Demo on a mainnet fork: the real Upside program, the real Voltr and Phoenix programs, live Phoenix prices; only the USDC is test money. Nothing here is real money. What that means
upside

Transparency

uGOLDLive

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 37 s ago
Leverage bandbelow band
0.64x
0.64x, band 1.80x to 2.30x
1.80x2.00x2.30x2.60x
Venue equity / notionalbetween floor and ceiling
24.9%
24.9%, band 17.9% to 32.1%
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
−194%
−129%
−65%
+65%
+129%
+194%
$-5,441
$-4,278
$-3,930
$3,337
$3,984
$4,817
$4,353.80
If the price falls
  1. Margin floor 17.9% of notional−8.5% · $3,983.73
    Top up collateral from idle
  2. Liquidation (est.)−23.4% · $3,337.19
    Phoenix liquidates the account; the stop and top-ups sit well before this
  3. Hard delever 2.60x−190.3% · $-3,929.7399
    Emergency delever to target, market order
  4. Band edge 2.30x−198.3% · $-4,278.4793
    Rebalance down to target (any hour)
  5. Band edge 1.80x−225.0% · $-5,441.3792
    Rebalance up to target (external session only)
If the price rises
  1. Margin ceiling 32.1% of notional+10.6% · $4,816.61
    Withdraw excess collateral to idle

Computed from realised leverage 0.643x and venue equity at 24.9% of notional at mark $4,353.80, 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 2.0% 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 vault13,060 of 15,548 USDC · 84.0%
Collateral at Phoenix (share of NAV)2,496 USDC · equity 24.9% of notional
Pending redemptionsnone
Cap used$15.5K of $250.0K
LP supply
15,574 uGOLD
NAV per token
0.998332 USDC
Unrealised PnL
−8.55 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
$4,353.80
Index
none (no external print)
Pool price
no pool
Premium to NAV
—
Realised vs target
0.643x / 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 6 s ago
    stream ✓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 ✗ 1uUS500: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 ✗ 1dMSTR:harvest ✗ 1dUS100:inflow ✓dUS100:margin ✓dUS100:redeem ✓dUS500:inflow ✓dUS500:margin ✓dUS500:redeem ✓dWTIOIL:crank ✓dWTIOIL:guard ✓uGOLD:harvest ✗ 1uMSTR:harvest ✗ 1uUS100:inflow ✓uUS100:margin ✓uUS100:redeem ✓uUS500:inflow ✓uUS500:margin ✓uUS500:redeem ✓uWTIOIL:crank ✓uWTIOIL:guard ✓dUS100:harvest ✗ 1dUS500:harvest ✗ 1dWTIOIL:inflow ✓dWTIOIL:margin ✓dWTIOIL:redeem ✓uUS100:harvest ✓uUS500:harvest ✗ 1uWTIOIL:inflow ✓uWTIOIL:margin ✓uWTIOIL:redeem ✓dWTIOIL:harvest ✗ 1uWTIOIL:harvest ✗ 1

Alerts

Raised by the keeper, resolved when the condition clears.

  • warning
    LEVERAGE_OUT_OF_BAND · uGOLD13 Sep 09:36 UTC → resolved 9 min ago
    uGOLD: leverage 0.64x outside band [1.80x, 2.30x] for 603s
  • warning
    TICK_FAILED · uGOLD13 Sep 09:30 UTC → resolved 28 min ago
    uGOLD: tick failed: voltr readVault CfbBjSo9P3Rb1skyZtCmWVvbihSdjZcoZu8GZ1R3azXc did not settle within 15000 ms
  • warning
    LEVERAGE_OUT_OF_BAND · uGOLD13 Sep 09:13 UTC → resolved 39 min ago
    uGOLD: leverage 0.64x outside band [1.80x, 2.30x] for 601s
  • warning
    DEPTH_UNAVAILABLE · uGOLD13 Sep 09:08 UTC → resolved 54 min ago
    uGOLD: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    TICK_FAILED · uGOLD13 Sep 08:47 UTC → resolved 1.3 h ago
    uGOLD: tick failed: phoenix /exchange/markets -> 429
  • warning
    DEPTH_UNAVAILABLE · uGOLD13 Sep 08:40 UTC → resolved 1.4 h ago
    uGOLD: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uGOLD13 Sep 08:37 UTC → resolved 1.4 h ago
    uGOLD: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    TICK_FAILED · uGOLD13 Sep 08:33 UTC → resolved 1.5 h ago
    uGOLD: tick failed: Hawkeye return data expected at least 8 bytes, got 0
  • warning
    DEPTH_UNAVAILABLE · uGOLD13 Sep 08:32 UTC → resolved 1.5 h ago
    uGOLD: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    TICK_FAILED · uGOLD13 Sep 08:28 UTC → resolved 1.6 h ago
    uGOLD: tick failed: phoenix /exchange/markets -> 429

Event log

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

allrebalanceemergency delevermargin top-upwithdraw excess marginset stopmintredeemcrankkeeper halt
No events of these kinds recorded yet.