Transparency

dNVDALive

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 7 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.

impact pricing

−19%

−13%

−6%

+6%

+13%

+19%

$206.66

$210.62

$228.36

$231.57

$236.64

$266.35

$218.46

If the price falls

Band edge 1.80x−3.6% · $210.62
Rebalance up to target (external session only)
Margin ceiling 32.1% of notional−5.4% · $206.66
Withdraw excess collateral to idle

If the price rises

Band edge 2.30x+4.5% · $228.36
Rebalance down to target (any hour)
Margin floor 17.9% of notional+6.0% · $231.57
Top up collateral from idle
Hard delever 2.60x+8.3% · $236.64
Emergency delever to target, market order
Liquidation (est.)+21.9% · $266.35
Phoenix liquidates the account; the stop and top-ups sit well before this

Computed from realised leverage 2.001x and venue equity at 25.0% of notional at mark $218.46, 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 2.5% 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 4,998 USDC · 50.0%

Collateral at Phoenix (share of NAV)2,496 USDC · equity 25.0% of notional

Pending redemptionsnone

Cap used$4,998.28 of $250.0K

LP supply: 5,000 dNVDA
NAV per token: 0.999656 USDC
Unrealised PnL: 1.79 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: $218.46
Index: none (no external print)
Pool price: no pool
Premium to NAV: —
Realised vs target: 2.001x / 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 5 s ago
stream ✓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 ✗ 1dMSTR: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 ✓dMSTR: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 ✓dTSLA:harvest ✓dUS100:inflow ✓dUS100:margin ✓dUS100:redeem ✓dUS500:inflow ✓dUS500:margin ✓dUS500:redeem ✓uMSTR:harvest ✗ 1uNVDA:harvest ✗ 1uTSLA:harvest ✓uUS100:inflow ✓uUS100:margin ✓uUS100:redeem ✓uUS500:inflow ✓uUS500:margin ✓uUS500:redeem ✓dUS100:harvest ✗ 1dUS500:harvest ✗ 1uUS100:harvest ✗ 1uUS500:harvest ✗ 1

Alerts

Raised by the keeper, resolved when the condition clears.

warning
TICK_FAILED · dNVDA12 Sep 23:37 UTC → resolved 5 min ago
dNVDA: tick failed: Hawkeye return data expected at least 8 bytes, got 0
warning
DEPTH_UNAVAILABLE · dNVDA12 Sep 23:28 UTC → resolved 14 min ago
dNVDA: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
warning
TICK_FAILED · dNVDA12 Sep 23:23 UTC → resolved 18 min ago
dNVDA: tick failed: Hawkeye return data expected at least 8 bytes, got 0
warning
DEPTH_UNAVAILABLE · dNVDA12 Sep 23:12 UTC → resolved 28 min ago
dNVDA: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
warning
TICK_FAILED · dNVDA12 Sep 23:08 UTC → resolved 34 min ago
dNVDA: tick failed: Hawkeye return data expected at least 8 bytes, got 0
warning
DEPTH_UNAVAILABLE · dNVDA12 Sep 23:02 UTC → resolved 40 min ago
dNVDA: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
warning
DEPTH_UNAVAILABLE · dNVDA12 Sep 22:33 UTC → resolved 1.1 h ago
dNVDA: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
warning
DEPTH_UNAVAILABLE · dNVDA12 Sep 22:29 UTC → resolved 1.2 h ago
dNVDA: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth

Event log

Every action planned, sent or observed for this token, newest first.

all rebalance emergency delever margin top-up withdraw excess margin set stop mint redeem crank keeper halt

No events of these kinds recorded yet.