Transparency
uUS500Local
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 10 s ago
Leverage bandbelow band
0.00x
2.70x3.00x3.30x4.00x
Venue equity / notionalbelow floor
0%
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.
−25%
−17%
−8%
+8%
+17%
+25%
$785.09
$874.88
$987.71
$765.49
If the price falls
Nothing triggers within range.
If the price rises
- Liquidation (est.)+2.6% · $785.09Phoenix liquidates the account; the stop and top-ups sit well before this
- Margin floor 12.5% of notional+14.3% · $874.88Top up collateral from idle
- Margin ceiling 22.5% of notional+29.0% · $987.71Withdraw excess collateral to idle
Computed from realised leverage 0.000x and venue equity at 0.0% of notional at mark $765.49, holding everything else fixed. Margin distances do not depend on leverage (D21). 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 vault0 of 0 USDC · 0%
Collateral at Phoenix (share of NAV)0 USDC · equity 0.0% of notional
Pending redemptionsnone
Cap used$0 of $250.0K
- LP supply
- 0 uUS500
- NAV per token
- 1.000000 USDC
- Unrealised PnL
- 0.00 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
- $765.49
- Index
- none (no external print)
- Pool price
- no pool
- Premium to NAV
- —
- Realised vs target
- 0.000x / 3.0x
Keeper liveness
Heartbeats, halted flag and per-loop status. Two keepers on different RPCs are the target.
- keeper-stagingv0.1.0 · api.mainnet-beta.solana.com#0 · heartbeat 10 s agostream ✓dSOL:band ✓dSOL:stop ✓dSOL:tick ✓uSOL:band ✓uSOL:stop ✓uSOL:tick ✓dSOL:crank ✓dSOL:guard ✓uSOL:crank ✓uSOL:guard ✓dSOL:inflow ✓dSOL:margin ✓dSOL:redeem ✓dUS500:band ✓dUS500:stop ✓dUS500:tick ✓uSOL:inflow ✓uSOL:margin ✓uSOL:redeem ✓uUS500:band ✓uUS500:stop ✓uUS500:tick ✓dSOL:harvest ✓dUS500:crank ✓dUS500:guard ✓uSOL:harvest ✓uUS500:crank ✓uUS500:guard ✓dUS500:inflow ✓dUS500:margin ✓dUS500:redeem ✓uUS500:inflow ✓uUS500:margin ✓uUS500:redeem ✓dUS500:harvest ✓uUS500:harvest ✓
Alerts
Raised by the keeper, resolved when the condition clears.
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 13:19 UTC → resolved 55 s agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 12:55 UTC → resolved 24 min agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 12:47 UTC → resolved 33 min agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 12:43 UTC → resolved 36 min agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningTICK_FAILED · uUS50012 Sep 12:34 UTC → resolved 45 min agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 12:34 UTC → resolved 45 min agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 12:32 UTC → resolved 48 min agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 12:31 UTC → resolved 49 min agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 12:29 UTC → resolved 51 min agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 12:27 UTC → resolved 53 min agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 12:14 UTC → resolved 1.1 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 12:13 UTC → resolved 1.1 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 11:59 UTC → resolved 1.3 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 11:56 UTC → resolved 1.4 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 11:54 UTC → resolved 1.4 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 11:54 UTC → resolved 1.4 h agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 11:51 UTC → resolved 1.5 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 11:42 UTC → resolved 1.6 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 11:39 UTC → resolved 1.7 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 11:37 UTC → resolved 1.7 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 11:37 UTC → resolved 1.7 h agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 11:35 UTC → resolved 1.7 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 11:34 UTC → resolved 1.8 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 11:24 UTC → resolved 1.9 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 11:21 UTC → resolved 2.0 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 11:16 UTC → resolved 2.1 h agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 11:13 UTC → resolved 2.1 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 11:07 UTC → resolved 2.2 h agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 11:05 UTC → resolved 2.2 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 10:53 UTC → resolved 2.4 h agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 10:51 UTC → resolved 2.5 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 10:45 UTC → resolved 2.6 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 10:44 UTC → resolved 2.6 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 10:35 UTC → resolved 2.7 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 10:28 UTC → resolved 2.9 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 10:25 UTC → resolved 2.9 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 10:22 UTC → resolved 2.9 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 10:21 UTC → resolved 3.0 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 10:18 UTC → resolved 3.0 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 10:14 UTC → resolved 3.1 h agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 10:13 UTC → resolved 3.1 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 10:04 UTC → resolved 3.3 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 09:56 UTC → resolved 3.4 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 09:56 UTC → resolved 3.4 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 09:54 UTC → resolved 3.4 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 09:52 UTC → resolved 3.5 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 09:51 UTC → resolved 3.5 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 09:38 UTC → resolved 3.7 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 09:29 UTC → resolved 3.8 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 09:28 UTC → resolved 3.9 h agouUS500: 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.