The proof run
One real mainnet PancakeSwap V3 rebalance, executed under a spend-capped, revocable charter. A deliberately narrow range (~0.3%) is opened so it drifts out within hours; this page captures it earning nothing, the agent re-centring it, and every cost — and if the rebalance reverts, it captures that instead.
Complete — re-centred on mainnetBSC mainnet · 56 captured 2026-09-08 01:41Z
The charter it runs under
- Spend cap
- $60.00 MEASURED
- Expires
- 2026-09-09 23:54Z
- Contract allowlist — the only addresses it can touch
- 0x172fcD41…46f849 0x46A15B0b…7F4364 0x1b81D678…13eB14 0xbb4CdB9C…bc095c 0x55d39832…197955
The same guardrails the Desk states — slippage cap, deadline ≤ 5 minutes, approvals scoped to the exact amount, atomic multicall, a token safelist — apply to every transaction below.
What happened
The band was opened ~0.3% wide on BNB/USDT 0.01%. As BNB volatility fell through the session it kept drifting back in, so the band was narrowed twice to stay meaningful; on the razor band it drifted below range and stayed there — a cumulative 0.9h holding 100% USDT and earning zero fees — and Bound then re-centred it around the live price.
Before — out of range, earning nothing
- Range
- $740.46 — $740.61 / BNB
- Range ticks
- [-66078, -66076]
- Current tick
- -66091 ONCHAIN
- Out of range since
- 2026-09-08 01:02Z
- Hours out of range
- 0.9h MEASURED
- Fees earned while out
- $0.00
The transactions
- 01Mint the deliberately-narrow rangeONCHAIN0xb32c204f143b233f5f38958fecda083141efd85f0352ca08bdc116703c8688ed
- 02Withdraw the drifted position — decreaseLiquidity + collectONCHAIN0xfe41a8a1218e2e8c9f206c26565a537879f1de090b258e8bd64d41d925bc9001
- 03Swap toward 50/50 at the current priceONCHAIN0xd795d4879ee16f21f6d54a7f404cc1f7e3928241ec9a0a0c0f6afc3618fb46e9
- 04Open the re-centred rangeONCHAIN0x83f635fc30e74e26e36575be3c179301e96de01e6a5839b6d478fba33725a806
After — re-centred, earning again
- New range
- $738.17 — $744.84 / BNB
- New range ticks
- [-66135, -66045]
- Current tick
- -66090
- In range
- yes — fees resumed
- Fees resumed at block
- 120600044
What it cost
- Realised slippage
- < 1 bps ONCHAIN below 1 bps — a ~$26 USDT→WBNB rebalancing swap against the 0.01% pool, which holds the deepest BNB/USDT liquidity on PancakeSwap V3
- Gas (all transactions)
- $0.10 ONCHAIN 0.000131 BNB total across all six transactions, at ~0.05 gwei
- Agent fee
- $0.15