Basis Protocol

Score Proof · USDE · SII · 2026-06-13 11:57 UTC

Ethena USDe USDE
Issued by Ethena Labs
85.3

Methodology v1.2.0 · Computed 2026-06-13 09:35 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 95.4 28.62
Liquidity Depth 0.25 71.8 17.95
Mint/Burn Flows 0.15 100.0 15.00
Holder Distribution 0.10 68.4 6.84
Structural Risk 0.20 70.5 14.10
Total 85.3 82.50

Component Readings

62 of 56 target components currently scoring

Component Raw Value Score (0-100) Source Type Collected
Flows
daily_burn_volume 0 100.0 etherscan live 2026-06-13 09:35
daily_mint_volume 0 100.0 etherscan live 2026-06-13 09:35
net_mint_burn_ratio 0.5 100.0 etherscan live 2026-06-13 09:35
supply_change_velocity 0.002 100.0 derived static 2026-06-13 09:35
unusual_minting_detection 0.1938 100.0 derived static 2026-06-13 09:35
Governance
governance_model 60 60.0 config static 2026-06-13 09:35
team_transparency 0 50.0 config static 2026-06-13 09:35
Holder Distribution
agent_holder_share 0 actor_classification static 2026-06-13 09:35
correlated_response_risk 0 actor_classification static 2026-06-13 09:35
exchange_concentration 0.8274 43.3 etherscan live 2026-06-13 09:35
top_10_concentration 0.8274 100.0 etherscan live 2026-06-13 09:35
unique_holders 4.58e+04 60.0 etherscan live 2026-06-13 09:35
Liquidity
avg_bid_ask_spread 0.0474 95.3 coingecko live 2026-06-13 09:35
bid_ask_spread 0.0473 100.0 derived static 2026-06-13 09:35
cex_listing_count 35 70.0 coingecko live 2026-06-13 09:35
chain_count 28 100.0 defillama live 2026-06-13 09:35
circulating_ratio 1 100.0 coingecko live 2026-06-13 09:35
defi_protocol_count 2 70.0 defillama live 2026-06-13 09:35
dex_pool_count 12 100.0 coingecko live 2026-06-13 09:35
lending_apy 2.31 23.1 defillama live 2026-06-13 09:35
lending_tvl 7.55e+08 100.0 defillama live 2026-06-13 09:35
market_cap 4.484e+09 80.0 coingecko live 2026-06-13 09:35
volume_24h 1.049e+08 80.0 coingecko live 2026-06-13 09:35
volume_concentration 0.4613 73.1 coingecko live 2026-06-13 09:35
volume_mcap_ratio 0.0234 9.6 coingecko live 2026-06-13 09:35
Market Activity
daily_turnover_ratio 2.339 46.8 coingecko live 2026-06-13 09:35
exchange_count 47 70.0 coingecko live 2026-06-13 09:35
exchange_trust_ratio coingecko live 2026-06-13 09:35
mcap_change_24h 0.11 70.3 coingecko live 2026-06-13 09:35
price_stability_24h 0.0771 98.5 coingecko live 2026-06-13 09:35
price_stability_7d 0.0115 99.9 coingecko live 2026-06-13 09:35
stablecoin_market_share 2.99 60.0 coingecko live 2026-06-13 09:35
trading_pair_diversity 30 100.0 coingecko live 2026-06-13 09:35
Network
gas_resilience 75 75.0 config static 2026-06-13 09:35
primary_chain_security 95 95.0 static static 2026-06-13 09:35
Peg Stability
arbitrage_efficiency 0.6387 62.7 derived static 2026-06-13 09:35
depeg_events_30d 0 100.0 coingecko live 2026-06-13 09:35
max_drawdown_30d 0.223 97.8 coingecko live 2026-06-13 09:35
peg_24h_max_deviation 0.1359 98.6 coingecko live 2026-06-13 09:35
peg_30d_stability 1 100.0 coingecko live 2026-06-13 09:35
peg_7d_max 0.9997 99.3 coingecko live 2026-06-13 09:35
peg_7d_min 0.9986 97.2 coingecko live 2026-06-13 09:35
peg_7d_stddev 0.000229 98.9 coingecko live 2026-06-13 09:35
peg_current_deviation 0.0465 99.1 coingecko live 2026-06-13 09:35
peg_range_7d 0.001083 94.6 coingecko live 2026-06-13 09:35
stress_performance 2.286 74.3 coingecko live 2026-06-13 09:35
Regulatory
jurisdiction_clarity 1 80.0 config static 2026-06-13 09:35
regulatory_status 45 45.0 config static 2026-06-13 09:35
Smart Contract
admin_key_risk 65 65.0 config static 2026-06-13 09:35
blacklist_capability 0 100.0 config static 2026-06-13 09:35
bug_bounty_score 2.5e+05 100.0 config static 2026-06-13 09:35
contract_verified 1 100.0 static static 2026-06-13 09:35
exploit_history 0 100.0 config static 2026-06-13 09:35
pausability 0 100.0 config static 2026-06-13 09:35
Transparency
attestation_frequency 7 95.0 config static 2026-06-13 09:35
attestation_freshness 236 0.0 cda_reducto_pdf cda 2026-06-13 09:35
auditor_quality 3 60.0 config static 2026-06-13 09:35
cash_equivalents_pct 0 0.0 attestation static 2026-06-13 09:35
reserve_to_supply_ratio 1.01 75.0 attestation static 2026-06-13 09:35
transparency_url_exists 1 100.0 config static 2026-06-13 09:35

Evidence

Raw JSON · Score History · Witness Archive · Methodology Spec

Re-derivation

Inputs hash: 2af94c47d4460835319084a4d3b87ffb

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.