> ## Documentation Index
> Fetch the complete documentation index at: https://docs.alphaengine.trade/llms.txt
> Use this file to discover all available pages before exploring further.

# Public Settlement

> Why AlphaEngine protects pre-selection strategy logic while final effects can remain public.

AlphaEngine is built for public markets. That means final effects can be public.

The privacy goal is to protect strategy inputs and decisioning during submission
and evaluation. It is not to make every final market action invisible.

## The boundary

<Callout>
  Private before selection. Public after effects.
</Callout>

This boundary keeps the product honest:

<CardGroup cols={2}>
  <Card title="Private before selection" icon="lock">
    Builders do not have to reveal their edge before evaluation.
  </Card>

  <Card title="Evidence for allocators" icon="file-check">
    Allocators can inspect scores, diagnostics, hashes, and artifacts.
  </Card>

  <Card title="Auditable effects" icon="table">
    Final effects remain inspectable after execution.
  </Card>

  <Card title="Risk review" icon="shield">
    Risk and policy can be reviewed after the fact.
  </Card>
</CardGroup>

## What public settlement can reveal

Final effects can reveal:

<AccordionGroup>
  <Accordion title="Market and route effects">
    Asset movement, market impact, and route-level behavior.
  </Accordion>

  <Accordion title="Timing">
    Execution timing and cadence can be visible.
  </Accordion>

  <Accordion title="Repeated behavior">
    Approximate strategy behavior may be inferred over repeated public activity.
  </Accordion>
</AccordionGroup>

This is why documentation must not promise full end-to-end secrecy.

## Why public effects are useful

Public effects make it possible to audit:

* whether execution followed approved policy,
* whether reported outcomes match observable effects,
* whether guardrails held,
* whether artifacts describe what happened.

## Related pages

<CardGroup cols={3}>
  <Card title="Privacy model" icon="lock" href="/trust/privacy-model">
    What is hidden and what can leak.
  </Card>

  <Card title="Guarded vaults" icon="shield" href="/capital/guarded-vaults">
    Future deployment under explicit guardrails.
  </Card>

  <Card title="Private strategy evaluation flow" icon="file-check" href="/architecture/private-strategy-evaluation-flow">
    Protected inputs before public evidence.
  </Card>
</CardGroup>