Transparency
dMSTRLocal
What backs the token, where the keeper’s lines are, and every action it has taken. Read straight from the keeper’s own records.
Last snapshot 20 s ago
Leverage bandin band
2.00x
1.80x2.00x2.30x2.60x
Venue equity / notionalbetween floor and ceiling
25.0%
17.9%25%32.1%17.9%
Action ladder
At what underlying move does each keeper action fire, from the latest snapshot and this token's policy.
−18%
−12%
−6%
+6%
+12%
+18%
$123.15
$125.52
$136.08
$137.98
$141.02
$157.18
$130.13
If the price falls
- Band edge 1.80x−3.5% · $125.52Rebalance up to target (external session only)
- Margin ceiling 32.1% of notional−5.4% · $123.15Withdraw excess collateral to idle
If the price rises
- Band edge 2.30x+4.6% · $136.08Rebalance down to target (any hour)
- Margin floor 17.9% of notional+6.0% · $137.98Top up collateral from idle
- Hard delever 2.60x+8.4% · $141.02Emergency delever to target, market order
- Liquidation (est.)+20.8% · $157.18Phoenix liquidates the account; the stop and top-ups sit well before this
Computed from realised leverage 1.998x and venue equity at 25.0% of notional at mark $130.13, holding everything else fixed. Margin distances follow this token's own policy: lower tiers post more collateral, so a 2x token has further to fall than a 3x one (D27). Liquidation is where equity reaches the 3.5% maintenance margin Phoenix requires on notional (registry value, Q13); the on-chain stop and the keeper's top-ups are designed to act well before it. Estimates for reading, not for trading.
Leverage over time
Realised leverage against the band, the target and the hard-delever line. Markers are keeper actions; hover for reason, before/after and fill.
Realised leverageBand 1.8x–2.3xHard delever 2.6xRebalanceEmergency delever
Margin over time
Venue equity (collateral plus unrealised PnL) as a share of notional, against the floor, target and ceiling. Distances do not depend on leverage. Top-ups and withdrawals are the keeper's margin loop; the stop is refreshed after every rebalance.
Venue equity / notionalFloor 17.9% – ceiling 32.1%Top-upWithdraw excessStop set
Buffers and capacity
Idle USDC pays instant redemptions and Jupiter sells; collateral sits at Phoenix; the cap bounds TVL against Phoenix depth.
Idle USDC in vault2,500 of 4,999 USDC · 50.0%
Collateral at Phoenix (share of NAV)2,497 USDC · equity 25.0% of notional
Pending redemptionsnone
Cap used$4,998.84 of $250.0K
- LP supply
- 5,000 dMSTR
- NAV per token
- 0.999768 USDC
- Unrealised PnL
- 3.03 USDC
- Funding (annualised)
- —
Session
How the underlying is being priced right now.
impact pricingImpact pricing
The underlying exchange is closed. Phoenix prices the market from its own order flow, bounded to 1/max-leverage from the last external print. NAV marks to that price. Only defensive rebalances run; NAV shows "internal pricing".
- Mark
- $130.13
- Index
- none (no external print)
- Pool price
- no pool
- Premium to NAV
- —
- Realised vs target
- 1.998x / 2.0x
Keeper liveness
Heartbeats, halted flag and per-loop status. Two keepers on different RPCs are the target.
- keeper-stagingv0.1.0 · surfpool#0 · heartbeat 14 s agostream ✓dMSTR:band ✓dMSTR:stop ✓dMSTR:tick ✓dNVDA:band ✓dNVDA:stop ✓dNVDA:tick ✓dTSLA:band ✓dTSLA:stop ✓dTSLA:tick ✗ 1uMSTR:band ✓uMSTR:stop ✓uMSTR:tick ✓uNVDA:band ✓uNVDA:stop ✓uNVDA:tick ✓uTSLA:band ✓uTSLA:stop ✓uTSLA:tick ✓dMSTR:crank ✓dMSTR:guard ✓dNVDA:crank ✓dNVDA:guard ✓dTSLA:crank ✓dTSLA:guard ✓dUS100:band ✓dUS100:stop ✓dUS100:tick ✓dUS500:band ✓dUS500:stop ✓dUS500:tick ✓uMSTR:crank ✓uMSTR:guard ✓uNVDA:crank ✓uNVDA:guard ✓uTSLA:crank ✓uTSLA:guard ✓uUS100:band ✓uUS100:stop ✓uUS100:tick ✓uUS500:band ✓uUS500:stop ✓uUS500:tick ✗ 1dMSTR:inflow ✓dMSTR:margin ✓dMSTR:redeem ✓dNVDA:inflow ✓dNVDA:margin ✓dNVDA:redeem ✓dTSLA:inflow ✓dTSLA:margin ✓dTSLA:redeem ✓dUS100:crank ✓dUS100:guard ✓dUS500:crank ✓dUS500:guard ✓uMSTR:inflow ✓uMSTR:margin ✓uMSTR:redeem ✓uNVDA:inflow ✓uNVDA:margin ✓uNVDA:redeem ✓uTSLA:inflow ✓uTSLA:margin ✓uTSLA:redeem ✓uUS100:crank ✓uUS100:guard ✓uUS500:crank ✓uUS500:guard ✓dMSTR:harvest ✗ 1dNVDA:harvest ✗ 1dTSLA:harvest ✗ 1dUS100:inflow ✓dUS100:margin ✓dUS100:redeem ✓dUS500:inflow ✓dUS500:margin ✓dUS500:redeem ✓uMSTR:harvest ✗ 1uNVDA:harvest ✗ 1uTSLA:harvest ✗ 1uUS100:inflow ✓uUS100:margin ✓uUS100:redeem ✓uUS500:inflow ✓uUS500:margin ✓uUS500:redeem ✓dUS100:harvest ✗ 1dUS500:harvest ✗ 1uUS100:harvest ✗ 1uUS500:harvest ✗ 1
- keeper-ahaltedv0.1.0 · test · heartbeat 15 min ago (stale)
Alerts
Raised by the keeper, resolved when the condition clears.
- warningTICK_FAILED · dMSTR12 Sep 22:30 UTC → resolved 29 min agodMSTR: tick failed: Hawkeye return data expected at least 8 bytes, got 0
- warningDEPTH_UNAVAILABLE · dMSTR12 Sep 22:30 UTC → resolved 30 min agodMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · dMSTR12 Sep 22:18 UTC → resolved 41 min agodMSTR: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · dMSTR12 Sep 22:08 UTC → resolved 48 min agodMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · dMSTR12 Sep 21:59 UTC → resolved 60 min agodMSTR: tick failed: phoenix /exchange/markets -> 429
Event log
Every action planned, sent or observed for this token, newest first.
| Time | Kind | Status | Reason | Leverage | Amount | Fill / mark | Slip | Tx |
|---|---|---|---|---|---|---|---|---|
| 12 Sep 23:01 UTC | Crank | confirmed | crank: receipt 78s old, session impact | 2.00x → — | — | — | — | 3oWz…CfXp |
| 12 Sep 22:59 UTC | Crank | confirmed | first crank for dMSTR | 2.00x → — | — | — | — | 3y1Y…x3ay |
| 12 Sep 22:59 UTC | Crank | skipped | the adaptor cannot place a conditional stop yet (#8); there is no keeper-independent backstop until it can, so keeper uptime is the only protection | — | — | — | — | — |
| 12 Sep 22:36 UTC | Crank | confirmed | crank: receipt 124s old, session impact | 2.00x → — | — | — | — | 28Cu…YrvZ |
| 12 Sep 22:34 UTC | Crank | confirmed | crank: receipt 135s old, session impact | 2.00x → — | — | — | — | 2Pd3…ny4p |
| 12 Sep 22:34 UTC | Crank | skipped | the adaptor cannot place a conditional stop yet (#8); there is no keeper-independent backstop until it can, so keeper uptime is the only protection | — | — | — | — | — |
| 12 Sep 22:32 UTC | Crank | confirmed | crank: receipt 206s old, session impact | 2.00x → — | — | — | — | 2Gn9…wcTc |
| 12 Sep 22:30 UTC | Crank | confirmed | crank: receipt 95s old, session impact | 2.00x → — | — | — | — | 35vL…f5Cs |
| 12 Sep 22:30 UTC | Crank | skipped | the adaptor cannot place a conditional stop yet (#8); there is no keeper-independent backstop until it can, so keeper uptime is the only protection | — | — | — | — | — |
| 12 Sep 22:28 UTC | Crank | confirmed | crank: receipt 158s old, session impact | 2.00x → — | — | — | — | 679X…vmwD |
| 12 Sep 22:25 UTC | Crank | confirmed | crank: receipt 122s old, session impact | 2.00x → — | — | — | — | 4SbL…DHrD |
| 12 Sep 22:25 UTC | Crank | skipped | the adaptor cannot place a conditional stop yet (#8); there is no keeper-independent backstop until it can, so keeper uptime is the only protection | — | — | — | — | — |
| 12 Sep 22:23 UTC | Crank | confirmed | crank: receipt 228s old, session impact | 2.00x → — | — | — | — | 2xEu…rEXd |
| 12 Sep 22:19 UTC | Crank | confirmed | crank: receipt 265s old, session impact | 2.00x → — | — | — | — | RCnB…Udnp |
| 12 Sep 22:19 UTC | Crank | skipped | the adaptor cannot place a conditional stop yet (#8); there is no keeper-independent backstop until it can, so keeper uptime is the only protection | — | — | — | — | — |
| 12 Sep 22:15 UTC | Crank | confirmed | crank: receipt 97s old, session impact | 2.00x → — | — | — | — | 5yLH…oWh1 |
| 12 Sep 22:13 UTC | Crank | confirmed | first crank for dMSTR | 2.00x → — | — | — | — | 4PcC…u7US |
| 12 Sep 22:13 UTC | Crank | skipped | the adaptor cannot place a conditional stop yet (#8); there is no keeper-independent backstop until it can, so keeper uptime is the only protection | — | — | — | — | — |
| 12 Sep 22:08 UTC | Crank | confirmed | crank: receipt 106s old, session impact | 2.01x → — | — | — | — | 2hNW…jiVy |
| 12 Sep 22:06 UTC | Crank | confirmed | crank: receipt 159s old, session impact | 2.01x → — | — | — | — | Nwmd…zNJM |
| 12 Sep 22:06 UTC | Crank | skipped | the adaptor cannot place a conditional stop yet (#8); there is no keeper-independent backstop until it can, so keeper uptime is the only protection | — | — | — | — | — |
| 12 Sep 22:04 UTC | Crank | confirmed | attempt 1: Solana error #-32002; Decode this error by running `npx @solana/errors decode -- -32002 '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'` | 2.01x → — | — | — | — | 4Fxz…SKzk |
| 12 Sep 22:01 UTC | Crank | confirmed | crank: receipt 239s old, session impact | 2.01x → — | — | — | — | 4xKR…K7cw |
| 12 Sep 22:01 UTC | Crank | skipped | the adaptor cannot place a conditional stop yet (#8); there is no keeper-independent backstop until it can, so keeper uptime is the only protection | — | — | — | — | — |
| 12 Sep 21:57 UTC | Crank | confirmed | first crank for dMSTR | 2.01x → — | — | — | — | tJiD…bWXs |
| 12 Sep 21:57 UTC | Crank | skipped | the adaptor cannot place a conditional stop yet (#8); there is no keeper-independent backstop until it can, so keeper uptime is the only protection | — | — | — | — | — |