Transparency
dUS100Local
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 3 min ago
Leverage bandin band
3.01x
2.70x3.00x3.30x4.00x
Venue equity / notionalbetween floor and ceiling
17.4%
12.5%17.5%22.5%12.5%
Action ladder
At what underlying move does each keeper action fire, from the latest snapshot and this token's policy.
−12%
−8%
−4%
+4%
+8%
+12%
$684.86
$694.79
$730.73
$745.73
$761.74
$810.61
$714.51
If the price falls
- Band edge 2.70x−2.8% · $694.79Rebalance up to target (external session only)
- Margin ceiling 22.5% of notional−4.2% · $684.86Withdraw excess collateral to idle
If the price rises
- Band edge 3.30x+2.3% · $730.73Rebalance down to target (any hour)
- Margin floor 12.5% of notional+4.4% · $745.73Top up collateral from idle
- Hard delever 4.00x+6.6% · $761.74Emergency delever to target, market order
- Liquidation (est.)+13.4% · $810.61Phoenix liquidates the account; the stop and top-ups sit well before this
Computed from realised leverage 3.007x and venue equity at 17.4% of notional at mark $714.51, 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 2.7x–3.3xHard delever 4.0xRebalanceEmergency 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 12.5% – ceiling 22.5%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 vault2,375 of 4,989 USDC · 47.6%
Collateral at Phoenix (share of NAV)2,620 USDC · equity 17.4% of notional
Pending redemptionsnone
Cap used$4,988.9 of $250.0K
- LP supply
- 5,000 dUS100
- NAV per token
- 0.997780 USDC
- Unrealised PnL
- −5.83 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
- $714.51
- Index
- none (no external print)
- Pool price
- no pool
- Premium to NAV
- —
- Realised vs target
- 3.007x / 3.0x
Keeper liveness
Heartbeats, halted flag and per-loop status. Two keepers on different RPCs are the target.
- keeper-stagingv0.1.0 · surfpool#0 · heartbeat 6 s agostream ✓dMSTR:band ✓dMSTR:stop ✓dMSTR:tick ✓dNVDA:band ✓dNVDA:stop ✓dNVDA:tick ✗ 1dTSLA:band ✓dTSLA:stop ✓dTSLA:tick ✓uMSTR: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 ✗ 1dUS500: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 ✗ 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 24 min ago (stale)
Alerts · 1 open
Raised by the keeper, resolved when the condition clears.
- warningTICK_FAILED · dUS10012 Sep 23:09 UTCdUS100: tick failed: phoenix /exchange/markets -> 429
- warningTICK_FAILED · dUS10012 Sep 22:36 UTC → resolved 5 min agodUS100: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · dUS10012 Sep 22:14 UTC → resolved 54 min agodUS100: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · dUS10012 Sep 22:08 UTC → resolved 37 min agodUS100: tick failed: fetch failed
- warningDEPTH_UNAVAILABLE · dUS10012 Sep 22:04 UTC → resolved 1.0 h agodUS100: 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.
| Time | Kind | Status | Reason | Leverage | Amount | Fill / mark | Slip | Tx |
|---|---|---|---|---|---|---|---|---|
| 12 Sep 23:07 UTC | Crank | confirmed | crank: receipt 119s old, session impact | 3.01x → — | — | — | — | 4Ci1…YduF |
| 12 Sep 23:07 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 23:05 UTC | Crank | confirmed | crank: receipt 214s old, session impact | 3.01x → — | — | — | — | 2Ngz…Pr3B |
| 12 Sep 23:01 UTC | Crank | confirmed | attempt 1: Solana error #-32002; Decode this error by running `npx @solana/errors decode -- -32002 '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'` | 3.01x → — | — | — | — | 4snQ…oqSy |
| 12 Sep 23:01 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 23:00 UTC | Crank | confirmed | crank: receipt 157s old, session impact | 3.01x → — | — | — | — | 3aq7…MdpP |
| 12 Sep 22:57 UTC | Crank | confirmed | first crank for dUS100 | 3.01x → — | — | — | — | oXJW…Jqix |
| 12 Sep 22:57 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 | — | — | — | — | — |
| 12 Sep 22:35 UTC | Crank | confirmed | attempt 2: Cannot destructure property 'err' of 'data' as it is undefined. | 3.01x → — | — | — | — | 4zMc…Rmrz |
| 12 Sep 22:33 UTC | Crank | confirmed | crank: receipt 218s old, session impact | 3.01x → — | — | — | — | VsGh…wYaL |
| 12 Sep 22:33 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 22:29 UTC | Crank | confirmed | crank: receipt 142s old, session impact | 3.01x → — | — | — | — | 2cDp…44o2 |
| 12 Sep 22:27 UTC | Crank | confirmed | attempt 1: Solana error #-32002; Decode this error by running `npx @solana/errors decode -- -32002 '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'` | 3.01x → — | — | — | — | 3LBW…FU75 |
| 12 Sep 22:26 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 22:24 UTC | Crank | confirmed | crank: receipt 147s old, session impact | 3.01x → — | — | — | — | 5qDH…LyVP |
| 12 Sep 22:22 UTC | Crank | confirmed | crank: receipt 205s old, session impact | 3.01x → — | — | — | — | 5SSX…QBwY |
| 12 Sep 22:22 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 22:18 UTC | Crank | confirmed | crank: receipt 130s old, session impact | 0.00x → — | — | — | — | 3QUM…Nz1o |
| 12 Sep 22:18 UTC | Crank | skipped | leverage 0.00x < band_lo 2.70x but session is "impact"; D6 defers expansion to the next external session | — | — | — | — | — |
| 12 Sep 22:16 UTC | Crank | confirmed | crank: receipt 108s old, session impact | 0.00x → — | — | — | — | dc7P…V93b |
| 12 Sep 22:14 UTC | Crank | confirmed | crank: receipt 152s old, session impact | 0.00x → — | — | — | — | 2S4F…PrsP |
| 12 Sep 22:14 UTC | Crank | skipped | leverage 0.00x < band_lo 2.70x but session is "impact"; D6 defers expansion to the next external session | — | — | — | — | — |
| 12 Sep 22:12 UTC | Crank | confirmed | first crank for dUS100 | 0.00x → — | — | — | — | 4Cgx…Jy42 |
| 12 Sep 22:12 UTC | Crank | skipped | leverage 0.00x < band_lo 2.70x but session is "impact"; D6 defers expansion to the next external session | — | — | — | — | — |
| 12 Sep 22:07 UTC | Crank | confirmed | crank: receipt 138s old, session impact | 3.01x → — | — | — | — | 3rt1…7vMg |
| 12 Sep 22:05 UTC | Crank | confirmed | crank: receipt 128s old, session impact | 3.01x → — | — | — | — | 66dd…fBEW |
| 12 Sep 22:05 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 22:02 UTC | Crank | confirmed | crank: receipt 141s old, session impact | 3.01x → — | — | — | — | 6Z68…YQBs |
| 12 Sep 22:00 UTC | Crank | confirmed | crank: receipt 100s old, session impact | 3.01x → — | — | — | — | 5PNW…s2ER |
| 12 Sep 22:00 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 21:58 UTC | Crank | confirmed | crank: receipt 163s old, session impact | 3.01x → — | — | — | — | G56g…tjuE |
| 12 Sep 21:55 UTC | Crank | confirmed | first crank for dUS100 | 3.01x → — | — | — | — | BWE8…jfrz |
| 12 Sep 21:55 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 | — | — | — | — | — |