{
  "generated_at": "2026-07-06T21:50:10.209362+00:00",
  "unix_timestamp": 1783374610,
  "block_heights": {
    "base": 48292632
  },
  "chains": [
    {
      "chain_id": 8453,
      "chain_name": "Base Mainnet",
      "vault_address": "0x8005bc7A86AD904C20fd62788ABED7546c1cF2AC",
      "total_assets_wei": 48533213364825176,
      "total_assets_eth": 0.048533213364825176,
      "total_supply_wei": 4874515519514120218728830628937904000,
      "total_supply_eth": 4874515519514120.0,
      "solvency_ratio": 9.956520431729562e-18,
      "rpc_healthy": true,
      "timestamp": 1783374612,
      "eth_exposed_eth": 0.00614218220445648
    }
  ],
  "total_onchain_assets_eth": 0.04853321,
  "total_onchain_liabilities_eth": 4874515519514120.0,
  "offchain_venue": "Hyperliquid",
  "offchain_equity_usd": 76.0,
  "offchain_equity_eth_equiv": 0.02303003,
  "offchain_net_delta": 0.006868,
  "offchain_short_position_eth": 0.0061,
  "total_assets_eth": 0.04853321,
  "total_liabilities_eth": 4874515519514120.0,
  "aggregate_solvency_ratio": 1.001001,
  "is_solvent": true,
  "delta_neutral": true,
  "attestation_hash": "0x44bc85b2931b270f2b9daa5e1192690f5f35769aacd3781559257e22283563e5",
  "signature": "0x6dcf4f16ee57b8faa8e9a979c094dd5f79f75e39185ec0c9fbc16564f6b9b91d6b322c4329dfd5ae2504d8463b4b03c82c0169e7532bf985a070a6ef001160721b",
  "signer": "0x09a2780ac8Be6D5d2d1F85A8D92b09D40C9CA37e",
  "status": "PSM_SOLVENT_VAULT_V1_DEGRADED_KNOWN",
  "signed_payload_canonical": "{\"aggregate_collateral_usd\":1203.77,\"aggregate_liabilities_usd\":1114.74,\"aggregate_solvency_ratio\":1.001001,\"aggregate_solvency_ratio_basis\":\"psm_usdc_reserve / outstanding_kusd (kUSD stablecoin backing). The pre-v4 vault-share basis is published unchanged in legacy_vault_share_solvency_ratio; see known_issue_vault_v1.\",\"aggregate_solvency_usd_ratio\":1.079873,\"chains\":[{\"chain_id\":8453,\"chain_name\":\"Base Mainnet\",\"eth_exposed_eth\":0.00614218220445648,\"rpc_healthy\":true,\"solvency_ratio\":9.956520431729562e-18,\"timestamp\":1783374612,\"total_assets_eth\":0.048533213364825176,\"total_assets_wei\":48533213364825176,\"total_supply_eth\":4874515519514120.0,\"total_supply_wei\":4874515519514120218728830628937904000,\"vault_address\":\"0x8005bc7A86AD904C20fd62788ABED7546c1cF2AC\"}],\"eth_price_usd\":1811.58,\"insurance_fund_usd\":0.0,\"insurance_fund_usdc\":0.0,\"insurance_fund_weth\":0.0,\"is_solvent_resolved\":true,\"kusd_total_supply\":1114.737154,\"legacy_vault_share_solvency_ratio\":0.0,\"offchain\":{\"available\":true,\"equity_eth_equiv\":0.023030034545454547,\"equity_usd\":75.999114,\"net_delta\":0.006867625064244098,\"short_position_eth\":0.0061,\"venue\":\"Hyperliquid\"},\"outstanding_kusd\":1114.737154,\"psm_kusd_held\":0.0,\"psm_reads_available\":true,\"psm_solvency_ratio\":1.001001,\"psm_solvent\":true,\"psm_usdc_reserve\":1115.853006,\"safe_usd\":0.0,\"safe_usdc\":0.0,\"safe_weth\":0.0,\"schema_version\":4,\"solvency_ratio\":0.0,\"status\":\"PSM_SOLVENT_VAULT_V1_DEGRADED_KNOWN\",\"timestamp\":1783374610,\"total_assets_eth\":0.04853321,\"total_liabilities_eth\":4874515519514120.0,\"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": 1114.737154,
  "psm_usdc_reserve": 1115.853006,
  "psm_kusd_held": 0.0,
  "outstanding_kusd": 1114.737154,
  "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": 1203.77,
  "aggregate_liabilities_usd": 1114.74,
  "aggregate_solvency_usd_ratio": 1.079873,
  "eth_price_usd": 1811.58,
  "aggregate_solvency_ratio_basis": "psm_usdc_reserve / outstanding_kusd (kUSD stablecoin backing). The pre-v4 vault-share basis is published unchanged in legacy_vault_share_solvency_ratio; see known_issue_vault_v1.",
  "legacy_vault_share_solvency_ratio": 0.0,
  "known_issue_vault_v1": {
    "issue": "VAULT_V1_PHANTOM_TOTAL_SUPPLY",
    "legacy_vault_share_solvency_ratio": 9.956520431729562e-18,
    "vault_total_assets_eth": 0.04853321,
    "vault_total_supply_asset_units": 4874515519514120.0,
    "explanation": "KerneVault v1 (0x8005bc7A86AD904C20fd62788ABED7546c1cF2AC) carries a phantom totalSupply (~4.87e36 kLP) from the bucket-transition asymmetry documented in ADVERSARIAL_AUDIT_2026-05-08 \u00a71.3. This share-basis ratio is a known artifact of that state, not a live solvency failure: vault deposits are paused and kUSD is 1:1 USDC-backed via the PSM. Read aggregate_solvency_ratio, psm_solvent and aggregate_solvency_usd_ratio for actual solvency. The vault v2 redeploy retires this entry."
  },
  "notes": [
    "KerneVault v1 (0x8005bc7A86AD904C20fd62788ABED7546c1cF2AC) has a known phantom totalSupply from the bucket-transition asymmetry documented in ADVERSARIAL_AUDIT_2026-05-08 \u00a71.3. The share-basis fields (legacy_vault_share_solvency_ratio, total_liabilities_eth, chains[].solvency_ratio) read near-zero because of this; see known_issue_vault_v1. The real protocol solvency is the headline aggregate_solvency_ratio (PSM 1:1 USDC backing) and the USD-aggregate view: vault deposits are paused, kUSD-stablecoin liabilities are over-collateralized in USD terms. Vault v2 redeploy retires this state."
  ],
  "schema_version": 4
}