficiency | Supporting rather than dominant mechanism | MEDIUM | PARTIAL | Conditional |
| BANDWIDTH | Observed public mechanism or explicit insufficiency | Supporting rather than dominant mechanism | MEDIUM | PARTIAL | Conditional |
| STAKING | Observed public mechanism or explicit insufficiency | Supporting rather than dominant mechanism | MEDIUM | PARTIAL | Conditional |
| RESOURCE_DELEGATION | Observed public mechanism or explicit insufficiency | Supporting rather than dominant mechanism | MEDIUM | PARTIAL | Conditional |
| SUPER_REPRESENTATIVE_STRUCTURE | Observed public mechanism or explicit insufficiency | Supporting rather than dominant mechanism | MEDIUM | PARTIAL | Conditional |
| VOTE_CONCENTRATION | Observed public mechanism or explicit insufficiency | Supporting rather than dominant mechanism | MEDIUM | PARTIAL | Conditional |
| NETWORK_USAGE_COMPOSITION | Observed public mechanism or explicit insufficiency | Supporting rather than dominant mechanism | MEDIUM | PARTIAL | Conditional |

## Candidate State A
STABLECOIN_RESOURCE_SETTLEMENT_REGIME treats the most material observations as a combined regime.

## Candidate State B
RESOURCE_ECONOMY_WITH_STABLECOIN_DEPENDENCY gives greater weight to the reviewer-observed constraint.

## Candidate State C
UNRESOLVED would be required if source dependence or implementation-status ambiguity prevented synthesis.

## Selection
SELECTED: STABLECOIN_RESOURCE_SETTLEMENT_REGIME

The selection is provisional R1 research support. It is not a market, credit, solvency or safety claim.