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
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Transparency

uMSTRLive

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 19 s ago
Leverage bandin band
Leverage 1.97xband 1.8–2.3x · hard delever 2.6x
1.97x
uMSTR realised leverage 1.97x; realised leverage = notional ÷ NAV; the keeper rebalances outside the band
1.80x2.00x2.30x2.60x
Venue equity / notionalbetween floor and ceiling
Margin 26.1% of notionalfloor 17.9% · target 25% · ceiling 32.1%
26.1%
uMSTR equity / notional 26.1%; venue equity ÷ notional; top-up below the floor, withdraw above the ceiling, liquidation at the venue's maintenance
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
−19%
−13%
−6%
+6%
+13%
+19%
$101.51
$104.60
$113.89
$117.46
$142.03
$144.85
$130.49
If the price falls
  1. Margin floor 17.9% of notional−10.0% · $117.46
    Top up collateral from idle
  2. Band edge 2.30x−12.7% · $113.89
    Rebalance down to target (any hour)
  3. Hard delever 2.60x−19.8% · $104.60
    Emergency delever to target, market order
  4. Liquidation (est.)−22.2% · $101.51
    Phoenix liquidates the account; the stop and top-ups sit well before this
If the price rises
  1. Margin ceiling 32.1% of notional+8.8% · $142.03
    Withdraw excess collateral to idle
  2. Band edge 1.80x+11.0% · $144.85
    Rebalance up to target (external session only)

Computed from realised leverage 1.974x and venue equity at 26.1% of notional at mark $130.49, 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 5.0% 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 1.8x2.3xHard 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 5,151 USDC · 48.5%
Collateral at Phoenix (share of NAV)2,496 USDC · equity 26.1% of notional
Pending redemptionsnone
Cap used$5,150.56 of $250.0K
LP supply
5,000 uMSTR
Token price
1.030112 USDC
Unrealised PnL
157.48 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
$130.49
Index
none (no external print)
Pool price
no pool
Premium to NAV
Realised vs target
1.974x / 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 4 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 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 · 2 open

Raised by the keeper, resolved when the condition clears.

  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 19:43 UTC
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    TICK_FAILED · uMSTR13 Sep 09:23 UTC
    uMSTR: tick failed: voltr readVault 7LkBmgMTyVNNqbuyBnrncfAyb3hTEa8sAm7HAd1sPFZ6 did not settle within 15000 ms
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 19:23 UTC → resolved 20 min ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 19:21 UTC → resolved 22 min ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 19:17 UTC → resolved 27 min ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 19:12 UTC → resolved 32 min ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 19:02 UTC → resolved 41 min ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 18:56 UTC → resolved 47 min ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 18:47 UTC → resolved 57 min ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 18:41 UTC → resolved 1.0 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 18:40 UTC → resolved 1.1 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 18:39 UTC → resolved 1.1 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 18:36 UTC → resolved 1.1 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 18:25 UTC → resolved 1.3 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 18:21 UTC → resolved 1.4 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 17:44 UTC → resolved 2.0 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 17:07 UTC → resolved 2.6 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 17:02 UTC → resolved 2.7 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 16:54 UTC → resolved 2.8 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 16:44 UTC → resolved 3.0 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 16:27 UTC → resolved 3.3 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 16:22 UTC → resolved 3.4 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 16:21 UTC → resolved 3.4 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 16:05 UTC → resolved 3.6 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 15:36 UTC → resolved 4.1 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 15:31 UTC → resolved 4.2 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 15:13 UTC → resolved 4.5 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 15:02 UTC → resolved 4.7 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 14:59 UTC → resolved 4.7 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 14:56 UTC → resolved 4.8 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 14:53 UTC → resolved 4.8 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 14:40 UTC → resolved 5.1 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 14:33 UTC → resolved 5.2 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 14:30 UTC → resolved 5.2 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 14:17 UTC → resolved 5.4 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 14:15 UTC → resolved 5.5 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 14:06 UTC → resolved 5.6 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 14:05 UTC → resolved 5.6 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 14:01 UTC → resolved 5.7 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 13:58 UTC → resolved 5.7 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 13:42 UTC → resolved 6.0 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 13:34 UTC → resolved 6.2 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 13:25 UTC → resolved 6.3 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 12:59 UTC → resolved 6.7 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 12:33 UTC → resolved 7.2 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 12:25 UTC → resolved 7.3 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 12:23 UTC → resolved 7.3 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 12:14 UTC → resolved 7.5 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 11:46 UTC → resolved 8.0 h ago
    uMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
  • warning
    DEPTH_UNAVAILABLE · uMSTR13 Sep 11:36 UTC → resolved 8.1 h ago
    uMSTR: 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.