{
  "generated_at": "2026-05-31T16:29:15.964154+00:00",
  "unix_timestamp": 1780244955,
  "block_heights": {
    "base": 46727804
  },
  "chains": [
    {
      "chain_id": 8453,
      "chain_name": "Base Mainnet",
      "vault_address": "0x8005bc7A86AD904C20fd62788ABED7546c1cF2AC",
      "total_assets_wei": 106550962360556766,
      "total_assets_eth": 0.10655096236055676,
      "total_supply_wei": 4874515519514120218728830628937904000,
      "total_supply_eth": 4.87451551951412e+18,
      "solvency_ratio": 2.1858780002648858e-20,
      "rpc_healthy": true,
      "timestamp": 1780244956
    }
  ],
  "total_onchain_assets_eth": 0.10655096,
  "total_onchain_liabilities_eth": 4.87451551951412e+18,
  "offchain_venue": "Hyperliquid",
  "offchain_equity_usd": 47.4,
  "offchain_equity_eth_equiv": 0.01436448,
  "offchain_net_delta": 0.02488,
  "offchain_short_position_eth": 0.1039,
  "total_assets_eth": 0.12091545,
  "total_liabilities_eth": 4.87451551951412e+18,
  "aggregate_solvency_ratio": 0.0,
  "is_solvent": true,
  "delta_neutral": true,
  "attestation_hash": "0x610321ec7f212a32dbc9d863cc24d1d34ea65112369cf48ecc576a80bf126304",
  "signature": "0x9c7ea633d953837a6b5e4d52e8fd45873905660436cdb34e1e78ea09684eb95a13ca368482b66e9affafe47d5e5b843eac3b695bc2f94f51daa8dbf1cc861eb71b",
  "signer": "0x09a2780ac8Be6D5d2d1F85A8D92b09D40C9CA37e",
  "status": "PSM_SOLVENT_VAULT_V1_DEGRADED_KNOWN",
  "signed_payload_canonical": "{\"aggregate_collateral_usd\":267.73,\"aggregate_liabilities_usd\":6.85,\"aggregate_solvency_usd_ratio\":39.107035,\"chains\":[{\"chain_id\":8453,\"chain_name\":\"Base Mainnet\",\"rpc_healthy\":true,\"solvency_ratio\":2.1858780002648858e-20,\"timestamp\":1780244956,\"total_assets_eth\":0.10655096236055676,\"total_assets_wei\":106550962360556766,\"total_supply_eth\":4.87451551951412e+18,\"total_supply_wei\":4874515519514120218728830628937904000,\"vault_address\":\"0x8005bc7A86AD904C20fd62788ABED7546c1cF2AC\"}],\"eth_price_usd\":2003.52,\"insurance_fund_usd\":0.0,\"insurance_fund_usdc\":0.0,\"insurance_fund_weth\":0.0,\"is_solvent_resolved\":true,\"kusd_total_supply\":6.846154,\"offchain\":{\"available\":true,\"equity_eth_equiv\":0.014364483333333332,\"equity_usd\":47.402795,\"net_delta\":0.02487975989917568,\"short_position_eth\":0.1039,\"venue\":\"Hyperliquid\"},\"outstanding_kusd\":6.846154,\"psm_kusd_held\":0.0,\"psm_reads_available\":true,\"psm_solvency_ratio\":1.001001,\"psm_solvent\":true,\"psm_usdc_reserve\":6.853006,\"safe_usd\":0.0,\"safe_usdc\":0.0,\"safe_weth\":0.0,\"schema_version\":3,\"solvency_ratio\":0.0,\"status\":\"PSM_SOLVENT_VAULT_V1_DEGRADED_KNOWN\",\"timestamp\":1780244955,\"total_assets_eth\":0.12091545,\"total_liabilities_eth\":4.87451551951412e+18,\"treasury_usd\":0.0,\"treasury_usdc\":0.0,\"treasury_weth\":0.0,\"vault_v1_degraded_known\":true}",
  "vault_v1_degraded_known": true,
  "psm_reads_available": true,
  "kusd_total_supply": 6.846154,
  "psm_usdc_reserve": 6.853006,
  "psm_kusd_held": 0.0,
  "outstanding_kusd": 6.846154,
  "psm_solvent": true,
  "psm_solvency_ratio": 1.001001,
  "insurance_fund_usdc": 0.0,
  "insurance_fund_weth": 0.0,
  "insurance_fund_usd": 0.0,
  "treasury_usdc": 0.0,
  "treasury_weth": 0.0,
  "treasury_usd": 0.0,
  "safe_usdc": 0.0,
  "safe_weth": 0.0,
  "safe_usd": 0.0,
  "aggregate_collateral_usd": 267.73,
  "aggregate_liabilities_usd": 6.85,
  "aggregate_solvency_usd_ratio": 39.107035,
  "eth_price_usd": 2003.52,
  "notes": [
    "KerneVault v1 (0x8005bc7A86AD904C20fd62788ABED7546c1cF2AC) has a known phantom totalSupply from the bucket-transition asymmetry documented in ADVERSARIAL_AUDIT_2026-05-08 \u00a71.3. The kLP-share basis solvency fields (is_solvent, aggregate_solvency_ratio) read CRITICAL because of this; the real protocol solvency is the PSM-and-USD-aggregate view: PSM is 1:1 USDC-backed, vault deposits are paused, kUSD-stablecoin liabilities are over-collateralized in USD terms. Vault v2 redeploy retires this state."
  ],
  "schema_version": 3
}