On-policy self-distillation (SD) improves LLM reasoning by using teacher-side privileged information (PI) to turn sparse verifier outcomes into dense token-level supervision. Existing methods usually assume trusted PI, such as reference answers or successful traces. We ask whether PI can instead come from an experience-derived skill bank, where retrieved skills are compact and reusable but may also be irrelevant or misleading. We propose Skill-Conditioned Gated Self-Distillation (SGSD), which formulates skill-based SD as teacher hypothesis validation rather than unconditional imitation. SGSD retrieves skill-mistake pairs, constructs a multi-teacher pool, and lets all skill-conditioned teachers score the same plain-prompt student rollout. The verifier validates each teacher’s polarity: supporting a success or suppressing a failure gives positive supervision, while the opposite stance is reversed. A robust gated objective then distills informative teacher-student disagreements while suppressing uncertain or extreme signals. Experiments on multiple mathematical reasoning benchmarks show that SGSD consistently improves over GRPO and remains competitive with answer-conditioned OPSD under a weaker PI assumption. For example, on Qwen3-1.7B, SGSD outperforms GRPO by 6.2% and OPSD by 1.7% on AIME24, AIME25, and HMMT25.

Reinforcement Learning with Verifiable Rewards (RLVR) for LLM reasoning is often framed as balancing exploration and exploitation in action space, typically operationalized with token-level proxies (e.g., output entropy or confidence). We argue that this apparent trade-off is largely a measurement artifact: token-level statistics reflect next-token uncertainty rather than how reasoning progresses over multi-token semantic structures. We therefore study exploration and exploitation in the hidden-state space of response trajectories. We use Effective Rank (ER) to quantify representational exploration and introduce its temporal derivatives, Effective Rank Velocity (ERV) and Effective Rank Acceleration (ERA), to characterize exploitative refinement dynamics. Empirically and theoretically, ER and ERV exhibit near-zero correlation in semantic space, suggesting the two capacities can be improved simultaneously. Motivated by this, we propose Velocity-Exploiting Rank Learning (VERL), which shapes the RL advantage with an auxiliary signal derived from ER/ERV and uses the more stable ERA as a meta-control variable to adaptively balance the incentives. Across multiple base models, RL algorithms, and reasoning benchmarks, VERL yields consistent improvements, including large gains on challenging tasks (e.g., 21.4% in Gaokao 2024).