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 17 s ago
Leverage bandin band
Leverage 1.93xband 1.8–2.3x · hard delever 2.6x
1.93x
1.80x2.00x2.30x2.60x
Venue equity / notionalbetween floor and ceiling
Margin 25.8% of notionalfloor 17.9% · target 25% · ceiling 32.1%
25.8%
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%
$104.66
$104.99
$114.31
$121.09
$145.37
$146.42
$133.94
If the price falls
- Margin floor 17.9% of notional−9.6% · $121.09Top up collateral from idle
- Band edge 2.30x−14.7% · $114.31Rebalance down to target (any hour)
- Hard delever 2.60x−21.6% · $104.99Emergency delever to target, market order
- Liquidation (est.)−21.9% · $104.66Phoenix liquidates the account; the stop and top-ups sit well before this
If the price rises
- Band edge 1.80x+8.5% · $145.37Rebalance up to target (external session only)
- Margin ceiling 32.1% of notional+9.3% · $146.42Withdraw excess collateral to idle
Computed from realised leverage 1.932x and venue equity at 25.8% of notional at mark $133.94, 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 1.8x–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 vault2,727 of 5,400 USDC · 50.5%
Collateral at Phoenix (share of NAV)2,264 USDC · equity 25.8% of notional
Pending redemptionsnone
Cap used$5,400.34 of $250.0K
- LP supply
- 5,000 uMSTR
- Token price
- 1.080067 USDC
- Unrealised PnL
- 425.61 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
- $133.94
- Index
- $133.81
- Pool price
- no pool
- Premium to NAV
- —
- Realised vs target
- 1.932x / 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 1 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 ✗ 1dUS500: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 ✗ 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.
- warningCRANK_STALE · uMSTR14 Sep 13:51 UTC → resolved 3 min agouMSTR: last crank 104s ago during an external session
- warningTICK_FAILED · uMSTR14 Sep 13:50 UTC → resolved 4 min agouMSTR: tick failed: hawkeye view_bbo MSTR: Hawkeye return data expected at least 8 bytes, got 0
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 13:38 UTC → resolved 16 min agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 13:23 UTC → resolved 31 min agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 13:18 UTC → resolved 36 min agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 13:04 UTC → resolved 50 min agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 13:03 UTC → resolved 52 min agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 10:39 UTC → resolved 3.3 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 10:17 UTC → resolved 3.6 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 09:36 UTC → resolved 4.3 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 09:14 UTC → resolved 4.7 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 08:24 UTC → resolved 5.5 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 07:14 UTC → resolved 6.7 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 06:31 UTC → resolved 7.4 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 05:59 UTC → resolved 7.9 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 05:42 UTC → resolved 8.2 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 05:37 UTC → resolved 8.3 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 05:13 UTC → resolved 8.7 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 05:10 UTC → resolved 8.7 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 04:33 UTC → resolved 9.4 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 03:43 UTC → resolved 10.2 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 03:13 UTC → resolved 10.7 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 03:04 UTC → resolved 10.8 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningCRANK_STALE · uMSTR14 Sep 01:24 UTC → resolved 12.5 h agouMSTR: last crank 158s ago during an external session
- warningTICK_FAILED · uMSTR14 Sep 01:22 UTC → resolved 12.5 h agouMSTR: tick failed: Internal error
- warningDEPTH_UNAVAILABLE · uMSTR14 Sep 00:03 UTC → resolved 13.8 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 22:38 UTC → resolved 15.3 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 22:31 UTC → resolved 15.4 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 22:20 UTC → resolved 15.6 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 22:18 UTC → resolved 15.6 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 22:15 UTC → resolved 15.7 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 22:06 UTC → resolved 15.8 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 22:05 UTC → resolved 15.8 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 22:01 UTC → resolved 15.9 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 21:59 UTC → resolved 15.9 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 21:58 UTC → resolved 15.9 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 21:50 UTC → resolved 16.1 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 21:44 UTC → resolved 16.2 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 21:40 UTC → resolved 16.2 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 21:39 UTC → resolved 16.3 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 21:32 UTC → resolved 16.4 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 21:29 UTC → resolved 16.4 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 21:05 UTC → resolved 16.8 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 20:44 UTC → resolved 17.2 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 20:41 UTC → resolved 17.2 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 20:36 UTC → resolved 17.3 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 20:32 UTC → resolved 17.4 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 20:22 UTC → resolved 17.5 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 20:12 UTC → resolved 17.7 h agouMSTR: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uMSTR13 Sep 19:43 UTC → resolved 18.2 h agouMSTR: 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.
| Time | Kind | Status | Reason | Leverage | Amount | Fill / mark | Slip | Tx |
|---|---|---|---|---|---|---|---|---|
| 14 Sep 13:35 UTC | Withdraw excess margin | confirmed | idle 47.84% below the 50.00% redemption target; returning 117430355 raw USDC to idle | 1.92x → — | 117.43 USDC | — | — | 3DXY…QCXb |
| 14 Sep 03:12 UTC | Withdraw excess margin | confirmed | idle 47.89% below the 50.00% redemption target; returning 109731482 raw USDC to idle | 1.96x → — | 109.73 USDC | — | — | 3xkb…RtWp |