Transparency

dUS100Live

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 1 min ago

Stale dataNo keeper has sent a heartbeat in the last 90 s. NAV shown here may lag the market. Mint and redeem quotes come from the vault at execution time, not from this page.

Leverage bandbelow band

0.00x

2.70x3.00x3.30x4.00x

Venue equity / notionalbelow floor

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.

impact pricing

−16%

−11%

−5%

+5%

+11%

+16%

$583.25

$635.13

$697.08

$714.51

If the price falls

Liquidation (est.)−2.4% · $697.08
Phoenix liquidates the account; the stop and top-ups sit well before this
Margin floor 12.5% of notional−11.1% · $635.13
Top up collateral from idle
Margin ceiling 22.5% of notional−18.4% · $583.25
Withdraw excess collateral to idle

If the price rises

Nothing triggers within range.

Computed from realised leverage 0.000x and venue equity at 0.0% 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 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 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 5,000 USDC · 47.5%

Collateral at Phoenix (share of NAV)2,625 USDC · equity 0.0% of notional

Pending redemptionsnone

Cap used$5,000 of $250.0K

LP supply: 5,000 dUS100
NAV per token: 1.000000 USDC
Unrealised PnL: 0.00 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: 0.000x / 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 2 min ago (stale)
stream ✓dMSTR:band ✓dMSTR:stop ✓dMSTR:tick ✗ 1dNVDA:band ✓dNVDA:stop ✓dNVDA:tick ✓dTSLA: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 ✓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 ✗ 1dTSLA:harvest ✗ 1dUS100:inflow ✓dUS100:margin ✓dUS100:redeem ✓dUS500:inflow ✓dUS500:margin ✓dUS500:redeem ✓uMSTR:harvest ✗ 1uNVDA:harvest ✓uTSLA:harvest ✗ 1uUS100:inflow ✓uUS100:margin ✓uUS100:redeem ✓uUS500:inflow ✓uUS500:margin ✓uUS500:redeem ✓dUS100:harvest ✗ 1dUS500:harvest ✗ 1uUS100:harvest ✗ 1uUS500:harvest ✗ 1

Alerts · 1 open

Raised by the keeper, resolved when the condition clears.

warning
TICK_FAILED · dUS10012 Sep 22:08 UTC
dUS100: tick failed: fetch failed
warning
DEPTH_UNAVAILABLE · dUS10012 Sep 22:14 UTC → resolved 3 min ago
dUS100: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
warning
DEPTH_UNAVAILABLE · dUS10012 Sep 22:04 UTC → resolved 12 min ago
dUS100: 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.