Basis Protocol

Score Proof · USDE · SII · 2026-07-29 07:00 UTC

Ethena USDe USDE
Issued by Ethena Labs
76.4

Methodology v1.2.0 · Computed 2026-07-29 03:57 UTC · 63 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 89.9 26.96
Liquidity Depth 0.25 66.6 16.64
Mint/Burn Flows 0.15 66.7 10.01
Holder Distribution 0.10 70.6 7.06
Structural Risk 0.20 72.2 14.43
Total 76.4 75.11

Component Readings

63 of 56 target components currently scoring

Component Raw Value Score (0-100) Source Type Collected
Flows
daily_burn_volume 1.451e+06 100.0 etherscan live 2026-07-29 03:56
daily_mint_volume 0 100.0 etherscan live 2026-07-29 03:56
net_mint_burn_ratio 0 0.0 etherscan live 2026-07-29 03:56
supply_change_velocity 2.025 33.6 derived static 2026-07-29 03:56
unusual_minting_detection 0.2018 100.0 derived static 2026-07-29 03:56
Governance
governance_model 60 60.0 config static 2026-07-29 03:56
team_transparency 0 50.0 config static 2026-07-29 03:56
Holder Distribution
agent_holder_share 0 actor_classification static 2026-07-29 03:56
correlated_response_risk 0 actor_classification static 2026-07-29 03:56
exchange_concentration 3.593 54.4 etherscan live 2026-07-29 03:56
top_10_concentration 3.593 100.0 etherscan live 2026-07-29 03:56
unique_holders 4.752e+04 60.0 etherscan live 2026-07-29 03:56
Liquidity
avg_bid_ask_spread 0.0478 95.2 coingecko live 2026-07-29 03:56
bid_ask_spread 0.0489 100.0 derived static 2026-07-29 03:56
cex_listing_count 33 70.0 coingecko live 2026-07-29 03:56
chain_count 31 100.0 defillama live 2026-07-29 03:56
circulating_ratio 1 100.0 coingecko live 2026-07-29 03:56
defi_protocol_count 2 70.0 defillama live 2026-07-29 03:56
dex_pool_count 16 100.0 coingecko live 2026-07-29 03:56
lending_apy 4.38 43.8 defillama live 2026-07-29 03:56
lending_tvl 8.172e+08 100.0 defillama live 2026-07-29 03:56
market_cap 3.861e+09 80.0 coingecko live 2026-07-29 03:56
volume_24h 4.771e+07 60.0 coingecko live 2026-07-29 03:56
volume_concentration 0.6151 47.5 coingecko live 2026-07-29 03:56
volume_mcap_ratio 0.0124 1.7 coingecko live 2026-07-29 03:56
Market Activity
daily_turnover_ratio 1.236 24.7 coingecko live 2026-07-29 03:56
exchange_count 49 70.0 coingecko live 2026-07-29 03:56
exchange_trust_ratio 1 100.0 exchange_snapshots static 2026-07-29 03:56
mcap_change_24h -1.84 66.3 coingecko live 2026-07-29 03:56
price_stability_24h 0.0309 99.4 coingecko live 2026-07-29 03:56
price_stability_7d 0.0323 99.7 coingecko live 2026-07-29 03:56
stablecoin_market_share 2.574 60.0 coingecko live 2026-07-29 03:56
trading_pair_diversity 36 100.0 coingecko live 2026-07-29 03:56
Network
gas_resilience 75 75.0 config static 2026-07-29 03:56
primary_chain_security 95 95.0 static static 2026-07-29 03:56
Peg Stability
arbitrage_efficiency 0.2351 5.0 derived static 2026-07-29 03:56
depeg_events_30d 0 100.0 coingecko live 2026-07-29 03:56
max_drawdown_30d 0.2337 97.7 coingecko live 2026-07-29 03:56
peg_24h_max_deviation 0.0559 99.4 coingecko live 2026-07-29 03:56
peg_30d_stability 1 100.0 coingecko live 2026-07-29 03:56
peg_7d_max 1 99.8 coingecko live 2026-07-29 03:56
peg_7d_min 0.9995 99.0 coingecko live 2026-07-29 03:56
peg_7d_stddev 8.8e-05 99.6 coingecko live 2026-07-29 03:56
peg_current_deviation 0.0496 99.0 coingecko live 2026-07-29 03:56
peg_range_7d 0.000622 96.9 coingecko live 2026-07-29 03:56
stress_performance 1.954 80.9 coingecko live 2026-07-29 03:56
Regulatory
jurisdiction_clarity 1 80.0 config static 2026-07-29 03:56
regulatory_status 45 45.0 config static 2026-07-29 03:56
Smart Contract
admin_key_risk 65 65.0 config static 2026-07-29 03:56
blacklist_capability 0 100.0 config static 2026-07-29 03:56
bug_bounty_score 2.5e+05 100.0 config static 2026-07-29 03:56
contract_verified 1 100.0 static static 2026-07-29 03:56
exploit_history 0 100.0 config static 2026-07-29 03:56
pausability 0 100.0 config static 2026-07-29 03:56
Transparency
attestation_frequency 7 95.0 config static 2026-07-29 03:56
attestation_freshness 282 20.0 cda_reducto_pdf cda 2026-07-29 03:56
auditor_quality 3 60.0 config static 2026-07-29 03:56
cash_equivalents_pct 0 0.0 attestation static 2026-07-29 03:56
custodian_diversification 1 35.0 cda_reducto_pdf cda 2026-07-29 03:56
reserve_to_supply_ratio 1.01 75.0 attestation static 2026-07-29 03:56
transparency_url_exists 1 100.0 config static 2026-07-29 03:56

Evidence

Raw JSON · Score History · Witness Archive · Methodology Spec

Re-derivation

Inputs hash: 2b500ce7212610579a036d9d320f20e6

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.