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 7 s ago

Leverage bandin band

Leverage 1.92xband 1.8–2.3x · hard delever 2.6x

1.92x

1.80x2.00x2.30x2.60x

Venue equity / notionalbetween floor and ceiling

Margin 26.9% of notionalfloor 17.9% · target 25% · ceiling 32.1%

26.9%

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.

external index

−20%

−13%

−7%

+7%

+13%

+20%

$102.01

$103.16

$112.32

$118.02

$142.71

$142.84

$132.60

If the price falls

Margin floor 17.9% of notional−11.0% · $118.02
Top up collateral from idle
Band edge 2.30x−15.3% · $112.32
Rebalance down to target (any hour)
Hard delever 2.60x−22.2% · $103.16
Emergency delever to target, market order
Liquidation (est.)−23.1% · $102.01
Phoenix liquidates the account; the stop and top-ups sit well before this

If the price rises

Margin ceiling 32.1% of notional+7.6% · $142.71
Withdraw excess collateral to idle
Band edge 1.80x+7.7% · $142.84
Rebalance up to target (external session only)

Computed from realised leverage 1.919x and venue equity at 26.9% of notional at mark $132.60, 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 vault2,500 of 5,153 USDC · 48.5%

Collateral at Phoenix (share of NAV)2,497 USDC · equity 26.9% of notional

Pending redemptionsnone

Cap used$5,152.8 of $250.0K

LP supply: 5,000 uMSTR
Token price: 1.030559 USDC
Unrealised PnL: 164.92 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: $132.60
Index: $132.45
Pool price: no pool
Premium to NAV: —
Realised vs target: 1.919x / 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 ✓dAAPL:band ✓dAAPL:stop ✓dAAPL:tick ✓dGOLD:band ✓dGOLD:stop ✓dGOLD:tick ✓dMSTR:band ✓dMSTR:stop ✓dMSTR:tick ✓dNVDA:band ✓dNVDA:stop ✓dNVDA:tick ✓dSPCX:band ✓dSPCX:stop ✓dSPCX:tick ✓uAAPL:band ✓uAAPL:stop ✓uAAPL:tick ✓uGOLD:band ✓uGOLD:stop ✓uGOLD:tick ✓uMSTR:band ✓uMSTR:stop ✓uMSTR:tick ✓uNVDA:band ✓uNVDA:stop ✓uNVDA:tick ✓uSPCX:band ✓uSPCX:stop ✓uSPCX:tick ✓dAAPL:crank ✓dAAPL:guard ✓dGOLD:crank ✓dGOLD:guard ✓dMSTR:crank ✓dMSTR:guard ✓dNVDA:crank ✓dNVDA:guard ✓dSPCX:crank ✓dSPCX:guard ✓dUS100:band ✓dUS100:stop ✓dUS100:tick ✓dUS500:band ✓dUS500:stop ✓dUS500:tick ✓uAAPL:crank ✓uAAPL:guard ✓uGOLD:crank ✓uGOLD:guard ✓uMSTR:crank ✓uMSTR:guard ✓uNVDA:crank ✓uNVDA:guard ✓uSPCX:crank ✓uSPCX:guard ✓uUS100:band ✓uUS100:stop ✓uUS100:tick ✓uUS500:band ✓uUS500:stop ✓uUS500:tick ✓dAAPL:inflow ✓dAAPL:margin ✓dAAPL:redeem ✓dGOLD:inflow ✓dGOLD:margin ✓dGOLD:redeem ✓dMSTR:inflow ✓dMSTR:margin ✓dMSTR:redeem ✓dNVDA:inflow ✓dNVDA:margin ✓dNVDA:redeem ✓dSPCX:inflow ✓dSPCX:margin ✓dSPCX:redeem ✓dUS100:crank ✓dUS100:guard ✓dUS500:crank ✓dUS500:guard ✓dWTIOIL:band ✓dWTIOIL:stop ✓dWTIOIL:tick ✓uAAPL:inflow ✓uAAPL:margin ✓uAAPL:redeem ✓uGOLD:inflow ✓uGOLD:margin ✓uGOLD:redeem ✓uMSTR:inflow ✓uMSTR:margin ✗ 3uMSTR:redeem ✓uNVDA:inflow ✓uNVDA:margin ✓uNVDA:redeem ✓uSPCX:inflow ✓uSPCX:margin ✓uSPCX:redeem ✓uUS100:crank ✓uUS100:guard ✓uUS500:crank ✓uUS500:guard ✓uWTIOIL:band ✓uWTIOIL:stop ✓uWTIOIL:tick ✓dAAPL:harvest ✗ 1dGOLD:harvest ✗ 1dMSTR:harvest ✗ 1dNVDA:harvest ✗ 1dSPCX:harvest ✓dUS100:inflow ✓dUS100:margin ✓dUS100:redeem ✓dUS500:inflow ✓dUS500:margin ✓dUS500:redeem ✓dWTIOIL:crank ✓dWTIOIL:guard ✓uAAPL:harvest ✗ 1uGOLD:harvest ✗ 1uMSTR:harvest ✗ 1uNVDA:harvest ✓uSPCX: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 ✓uWTIOIL:inflow ✓uWTIOIL:margin ✓uWTIOIL:redeem ✓dWTIOIL:harvest ✓uWTIOIL:harvest ✗ 1

Alerts · 1 open

Raised by the keeper, resolved when the condition clears.

warning
TICK_FAILED · uMSTR15 Sep 14:42 UTC
uMSTR: tick failed: fetch failed
warning
CRANK_STALE · uMSTR15 Sep 15:43 UTC → resolved 1 min ago
uMSTR: last crank 92s ago during an external session
warning
CRANK_STALE · uMSTR15 Sep 15:35 UTC → resolved 13 min ago
uMSTR: last crank never during an external session
warning
CRANK_STALE · uMSTR15 Sep 15:28 UTC → resolved 19 min ago
uMSTR: last crank 104s ago during an external session
warning
CRANK_STALE · uMSTR15 Sep 15:24 UTC → resolved 24 min ago
uMSTR: last crank never during an external session
warning
CRANK_STALE · uMSTR15 Sep 15:19 UTC → resolved 29 min ago
uMSTR: last crank never during an external session
warning
CRANK_STALE · uMSTR15 Sep 15:14 UTC → resolved 34 min ago
uMSTR: last crank never during an external session
warning
CRANK_STALE · uMSTR15 Sep 14:59 UTC → resolved 37 min ago
uMSTR: last crank never during an external session
warning
CRANK_STALE · uMSTR15 Sep 14:13 UTC → resolved 1.2 h ago
uMSTR: last crank 123s ago during an external session
warning
CRANK_STALE · uMSTR15 Sep 14:04 UTC → resolved 1.7 h ago
uMSTR: last crank never during an external session

Event log

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

all rebalance emergency delever margin top-up withdraw excess margin set stop mint redeem crank keeper halt

Time	Kind	Status	Reason	Leverage	Amount	Fill / mark	Slip	Tx
15 Sep 15:39 UTC	Withdraw excess margin	failed	simulation failed for withdraw_excess: {"InstructionError":["2",{"Custom":"6007"}]} :: Program CJxBPN83j7YvHDuLCaq9Ddrp9QHqVAAU9TXQGPRBpAtV invoke [2] \| Program log: Instruction: withdraw \| Program CJxBPN83j7YvHDuLCaq9Ddrp9QHqVAAU9TXQGPRBpAtV consumed 12448 of 1346741 compute units \| Program CJxBPN83j7YvHDuLCaq9Ddrp9QHqVAAU9TXQGPRBpAtV failed: custom program error: 0x1777 \| Program vVoLTRjQmtFpiYoegx285Ze4gsLJ8ZxgFKVcuvmG1a8 consumed 65407 of 1399700 compute units \| Program vVoLTRjQmtFpiYoegx285Ze4gsLJ8ZxgFKVcuvmG1a8 failed: custom program error: 0x1777	1.90x → —	108.20 USDC	—	—	—
15 Sep 15:38 UTC	Withdraw excess margin	failed	simulation failed for withdraw_excess: {"InstructionError":["2",{"Custom":"6007"}]} :: Program CJxBPN83j7YvHDuLCaq9Ddrp9QHqVAAU9TXQGPRBpAtV invoke [2] \| Program log: Instruction: withdraw \| Program CJxBPN83j7YvHDuLCaq9Ddrp9QHqVAAU9TXQGPRBpAtV consumed 12448 of 1346740 compute units \| Program CJxBPN83j7YvHDuLCaq9Ddrp9QHqVAAU9TXQGPRBpAtV failed: custom program error: 0x1777 \| Program vVoLTRjQmtFpiYoegx285Ze4gsLJ8ZxgFKVcuvmG1a8 consumed 65408 of 1399700 compute units \| Program vVoLTRjQmtFpiYoegx285Ze4gsLJ8ZxgFKVcuvmG1a8 failed: custom program error: 0x1777	1.90x → —	108.50 USDC	—	—	—
15 Sep 15:36 UTC	Withdraw excess margin	failed	simulation failed for withdraw_excess: {"InstructionError":["2",{"Custom":"6007"}]} :: Program CJxBPN83j7YvHDuLCaq9Ddrp9QHqVAAU9TXQGPRBpAtV invoke [2] \| Program log: Instruction: withdraw \| Program CJxBPN83j7YvHDuLCaq9Ddrp9QHqVAAU9TXQGPRBpAtV consumed 12448 of 1346739 compute units \| Program CJxBPN83j7YvHDuLCaq9Ddrp9QHqVAAU9TXQGPRBpAtV failed: custom program error: 0x1777 \| Program vVoLTRjQmtFpiYoegx285Ze4gsLJ8ZxgFKVcuvmG1a8 consumed 65409 of 1399700 compute units \| Program vVoLTRjQmtFpiYoegx285Ze4gsLJ8ZxgFKVcuvmG1a8 failed: custom program error: 0x1777	1.91x → —	104.95 USDC	—	—	—