Crypto round 1326 returned about 1.10% of its own principal. Multiplying that number by 260 produces about 285%, but it does not establish an annual return on the capital needed to fund a year of overlapping positions.
Revised September 8, 2026. The previous annual-yield rankings are withdrawn pending a reconstruction of committed capital and settlement windows. They should not be extended into the atomic era.
Match the numerator and denominator
The captured round had net payout of 24.84747 NMR and principal of 2,268.05776 NMR. Their ratio is 1.09554%. It describes one settled position. Funding many simultaneous positions requires additional capital until earlier ones release funds.
To compute an account-window return, retain capital already locked when the window starts, new capital committed afterward, releases available for reuse, and the outcomes settled within the window. Reusing a released token is not another external contribution. The upstream leaderboard return convention is distinct from dividing each round’s outcome by its principal.
Partial years require more than a multiplier
A short observation window can include startup funding before the first settlement, a pause, a migration, or claims from positions opened earlier. Scaling a short-window ratio to 365 days ignores those changes. The Tokenomics table therefore reports unannualized round returns.
I would publish an annual capital-return estimate only alongside the funding and settlement ledger that reproduces it. A pool-average score series cannot stand in for an investable account path.
Method: confirmed public Crypto round outcomes captured September 8, 2026. Each plotted point divides that round’s net NMR by its same-round principal. Regimes are separated; no account return, cadence annualization or future projection is calculated.