Transparency
dUS500Live
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 18 s ago
Leverage bandin band
Leverage 3.00xband 2.7–3.3x · hard delever 4x
3.00x
2.70x3.00x3.30x4.00x
Venue equity / notionalbetween floor and ceiling
Margin 17.5% of notionalfloor 12.5% · target 17.5% · ceiling 22.5%
17.5%
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.
−13%
−8%
−4%
+4%
+8%
+13%
$729.47
$739.74
$778.00
$794.35
$811.01
$871.78
$760.58
If the price falls
- Band edge 2.70x−2.7% · $739.74Rebalance up to target (external session only)
- Margin ceiling 22.5% of notional−4.1% · $729.47Withdraw excess collateral to idle
If the price rises
- Band edge 3.30x+2.3% · $778.00Rebalance down to target (any hour)
- Margin floor 12.5% of notional+4.4% · $794.35Top up collateral from idle
- Hard delever 4.00x+6.6% · $811.01Emergency delever to target, market order
- Liquidation (est.)+14.6% · $871.78Phoenix liquidates the account; the stop and top-ups sit well before this
Computed from realised leverage 3.004x and venue equity at 17.5% of notional at mark $760.58, 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 4,988 USDC · 47.6%
Collateral at Phoenix (share of NAV)2,620 USDC · equity 17.5% of notional
Pending redemptionsnone
Cap used$4,988.06 of $250.0K
- LP supply
- 5,000 dUS500
- Token price
- 0.997612 USDC
- Unrealised PnL
- 1.41 USDC
- Funding (annualised)
- —
Session
How the underlying is being priced right now.
external indexExternal index live
The underlying exchange is open. Phoenix marks track the external index, and the keeper cranks NAV every 20–30 s. Expansion and defensive rebalances both run.
- Mark
- $760.58
- Index
- $760.43
- Pool price
- no pool
- Premium to NAV
- —
- Realised vs target
- 3.004x / 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 14 s agostream ✓dGOLD:band ✓dGOLD:stop ✓dGOLD:tick ✓dMSTR:band ✓dMSTR:stop ✓dMSTR:tick ✓uGOLD:band ✓uGOLD:stop ✓uGOLD:tick ✓uMSTR:band ✓uMSTR:stop ✓uMSTR:tick ✓dGOLD:crank ✓dGOLD:guard ✓dMSTR:crank ✓dMSTR:guard ✓dUS100:band ✓dUS100:stop ✓dUS100:tick ✓dUS500:band ✓dUS500:stop ✓dUS500:tick ✓uGOLD:crank ✓uGOLD:guard ✓uMSTR:crank ✓uMSTR:guard ✓uUS100:band ✓uUS100:stop ✓uUS100:tick ✓uUS500:band ✓uUS500:stop ✓uUS500:tick ✓dGOLD:inflow ✓dGOLD:margin ✓dGOLD:redeem ✓dMSTR:inflow ✓dMSTR:margin ✓dMSTR:redeem ✓dUS100:crank ✓dUS100:guard ✓dUS500:crank ✓dUS500:guard ✓dWTIOIL:band ✓dWTIOIL:stop ✓dWTIOIL:tick ✓uGOLD:inflow ✓uGOLD:margin ✓uGOLD:redeem ✓uMSTR:inflow ✓uMSTR:margin ✓uMSTR:redeem ✓uUS100:crank ✓uUS100:guard ✓uUS500:crank ✓uUS500:guard ✓uWTIOIL:band ✓uWTIOIL:stop ✓uWTIOIL:tick ✓dGOLD:harvest ✗ 3dMSTR:harvest ✗ 3dUS100:inflow ✓dUS100:margin ✓dUS100:redeem ✓dUS500:inflow ✓dUS500:margin ✓dUS500:redeem ✓dWTIOIL:crank ✓dWTIOIL:guard ✓uGOLD:harvest ✗ 3uMSTR:harvest ✗ 3uUS100:inflow ✓uUS100:margin ✓uUS100:redeem ✓uUS500:inflow ✓uUS500:margin ✓uUS500:redeem ✓uWTIOIL:crank ✓uWTIOIL:guard ✓dUS100:harvest ✗ 3dUS500:harvest ✗ 3dWTIOIL:inflow ✓dWTIOIL:margin ✓dWTIOIL:redeem ✓uUS100:harvest ✗ 3uUS500:harvest ✗ 3uWTIOIL:inflow ✓uWTIOIL:margin ✓uWTIOIL:redeem ✓dWTIOIL:harvest ✗ 3uWTIOIL:harvest ✗ 3
Alerts
Raised by the keeper, resolved when the condition clears.
- warningDEPTH_UNAVAILABLE · dUS50014 Sep 04:53 UTC → resolved 12 min agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningCRANK_STALE · dUS50014 Sep 01:47 UTC → resolved 3.3 h agodUS500: last crank 1409s ago during an external session
- warningTICK_FAILED · dUS50014 Sep 01:25 UTC → resolved 3.3 h agodUS500: tick failed: hawkeye view_bbo SPY: Hawkeye return data expected at least 8 bytes, got 0
- warningCRANK_STALE · dUS50014 Sep 01:24 UTC → resolved 3.7 h agodUS500: last crank 156s ago during an external session
- warningTICK_FAILED · dUS50014 Sep 01:22 UTC → resolved 3.7 h agodUS500: tick failed: Internal error
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 23:51 UTC → resolved 5.2 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 23:11 UTC → resolved 5.9 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 22:46 UTC → resolved 6.3 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 22:39 UTC → resolved 6.4 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 22:38 UTC → resolved 6.4 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 22:30 UTC → resolved 6.6 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 22:27 UTC → resolved 6.6 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 22:23 UTC → resolved 6.7 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 22:19 UTC → resolved 6.8 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 22:18 UTC → resolved 6.8 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 22:11 UTC → resolved 6.9 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 22:09 UTC → resolved 6.9 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 22:06 UTC → resolved 7.0 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 21:53 UTC → resolved 7.2 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 21:52 UTC → resolved 7.2 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 21:49 UTC → resolved 7.3 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 21:47 UTC → resolved 7.3 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 21:39 UTC → resolved 7.4 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 21:37 UTC → resolved 7.5 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 21:32 UTC → resolved 7.5 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 21:28 UTC → resolved 7.6 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 21:20 UTC → resolved 7.7 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 21:18 UTC → resolved 7.8 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 21:13 UTC → resolved 7.9 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 20:48 UTC → resolved 8.3 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 20:46 UTC → resolved 8.3 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 20:33 UTC → resolved 8.5 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 20:01 UTC → resolved 9.1 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 19:52 UTC → resolved 9.2 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 19:51 UTC → resolved 9.2 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 19:48 UTC → resolved 9.3 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 19:22 UTC → resolved 9.7 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 19:18 UTC → resolved 9.8 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 19:15 UTC → resolved 9.8 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 19:09 UTC → resolved 9.9 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 19:08 UTC → resolved 9.9 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 18:50 UTC → resolved 10.3 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 18:49 UTC → resolved 10.3 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 18:39 UTC → resolved 10.4 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 18:37 UTC → resolved 10.5 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 18:01 UTC → resolved 11.1 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 18:00 UTC → resolved 11.1 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 17:27 UTC → resolved 11.6 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 17:23 UTC → resolved 11.7 h agodUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · dUS50013 Sep 17:18 UTC → resolved 11.8 h agodUS500: 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.
No events of these kinds recorded yet.