explainable indices
Named indices give the market something to cite, but Bathymark will not use black-box trust scores. Every index needs visible components, source freshness, and methodology.
What this page answers
Every index here is live and computed from open data or our own sourced product records, with its components shown, never a black-box score. The Depth Index is rendered as The Waterline; the rest read the cash layer and the tokenized-asset trail.
Reads whether visible crypto liquidity is deepening, draining, or holding across chains, stablecoins, protocols, DEX volume, fees, yield pressure, and leverage.
Built from sourced Signals and rendered as The Waterline. Every component is explainable and linked to source context.
54 USD stablecoins tracked; 9 sitting more than 50bps off peg.
No black-box score. Computed live from the DeFiLlama stablecoins feed: share of circulating supply within 50bps of peg, count of off-peg names, and the widest current drift.
13 below peg, 3 above, widest first.
Reads peg drift in basis points and circulating supply from the keyless stablecoins feed. Names drifting at least 10bps are surfaced, widest first.
18 of 18 tracked products carry a named source with a URL.
Reads each product record for an attached source (exact name + URL) and a holding freshness state. Shows the share sourced and the names still pending. No fabricated sources.
3 distinct wrapper states across the tracked products; 5 are gated or complex.
Uses explainable state labels, not a numerical trust score. Each state is read straight from the product records and must be sourced.