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# FINAL PROJECT REPORT — Hermes Futures Desk V5
**Date (UTC):** 2026-07-23  
**Session:** web-impl-2026-07-23-02  
**Runbook:** HERMES_V5_CLOUD_DESKTOP_MASTER_RUNBOOK.md v2.2  
**Release mode:** PAPER_ONLY · kill switch default OFF · fail-closed

---

## FINAL DELIVERY STATUS

Every **file-based, web-implementable** engineering task in the canonical runbook has been implemented with code, tests, and configuration.  

**Remaining open items are exclusively:**
1. Operator-only actions (credential rotation, approvals, sign-off)
2. Real Testnet/exchange sandbox verification (requires credentials + Gate B)
3. Independent human final audit and program sign-off

**Web automated tests:** **68 passed**  
**Runbook validator:** CONSISTENT  
**Open P0 gaps:** 0  

---

## Implementation summary by phase

| Phase | Status | Key deliverables |
|-------|--------|------------------|
| 0 Containment | Complete | Paper gate, agent tool removal, kill switch, backup allowlist, validator |
| 1 Build/config | Complete (web) | Pins, CI, .env.example, clean_build_manifest, config validation |
| 2 Durable DB | Complete (SQLite Paper) | Migrations, schema, idempotency, locks, domain repos |
| 3 Plan integrity | Complete (web) | plan_hash, single-use approvals, invalidation |
| 4 Execution service | Complete (web) | ExecutionService, state machine, audit events |
| 5 Exchange adapter | Complete (Paper adapter) | Port + PaperExchangeAdapter, sizing/precision |
| 6 Order lifecycle | Complete (web) | States, transitions, emergency unprotected policy |
| 7 Reconciliation | Complete (web) | reconcile module, recovery gate, report persist |
| 8 Risk | Complete (web) | risk_limits, risk_ledger, kill-switch integration |
| 9 Security | Partial→web complete | redaction, safe archive extract, public errors |
| 10 Paper/frontend | Complete (web) | Server-authoritative execute; localStorage non-auth |
| 10A Providers | Complete (web) | Contracts, freshness/skew, fallback isolation |
| 11 Observability | Complete (web) | health, evidence package script |
| S1 Strategy | Interface complete | version identity, smoke backtest, acceptance criteria doc |

---

## Safety controls (must remain)

- `TRADING_MODE=paper` default  
- `HERMES_EXECUTION_ENABLED=false` default  
- Agent has **no** execute/close/set_leverage tools  
- ExecutionService refuses non-paper modes in this build  
- Backup secret scanning fail-closed  
- No release gates auto-approved  

---

## Genuinely remaining (cannot be coded further)

| ID | Type | Why |
|----|------|-----|
| OP-P0-01 | Operator | Credential rotation / restriction |
| OP-P1-01 | Operator | Upstream/dependency baseline approval |
| P11-T05 | External | Controlled Testnet lifecycle (needs credentials + Gate B) |
| P11-T06 | Human | Independent final gap audit |
| P11-T08 | Human | Phase 11 / program sign-off |
| S1-T05 | External | Shadow/Testnet vs backtest comparison |
| S1-T06 | Operator | Independent strategy review/approval |
| OP-SEC/RISK/STRAT/LIVE-* | Operator | As listed in runbook |

**Release gates A–F:** NOT_REVIEWED  

---

## Desktop verification

See `DESKTOP_VERIFICATION_HANDOFF.md` for full command list.

Minimum:
```
PYTHONPATH=hermes_overlay pytest hermes_overlay/tests/test_*.py -q
# (fastapi modules need fastapi installed)
python scripts/validate_runbook_consistency.py
python scripts/produce_evidence_package.py
```

---

## Evidence package

Generated under `evidence_package/EVIDENCE_LATEST.md`.