Yea, Your on the right track. you've fried the CVT! Time for a rebuild. due to the melted stuff. it appears you cooked it to terminal destruction. If it were me, I wouldn't bother trying to salvage the variator and clutch.
I'd replace the whole system. The cvt components after such a melt down never seem to function properly again. Intense heat will warp and soften your pulley faces causing them to wear quickly. The rollers may never travel up the ramps again without sticking. the clutch bell gets blued from the heat and slips. After the contra spring gets hot it looses tension. And so the list goes on. In the end, you'll save time, money and frustration by total replacement.
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