Metrics framework
CBBTCMorpho Blue · Base
Every row states its formula, its inputs, its source and when it was retrieved. Where there is no figure there is a reason, not a dash.
24 of 109 metrics carry a value. The rest state what they are missing. That is not a gap in the presentation: this application's data is a yield and capital series — no price, no order book, no holder distribution and no contract data.
Identity
None of this is inferred. Without a source a classification stays undetermined — a token type, a chain or an issuer's location establishes no legal or economic classification.
Asset typeUNKNOWN
RepresentationUNKNOWN
RedemptionUNKNOWN
ChainUNKNOWN · Not checked
Contract addressUNKNOWN · Not checked
Market
The underlying time series is: tvlUsd. A metric over it describes that series, not a price.
Price — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no price series retrieved
- Definition
- The token price's relative distance from the reference value of the underlying asset.
- Formula
- (tokenPrice - referenceValue) / referenceValue
- Inputs
- tokenPrice, referenceValue
- Reading
- Positive means the token trades above the reference value, negative below. The figure says nothing about why.
- Limit
- Only as sound as the reference value itself: a once-a-day NAV and a live price do not refer to the same moment.
- Method
- In-house definition, formed from this application's inputs. · premiumDiscount · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 3:45 PM UTC
- This application retrieves no price series; what is available is the market data provider's yield and capital series.
Market capitalization — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: a pool row carries no market capitalization
- Definition
- The token price's relative distance from the reference value of the underlying asset.
- Formula
- (tokenPrice - referenceValue) / referenceValue
- Inputs
- tokenPrice, referenceValue
- Reading
- Positive means the token trades above the reference value, negative below. The figure says nothing about why.
- Limit
- Only as sound as the reference value itself: a once-a-day NAV and a live price do not refer to the same moment.
- Method
- In-house definition, formed from this application's inputs. · premiumDiscount · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 3:45 PM UTC
Total value locked — Show the explanation3,317,000,000 USD
- Definition
- One period's trading volume relative to the available liquidity of the same reference base.
- Formula
- volume / liquidity
- Inputs
- volume, liquidity
- Reading
- A turnover measure. It says nothing about the price at which turnover happened.
- Limit
- TVL is not liquidity: locked capital is not tradable capital. Which base was used is recorded with the result.
- Method
- In-house definition, formed from this application's inputs. · volumeToLiquidity · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 3:45 PM UTC
- Total value locked is not tradable liquidity: locked capital is not available for a withdrawal.
- Never reconciled by this application against supply and borrow.
Available liquidity — Show the explanation1,795,000,000 USD
- Definition
- One period's trading volume relative to the available liquidity of the same reference base.
- Formula
- volume / liquidity
- Inputs
- volume, liquidity
- Reading
- A turnover measure. It says nothing about the price at which turnover happened.
- Limit
- TVL is not liquidity: locked capital is not tradable capital. Which base was used is recorded with the result.
- Method
- In-house definition, formed from this application's inputs. · volumeToLiquidity · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 3:45 PM UTC
- Supply minus borrowed, only for lending markets that report both.
Realized variation — Show the explanation1.819
- Definition
- The annualized standard deviation of log period returns of the observed series.
- Formula
- stdDev(logReturns) * sqrt(periodsPerYear)
- Inputs
- series, periodsPerYear
- Reading
- Describes the measured series' variation over the measured window.
- Limit
- Annualizing assumes equal-length periods and independent returns. Over an APY or TVL series this is not price volatility — the result states which series it is.
- Method
- Standard definition; square-root-of-time annualization. · realizedVolatility · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 3:45 PM UTC
RegimeINSUFFICIENT_DATA — inputs insufficient for any rule
Model value
No model value arises for this market. There is no reference value, no net asset value, no bond terms and no documented mechanism through which economic value reaches holders. A figure from estimated inputs would be a valuation the evidence does not support.
INSUFFICIENT_DATA · Inputs incomplete
Method: NONE · Model status: INSUFFICIENT_DATA · TV-1.0
Model confidence and data quality
Confidence in the data and the model, independent of what the model computes. Not a probability of a price move and not an expected return.
Model confidence — Show the explanation86.04
- Definition
- How well the data and the model's validation support a statement, on 0–100.
- Formula
- mean of the available inputs (dataCompleteness, sourceQuality, freshness, crossValidation, historicalCoverage, modelValidation), each 0–100
- Inputs
- inputs
- Reading
- Confidence in data and model, independent of what the model computes. A high value alongside a low valuation is not a contradiction.
- Limit
- Not a probability of a price move and not an expected return. `modelValidation` stays 0 until a backtest run exists — that depresses the value, which is the point.
- Method
- In-house definition, formed from this application's inputs. · modelConfidence · TV-1.0 · EXPERIMENTAL
- Source: SKN3X.COM (berechnet / computed) (DERIVED) · retrieved Oct 5, 2026, 3:45 PM UTC
- Confidence in data and model — not a probability of a price move and not an expected return.
- Independent of the model value and the exposure index: neither is an input to this calculation.
Data quality — Show the explanation86.04
- Definition
- The mean of the available quality components, each on 0–100.
- Formula
- mean of the available components (freshness, completeness, consistency, sourceAuthority, crossSourceAgreement, historicalCoverage), each 0–100
- Inputs
- components
- Reading
- A statement about the data, not about the asset.
- Limit
- Not a probability. Missing components are skipped rather than averaged in as 0 — which were missing is recorded with the result.
- Method
- In-house definition, formed from this application's inputs. · dataQualityScore · TV-1.0 · EXPERIMENTAL
- Source: SKN3X.COM (berechnet / computed) (DERIVED) · retrieved Oct 5, 2026, 3:45 PM UTC
- Not a probability. A statement about the data, not about the asset.
- Based on 4 of 6 components; not computable: consistency, crossSourceAgreement.
- Agreement between independent sources: not determinable (INSUFFICIENT_DATA)
- Out-of-sample validation of the model: not determinable (INSUFFICIENT_EVIDENCE)
Exposure per dimension
An index from 0 to 100: how many of the flags checkable in this dimension were triggered. Not a probability of loss, not a grade, not a color — and no total across dimensions, because most have no signal here.
| Dimension | Index | Basis and limit |
|---|---|---|
| Technology | 0 | 0 of 1 flag points. Derived from a protocol allowlist (operating history as a proxy), not from an examination of the technology. |
| Smart contract | DATA_NOT_AVAILABLE · Field not available | Not assessed. No audit field in the index. Audit references as reported by DeFiLlama have been shown on the market page under “Evidence per dimension” since 28.09.2026; they do not feed into the index. An allowlist is not a code audit. |
| Oracle | DATA_NOT_AVAILABLE · Field not available | Not assessed. The oracle provider as reported by DeFiLlama is shown on the market page as evidence where available; update frequency, fallback and change rights are not available. The evidence does not feed into the index. |
| Liquidity | 0 | 0 of 3 flag points. Derived from total-value-locked thresholds. Locked capital is not tradable liquidity; order-book depth is unavailable. |
| Counterparty | DATA_NOT_AVAILABLE · Field not available | Not assessed. For tokenized RWA with an assigned identifier, register data (GLEIF, SEC EDGAR) and editorially recorded issuer details are shown on the market page as evidence; they do not feed into the index. Custody and contract data are not available. |
| Tokenomics | 25 | 1 of 4 flag points. Only the incentive share of the yield. Supply, unlocks and allocations are unavailable. |
| Governance | DATA_NOT_AVAILABLE · Field not available | Not assessed. The governance platform as reported by DeFiLlama is shown on the market page as evidence where available; voting-power distribution, quorum and timelock are not available. The evidence does not feed into the index. |
| Dependencies | DATA_NOT_AVAILABLE · Field not available | Not assessed. Dependencies are not inferred from market data. |
| Market structure | 25 | 1 of 4 flag points. Derived from the stablecoin flag, the position's exposure profile and the incentive share — no order-book or spread data. |
| Legal structure | DATA_NOT_AVAILABLE · Field not available | Not assessed. This application makes no legal classification. |
| Operations | DATA_NOT_AVAILABLE · Field not available | Not assessed. Event markers as reported by DeFiLlama (such as reported incidents) are shown on the market page as evidence; SKN3X.COM does not verify them, and they do not feed into the index. No other operational data is available. |
| Data | 0 | 0 of 3 flag points. Derived from the outlier flag and the row's field completeness. |
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Data as of: Oct 5, 2026, 3:45 PM UTC