Transparency
uMSTRLocal
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
Leverage bandin band
2.01x
1.80x2.00x2.30x2.60x
Venue equity / notionalbetween floor and ceiling
24.9%
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.
−19%
−13%
−6%
+6%
+13%
+19%
$101.38
$106.16
$115.59
$119.16
$144.07
$146.99
$130.20
If the price falls
- Margin floor 17.9% of notional−8.5% · $119.16Top up collateral from idle
- Band edge 2.30x−11.2% · $115.59Rebalance down to target (any hour)
- Hard delever 2.60x−18.5% · $106.16Emergency delever to target, market order
- Liquidation (est.)−22.1% · $101.38Phoenix liquidates the account; the stop and top-ups sit well before this
If the price rises
- Margin ceiling 32.1% of notional+10.7% · $144.07Withdraw excess collateral to idle
- Band edge 1.80x+12.9% · $146.99Rebalance up to target (external session only)
Computed from realised leverage 2.007x and venue equity at 24.9% of notional at mark $130.20, 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 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 4,981 USDC · 50.2%
Collateral at Phoenix (share of NAV)2,496 USDC · equity 24.9% of notional
Pending redemptionsnone
Cap used$4,980.7 of $250.0K
- LP supply
- 5,000 uMSTR
- NAV per token
- 0.996140 USDC
- Unrealised PnL
- −10.56 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
- $130.20
- Index
- none (no external print)
- Pool price
- no pool
- Premium to NAV
- —
- Realised vs target
- 2.007x / 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 3 s agostream ✓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 ✓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 ✗ 1uUS500: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 18 min ago (stale)
Alerts
Raised by the keeper, resolved when the condition clears.
- warningTICK_FAILED · uMSTR12 Sep 22:31 UTC → resolved 30 min agouMSTR: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · uMSTR12 Sep 22:28 UTC → resolved 34 min agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uMSTR12 Sep 21:59 UTC → resolved 1.0 h agouMSTR: tick failed: phoenix /exchange/markets -> 429
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 23:02 UTC | Crank | confirmed | crank: receipt 103s old, session impact | 2.01x → — | — | — | — | 4BDU…QSQk |
| 12 Sep 23:01 UTC | Crank | confirmed | crank: receipt 100s old, session impact | 2.00x → — | — | — | — | 2jFB…ame4 |
| 12 Sep 22:59 UTC | Crank | confirmed | first crank for uMSTR | 2.01x → — | — | — | — | 1Gqo…8vgY |
| 12 Sep 22:59 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 22:36 UTC | Crank | confirmed | attempt 1: simulation failed for crank: {"InstructionError":["2",{"Custom":"6003"}]} :: Program ComputeBudget111111111111111111111111111111 invoke [1] | Program ComputeBudget111111111111111111111111111111 success | Program CJxBPN83j7YvHDuLCaq9Ddrp9QHqVAAU9TXQGPRBpAtV invoke [1] | Program log: Instruction: crank | Program CJxBPN83j7YvHDuLCaq9Ddrp9QHqVAAU9TXQGPRBpAtV consumed 8231 of 1399700 compute units | Program CJxBPN83j7YvHDuLCaq9Ddrp9QHqVAAU9TXQGPRBpAtV failed: custom program error: 0x1773 | 2.01x → — | — | — | — | 4jNP…3nF5 |
| 12 Sep 22:34 UTC | Crank | confirmed | crank: receipt 239s old, session impact | 2.00x → — | — | — | — | 3NVH…kggZ |
| 12 Sep 22:34 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 22:30 UTC | Crank | confirmed | crank: receipt 102s old, session impact | 2.00x → — | — | — | — | 4YPg…yksB |
| 12 Sep 22:28 UTC | Crank | confirmed | crank: receipt 156s old, session impact | 2.00x → — | — | — | — | 5fuk…mnfU |
| 12 Sep 22:28 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 22:25 UTC | Crank | confirmed | crank: receipt 136s old, session impact | 2.01x → — | — | — | — | 4eQW…F9nN |
| 12 Sep 22:23 UTC | Crank | confirmed | attempt 1: Solana error #-32002; Decode this error by running `npx @solana/errors decode -- -32002 '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'` | 2.00x → — | — | — | — | 5ziL…71jm |
| 12 Sep 22:23 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 22:19 UTC | Crank | confirmed | crank: receipt 98s old, session impact | 2.01x → — | — | — | — | 3J4f…xYvc |
| 12 Sep 22:18 UTC | Crank | confirmed | crank: receipt 154s old, session impact | 2.01x → — | — | — | — | 3uQa…tvDb |
| 12 Sep 22:17 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 22:15 UTC | Crank | confirmed | crank: receipt 108s old, session impact | 2.00x → — | — | — | — | 2AcU…iQJm |
| 12 Sep 22:13 UTC | Crank | confirmed | first crank for uMSTR | 2.00x → — | — | — | — | Ysvb…DHnC |
| 12 Sep 22:13 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 22:08 UTC | Crank | confirmed | crank: receipt 127s old, session impact | 2.00x → — | — | — | — | 2cXV…sLX5 |
| 12 Sep 22:06 UTC | Crank | confirmed | crank: receipt 140s old, session impact | 2.00x → — | — | — | — | uiUo…mu9y |
| 12 Sep 22:06 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 22:03 UTC | Crank | confirmed | crank: receipt 138s old, session impact | 2.00x → — | — | — | — | 7Vwv…r8HM |
| 12 Sep 22:01 UTC | Crank | confirmed | crank: receipt 242s old, session impact | 2.00x → — | — | — | — | 5pjA…a7op |
| 12 Sep 22:01 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 21:57 UTC | Crank | confirmed | first crank for uMSTR | 2.00x → — | — | — | — | 2CZp…e7wp |
| 12 Sep 21:57 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 | — | — | — | — | — |