The paper shows that a derivation graph satisfies the global trace condition if and only if its image under a suitable adjoint is a recursive coalgebra, yielding soundness under an assumption on the semantic algebra.
Bouncing threads for circular and non-wellfounded proofs: Towards compositionality with circular proofs
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Coalgebraic Non-Wellfounded Proofs: Recursiveness and GTC
The paper shows that a derivation graph satisfies the global trace condition if and only if its image under a suitable adjoint is a recursive coalgebra, yielding soundness under an assumption on the semantic algebra.