Understanding Metrics
All the information you need to understand the protocol and its numbers.
The Metrics section has plenty of information about the health of the system and helps you make your decisions regarding Money On Chain tokens.
The first card is for the System Status.
It shows the health of the system indicating which operations are available. This depends on the Global Coverage that is displayed at the right of the card.
The Global Coverage is the relation between collateral in the protocol measured in USD and DoC tokens issued (BTCx positions are not counted).
β€ŒThe card at the right shows the information on the amount of rBTC in the protocol disaggregated by BPro (orange), DoC (green), and BTCx (red).
Then we can see rBTC price in USD and rBTC interest bag that is the interest paid to BPro by BTCx.
EMA (Exponential Moving Average) is the rBTC price at which the Global Coverage reaches Target Coverage (lower limit of Coverage at which the system begins the restrictions).
The DoC card displays the amount in the system (minted) and the amount available to redeem and mint according to the collateral locked.
BPro card shows its current price and leverage and on the right side the amount of BPro minted and available to redeem.
The Discount price will remain equal to BPro price. It will show a lower number only in the case the Global Coverage goes lower than 2 as it is explained in this article.
In the BTCx card, you can find the current price, the amount of BTCx currently in the system, and what is available to mint.
Then it shows the Leverage and the Spot Coverage that is the coverage of BTCx, if this number goes down to 1.04, BTCx positions are liquidated.
The information about the liquidity of BPro and BTCx is shown in the next card.
Total rBTC is the amount of rBTC in BPro, Total DoC is the amount of DoC that gives leverage to BPro, and the amount of BPro minted. Same for BTCx.
In the last card, you can find the approximate date of the settlement, remember this is a calculation as settlement occurs every 84,720 blocks, that is approximately every 30 days.
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