diff --git a/CLAUDE.md b/CLAUDE.md
index d571b43..3380b80 100644
--- a/CLAUDE.md
+++ b/CLAUDE.md
@@ -4,7 +4,7 @@ This file provides guidance to Claude Code (claude.ai/code) when working with co
 
 ## Repo identity and current state
 
-The CMake project and binary are now named `reaper_reasampler`. This is **ReaSampler** — a per-project audio sample-bank capture tool. The MPE modules (`mpe_model`, `mpe_view`) have been removed; `bank_model` exists as a pure-core placeholder (Milestone 0). The remaining sampler module set (`peaks`, `capture`, `insert`, `bank_panel`, `persist`, `actions`) is being built out per CONTEXT.md / PLAN.md. The *discipline* — pure REAPER-free testable core split from REAPER-facing shells — is **preserved** throughout.
+The CMake project and binary are now named `reaper_reasampler`. This is **ReaSampler** — a per-project audio sample-bank capture tool. The MPE modules (`mpe_model`, `mpe_view`) have been removed. The pure core (M0–M2) is complete: `bank_model` (Sample metadata + BankIndex with JSON round-trip) and `peaks` (waveform min/max bin computation) are both implemented and fully tested. The REAPER-facing shells (`capture`, `insert`, `bank_panel`, `persist`, `actions`) are being built out per CONTEXT.md / PLAN.md. The *discipline* — pure REAPER-free testable core split from REAPER-facing shells — is **preserved** throughout.
 
 CONTEXT.md is the authoritative spec and build roadmap. Read it first for any non-trivial task. Every REAPER API name cited there is correct-by-intent; verify argument order, types, and flag values against `vendor/reaper-sdk/sdk/reaper_plugin_functions.h` before use.
 
@@ -22,11 +22,12 @@ Vendors two submodules (see `.gitmodules`):
     cmake --build build
     ctest --test-dir build
 
-Two targets:
+Three targets:
 
 | Target | Kind | Purpose |
 |---|---|---|
-| `bank_model_tests` | executable | Pure unit tests — no REAPER, no DAW. This is the fast iteration loop. |
+| `bank_model_tests` | executable | Pure unit tests for `bank_model` — no REAPER, no DAW. |
+| `peaks_tests` | executable | Pure unit tests for `peaks` — no REAPER, no DAW. |
 | `reaper_reasampler` | loadable module | The actual extension binary (`.dll` / `.dylib` / `.so`). |
 
 ### macOS / Linux: SWELL dialog resources
diff --git a/COMPLETED.md b/COMPLETED.md
index 3a7b7dd..0b72be3 100644
--- a/COMPLETED.md
+++ b/COMPLETED.md
@@ -53,3 +53,17 @@ only** invariant enforced at the model boundary (no absolute path accepted/store
 - [x] Tests: full-field round-trip lossless; dedup collapses equal-hash adds;
   tier filter/move correct; relative-path invariant rejects absolute paths;
   empty-index and malformed-JSON edge cases.
+
+---
+
+## Milestone 2 — peaks (pure)
+**Goal:** Compute waveform min/max bins from raw PCM, dependency-free (not
+REAPER's peak API). CONTEXT.md §Module architecture, §Non-goals.
+**Verify:** CTest green. Fed a known signal (full-scale sine, ramp), asserted
+min/max envelope per bin matches expected within tolerance; channel count
+preserved; bin count honored for arbitrary sample lengths (incl. remainder bin).
+
+- [x] Min/max bin computation from interleaved PCM given a target bin count.
+- [x] Multi-channel handling (per-channel envelope; no silent fold).
+- [x] Tests: sine envelope ≈ ±amplitude; ramp envelope monotonic; DC/silence →
+  zero envelope; short-buffer and non-divisible-length edge cases.
diff --git a/PLAN.md b/PLAN.md
index f07de3e..1f06a4a 100644
--- a/PLAN.md
+++ b/PLAN.md
@@ -14,20 +14,6 @@ it here and appends it to `COMPLETED.md`.
 
 ---
 
-## Milestone 2 — peaks (pure)
-**Goal:** Compute waveform min/max bins from raw PCM, dependency-free (not
-REAPER's peak API). CONTEXT.md §Module architecture, §Non-goals.
-**Verify:** CTest green. Fed a known signal (full-scale sine, ramp), asserted
-min/max envelope per bin matches expected within tolerance; channel count
-preserved; bin count honored for arbitrary sample lengths (incl. remainder bin).
-
-- [ ] Min/max bin computation from interleaved PCM given a target bin count.
-- [ ] Multi-channel handling (per-channel envelope; no silent fold).
-- [ ] Tests: sine envelope ≈ ±amplitude; ramp envelope monotonic; DC/silence →
-  zero envelope; short-buffer and non-divisible-length edge cases.
-
----
-
 ## Milestone 3 — Offline capture spike (REAPER shell)
 **Goal:** Offline-render the time-selection master mix to a wav in the project
 bank folder, add a `Sample`, log it. The render-driving spike. CONTEXT.md