The system, live

Every figure here is read from chain 9000 and Sepolia when you open the page, and again every minute. Nothing is typed in.

Reading both chains

Sepolia

ETH held

Ready for withdrawalsloading
Staked as wstETHloading
Owed to queued withdrawalsloading

Bridge

2 of 3 signers

Chain 9000

USC in use

Circulatingloading
In savings (deposits and rewards)loading
Lent to matched liquidity poolsloading

Support: Treasury holdings per USC that can be redeemed now

Held by the Treasury

USC that can be redeemed right now

Savings rate for a new deposit

Support is the second figure divided by the third, and it is the one figure the protocol acts on: below 1.30x it borrows ETH for the Treasury, above 1.50x it repays. USC locked in savings, in matched pools or held for undrawn crisis lines cannot be redeemed now, so it is left out. ETH borrowed on Compound is shown below, under Borrowed on Compound. Why

Backing against the lines

Below 1.30 the protocol borrows ETH and brings it back to 1.40. Above 1.50 it repays.

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Borrows ETHbelow 1.30

Holds1.30 to 1.50, aims for 1.40

Repaysabove 1.50

Where the ETH is

On Sepolia. Your ETH never leaves it. Part stays ready; the rest is staked through Lido and posted to Compound so the protocol can borrow against it.

ReadyStakedOwed to the queue

Borrowed on Compound: loading
Could still borrow: loading
Staking yield booked so far: loading
Drawn and repaid, all time: loading
Withdrawals waiting in the queue: loading
ETH Compound has to lend: loading

What backs USC

On chain 9000. The Treasury holds a claim on the ETH (mETH) and CAPE. New USC is minted against 80% ETH and 20% CAPE; redemptions pay the mix it holds.

The Treasury's mix

loading ETHloading CAPE

The CAPE pool, the only market for CAPE

loadingloading

ETH price used: loading
CAPE price used: loading
Prices updated: loading

The savings pot

Deposits are locked for 180 days. Part of the pot is lent to the business lines attached to it, paired pools and crisis lines, always for no longer than the deposits behind it. A loss falls on the rewards set aside first, before savers' deposits.

deposited and locked

Lent out loadingFree to lend loading

Today's rate on the 7% to 4% line: loading

Rewards set aside for savers: loading
Interest paid so far: loading
Deposits made: loading
Earlier modules, still paying out: loading

Paired liquidity

USC from the savings pot, paired with users' ETH in the USC / ETH pool on Sepolia.

USC in the pool right now

Used loadingCap loading

Positions opened: loading
Fixed rate paid to savers: loading
Seen in the pool by the attestors: loading
Excluded from circulation: loading

Lines to protocols

USC reserved for protocols in advance, and what they have drawn, then every business line on the savings pot with its limit. How lines work

Crisis lines

Drawn loadingCommitted loading

Open lines: loading

Lent to business lines

Paired pools, out / limit: loading
Crisis lines, out / limit: loading

The bridge check

Every USC.e on Sepolia must be matched by a USC the bridge holds on chain 9000. Both sides are read right now.

USC.e on Sepolia

USC held by the bridge on chain 9000

Checking