{
  "source_url": "https://todayindefi.github.io/backing-monitor/data/susdat_backing.json",
  "as_of": "2026-10-14T03:45:41Z",
  "chain": "ethereum",
  "summary": {
    "total_assets_usd": 59324065.46,
    "share_supply": 56675995.406223,
    "nav_per_share": 1.046723,
    "buffer_ratio": 0.046664,
    "onchain_buffer_usd": 2768317.35,
    "offchain_strc_usd_implied": 56555748.11,
    "peg_curve_usdc": 1.036051,
    "discount_to_nav_pct": 1.0196,
    "paused": false,
    "implementation": "0x2b7074CF6681382b70E239063931ebE83C0f4E0A",
    "admin_role_holder": "0xfD5782E3BFF366601da3973aE30C583dE4F08A67",
    "admin_role_holder_kind": "timelock",
    "buffer_standing_30d": {
      "window_days": 30,
      "n": 697,
      "window_start": "2026-09-14T03:47:12Z",
      "percentile": 35,
      "median": 0.052073,
      "min": 0.002074,
      "max": 0.127746,
      "below_warn_floor_since": "2026-10-13T16:45:40Z",
      "below_warn_floor_whole_window": false,
      "warn_floor": 0.1,
      "crit_floor": 0.05
    }
  },
  "asset_specific": {
    "reserve_split": {
      "onchain_usdat": {
        "value_usd": 2768317.35,
        "pct": 0.046664,
        "verifiable": "onchain"
      },
      "offchain_strc": {
        "value_usd": 56555748.11,
        "pct": 0.953336,
        "verifiable": "oracle_unverified"
      }
    },
    "ltv_band": {
      "current_strc_target_pct": null,
      "comment": "LTV-band data requires a Strategy NAV input; defer until that source is identified",
      "published_thresholds": [
        {
          "max_ltv": 0.2857,
          "strc_pct": 1.0
        },
        {
          "max_ltv": 0.3333,
          "strc_pct": 0.8
        },
        {
          "max_ltv": 0.4,
          "strc_pct": 0.6
        },
        {
          "max_ltv": 0.5,
          "strc_pct": 0.4
        },
        {
          "max_ltv": 0.6667,
          "strc_pct": 0.2
        },
        {
          "max_ltv": 1.0,
          "strc_pct": 0.0
        }
      ]
    },
    "self_consistency": {
      "nav_supply_product_usd": 59324067.94,
      "reported_total_assets_usd": 59324065.46,
      "delta_bps": 0.0004
    },
    "asset_address": "0x23238f20b894f29041f48D88eE91131C395Aaa71",
    "asset_matches_usdat": true,
    "secondary": {
      "curve_susdat_usdc": {
        "address": "0x6206ca315c2fcdd2a857b47efb285aa12c529a7a",
        "tvl_usd": 29867.05,
        "vol_24h_usd": 13889.3555731369,
        "implied_price": 1.036051,
        "discount_to_nav_pct": 1.0196
      },
      "curve_susdat_frxusd": {
        "address": "0xcaf1969e9ba98c05113b75d8633a17196e2d02a5",
        "tvl_usd": 29818.79
      }
    },
    "trust_stack": {
      "proxy_type": "ERC1967Proxy",
      "implementation": "0x2b7074CF6681382b70E239063931ebE83C0f4E0A",
      "implementation_published": "0x2005E0CA201A37694125Ff267ae57872BEa0a0Ce",
      "proxy_admin_contract": null,
      "proxy_admin_owner": null,
      "proxy_admin_owner_expected_absent": true,
      "upgrade_authority_path": "uups_default_admin_role",
      "admin_role_holder": "0xfD5782E3BFF366601da3973aE30C583dE4F08A67",
      "admin_role_holder_label": "timelock",
      "admin_role_holder_kind": "timelock",
      "admin_role_held": true,
      "admin_role_holder_resolved": true,
      "admin_role_holder_unresolved": false,
      "admin_role_holder_probe_incomplete": false,
      "admin_role_multiple_holders": false,
      "admin_role_holders": [
        {
          "label": "timelock",
          "address": "0xfD5782E3BFF366601da3973aE30C583dE4F08A67"
        }
      ],
      "admin_role_candidates_tested": [
        "0xfD5782E3BFF366601da3973aE30C583dE4F08A67",
        "0x610182581C93687Ca03F4a8E7f124f8cEC616820",
        "0xcf1072da5f0d127aef99136489bad08bfa3d1a7d"
      ],
      "admin_role_holder_is_eoa": false,
      "published_eoa_still_holds_admin": false,
      "timelock": true,
      "multisig": false,
      "admin_controller": {
        "kind": "timelock",
        "address": "0xfD5782E3BFF366601da3973aE30C583dE4F08A67",
        "code_size": 5497,
        "min_delay_seconds": 432000,
        "min_delay_days": 5.0,
        "self_administered": true,
        "operator_holds_timelock_admin": false,
        "execution_permissionless": true,
        "delay_binding": true,
        "operator_is_proposer": true,
        "operator_is_canceller": true,
        "operator_address": "0x610182581C93687Ca03F4a8E7f124f8cEC616820",
        "role_membership_enumerable": false
      },
      "timelock_min_delay_seconds": 432000,
      "timelock_min_delay_days": 5.0,
      "timelock_delay_binding": true,
      "timelock_sole_operator_risk": true,
      "audits": "shared_with_usdat",
      "vesting_period_days": 30,
      "deposit_fee_bps": 10,
      "min_withdrawal_usdat": 10
    }
  },
  "liquidity": {
    "total_tvl": 59685.84,
    "total_2pct_depth": 10000.0,
    "two_pct_depth_status": "bracketed",
    "two_pct_depth_bracket": [
      10000.0,
      100000.0
    ],
    "exit_mark": {
      "source": "kyberswap",
      "sell_into": "USDC",
      "fair_value": 1.036051,
      "fair_value_basis": "market",
      "quotes": {
        "1000": {
          "slippage_bps": 5.19,
          "output_usd": 1000.52,
          "fill_ratio": 1.00052
        },
        "10000": {
          "slippage_bps": 3.23,
          "output_usd": 10003.23,
          "fill_ratio": 1.000323
        },
        "100000": {
          "slippage_bps": -4862.59,
          "output_usd": 51374.06,
          "fill_ratio": 0.513741
        },
        "500000": {
          "slippage_bps": -8558.62,
          "output_usd": 72069.23,
          "fill_ratio": 0.144138
        }
      },
      "slippage_bps_basis": "ALL-IN COST against notional: (output_usd - size) / size. Includes the venue's base spread, so it is not comparable rung-for-rung with a price-impact figure measured against a venue's own spot rung."
    },
    "pools": [
      {
        "venue": "curve",
        "chain": "ethereum",
        "pair": "sUSDat/USDC",
        "address": "0x6206ca315c2fcdd2a857b47efb285aa12c529a7a",
        "depth_usd": 29867.05,
        "volume_24h": 13889.3555731369,
        "implied_price": 1.036051
      },
      {
        "venue": "curve",
        "chain": "ethereum",
        "pair": "sUSDat/frxUSD",
        "address": "0xcaf1969e9ba98c05113b75d8633a17196e2d02a5",
        "depth_usd": 29818.79
      }
    ]
  },
  "measurement_scope": "Retained dashboard observations. Contract calls, independent bytecode/source matching and primary redemption simulations were not rerun for this editorial refresh."
}