Basis Protocol

Score Proof · USDE · SII · 2026-04-21 11:38 UTC

Ethena USDe USDE
Issued by Ethena Labs
78.7

Methodology v1.0.0 · Computed 2026-04-21 10:00 UTC · 62 components

This page shows every input used to compute this score. The methodology is open. The computation is deterministic — same inputs always produce the same output.

Formula

SII = 0.30×Peg + 0.25×Liquidity + 0.15×Flows + 0.10×Distribution + 0.20×Structural

Category Weight Score Contribution
Peg Stability 0.30 87.7 26.31
Liquidity Depth 0.25 74.2 18.55
Mint/Burn Flows 0.15 73.0 10.95
Holder Distribution 0.10 68.1 6.81
Structural Risk 0.20 80.4 16.07
Total 78.7 78.70

Component Readings

62 of 56 target components currently scoring

Component Raw Value Score (0-100) Source Type Collected
Flows
daily_burn_volume 1.236e+06 100.0 etherscan live 2026-04-21 10:00
daily_mint_volume 0 100.0 etherscan live 2026-04-21 10:00
net_mint_burn_ratio 0 0.0 etherscan live 2026-04-21 10:00
supply_change_velocity 4.562 0.0 derived static 2026-04-21 10:00
unusual_minting_detection 100 0.0 derived static 2026-04-21 10:00
Governance
governance_model 60 60.0 config static 2026-04-21 10:00
team_transparency 0 50.0 config static 2026-04-21 10:00
Holder Distribution
agent_holder_share 0 actor_classification static 2026-04-21 10:00
correlated_response_risk 0 actor_classification static 2026-04-21 10:00
exchange_concentration 1.105 44.4 etherscan live 2026-04-21 10:00
top_10_concentration 1.105 100.0 etherscan live 2026-04-21 10:00
unique_holders 4.525e+04 60.0 etherscan live 2026-04-21 10:00
Liquidity
avg_bid_ask_spread 0.0838 91.6 coingecko live 2026-04-21 10:00
bid_ask_spread 0.0785 97.0 derived static 2026-04-21 10:00
cex_listing_count 33 70.0 coingecko live 2026-04-21 10:00
chain_count 23 100.0 defillama live 2026-04-21 10:00
circulating_ratio 1 100.0 coingecko live 2026-04-21 10:00
defi_protocol_count 1 50.0 defillama live 2026-04-21 10:00
dex_pool_count 12 100.0 coingecko live 2026-04-21 10:00
lending_apy 5.19 52.0 defillama live 2026-04-21 10:00
lending_tvl 9.013e+07 60.0 defillama live 2026-04-21 10:00
market_cap 4.994e+09 80.0 coingecko live 2026-04-21 10:00
volume_24h 4.228e+08 80.0 coingecko live 2026-04-21 10:00
volume_concentration 0.714 31.0 coingecko live 2026-04-21 10:00
volume_mcap_ratio 0.0847 53.3 coingecko live 2026-04-21 10:00
Market Activity
daily_turnover_ratio 8.465 100.0 coingecko live 2026-04-21 10:00
exchange_count 45 70.0 coingecko live 2026-04-21 10:00
exchange_trust_ratio 0 0.0 coingecko live 2026-04-21 10:00
mcap_change_24h -7.28 55.4 coingecko live 2026-04-21 10:00
price_stability_24h 0.0195 99.6 coingecko live 2026-04-21 10:00
price_stability_7d 0.0978 99.0 coingecko live 2026-04-21 10:00
stablecoin_market_share 3.33 60.0 coingecko live 2026-04-21 10:00
trading_pair_diversity 25 100.0 coingecko live 2026-04-21 10:00
Network
gas_resilience 75 75.0 config static 2026-04-21 10:00
primary_chain_security 95 95.0 static static 2026-04-21 10:00
Peg Stability
arbitrage_efficiency 0.152 0.0 derived static 2026-04-21 10:00
depeg_events_30d 0 100.0 coingecko live 2026-04-21 10:00
max_drawdown_30d 0.2397 97.6 coingecko live 2026-04-21 10:00
peg_24h_max_deviation 0.0908 99.1 coingecko live 2026-04-21 10:00
peg_30d_stability 1 100.0 coingecko live 2026-04-21 10:00
peg_7d_max 1 99.2 coingecko live 2026-04-21 10:00
peg_7d_min 0.9991 98.3 coingecko live 2026-04-21 10:00
peg_7d_stddev 0.000232 98.8 coingecko live 2026-04-21 10:00
peg_current_deviation 0.0656 98.7 coingecko live 2026-04-21 10:00
peg_range_7d 0.001264 93.7 coingecko live 2026-04-21 10:00
stress_performance 2.039 79.2 coingecko live 2026-04-21 10:00
Regulatory
jurisdiction_clarity 1 80.0 config static 2026-04-21 10:00
regulatory_status 45 45.0 config static 2026-04-21 10:00
Smart Contract
admin_key_risk 65 65.0 config static 2026-04-21 10:00
blacklist_capability 0 100.0 config static 2026-04-21 10:00
bug_bounty_score 2.5e+05 100.0 config static 2026-04-21 10:00
contract_verified 1 100.0 static static 2026-04-21 10:00
exploit_history 0 100.0 config static 2026-04-21 10:00
pausability 0 100.0 config static 2026-04-21 10:00
Transparency
attestation_frequency 7 95.0 config static 2026-04-21 10:00
attestation_freshness 183 0.0 cda_reducto_pdf cda 2026-04-21 10:00
auditor_quality 3 60.0 config static 2026-04-21 10:00
cash_equivalents_pct 0 0.0 attestation static 2026-04-21 10:00
reserve_to_supply_ratio 1.01 75.0 attestation static 2026-04-21 10:00
transparency_url_exists 1 100.0 config static 2026-04-21 10:00

Evidence

Raw JSON · Score History · Witness Archive · Methodology Spec

Re-derivation

Inputs hash: 5f26b0b7048036175aac35c6a37de5bd

You can verify this score independently by calling GET /api/scores/usde and applying the published formula to the component readings. The same inputs always produce the same output.