peer valuation difference
The valuation multiple differs materially from the eligible peer median
Current streak: 6 snapshots · triggered 6/6 observed snapshots
cap · coingecko:cap-4
The valuation multiple differs materially from the eligible peer median
Current streak: 6 snapshots · triggered 6/6 observed snapshots
At least one available fundamental deteriorated beyond the configured threshold
Current streak: 1 snapshot · triggered 3/6 observed snapshots
Total supply is high relative to circulating supply
Current streak: 6 snapshots · triggered 6/6 observed snapshots
| Metric | Period | Value | Observed |
|---|---|---|---|
| fees | 24h | $14,188.00 | 2026-10-18T04:35:58.074Z |
| fees | 30d | $494,295.00 | 2026-10-18T04:35:58.074Z |
| fees | 7d | $93,537.00 | 2026-10-18T04:35:58.074Z |
| fees | daily | $13,348.00 | 2026-09-30T00:00:00.000Z |
| holders revenue | 24h | $0.00 | 2026-10-18T04:36:12.168Z |
| holders revenue | 30d | $0.00 | 2026-10-18T04:36:12.168Z |
| holders revenue | 7d | $0.00 | 2026-10-18T04:36:12.168Z |
| holders revenue | daily | $0.00 | 2026-09-30T00:00:00.000Z |
| revenue | 24h | $8.84 | 2026-10-18T04:36:00.033Z |
| revenue | 30d | $419.18 | 2026-10-18T04:36:00.033Z |
| revenue | 7d | $78.81 | 2026-10-18T04:36:00.033Z |
| revenue | daily | $14.76 | 2026-09-30T00:00:00.000Z |
| tvl | point in time | $224.35M | 2026-10-18T04:35:46.584Z |
| Metric | Window | Change | Boundary |
|---|---|---|---|
| fees usd:24h | 7d | -7.30% | 2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z |
| fees usd:30d | 7d | -6.34% | 2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z |
| fees usd:7d | 7d | -20.67% | 2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z |
| fees usd:daily | 7d | -16.15% | 2026-09-23T00:00:00.000Z → 2026-09-30T00:00:00.000Z |
| market cap usd:point in time | 7d | -18.44% | 2026-10-11T03:38:51.000Z → 2026-10-18T03:31:49.000Z |
| revenue usd:24h | 7d | -32.31% | 2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z |
| revenue usd:30d | 7d | -0.33% | 2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z |
| revenue usd:7d | 7d | -7.76% | 2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z |
| revenue usd:daily | 7d | 28.01% | 2026-09-23T00:00:00.000Z → 2026-09-30T00:00:00.000Z |
| tvl usd:point in time | 7d | -17.40% | 2026-10-11T04:49:10.103Z → 2026-10-18T04:35:46.584Z |
| fees usd:daily | 30d | -32.56% | 2026-08-31T00:00:00.000Z → 2026-09-30T00:00:00.000Z |
| market cap usd:point in time | 30d | 33.09% | 2026-09-18T00:00:00.000Z → 2026-10-18T03:31:49.000Z |
| revenue usd:daily | 30d | -15.46% | 2026-08-31T00:00:00.000Z → 2026-09-30T00:00:00.000Z |
| tvl usd:point in time | 30d | -31.05% | 2026-09-18T00:00:00.000Z → 2026-10-18T04:35:46.584Z |
| fees usd:daily | 90d | 17.95% | 2026-07-02T00:00:00.000Z → 2026-09-30T00:00:00.000Z |
| market cap usd:point in time | 90d | 296.68% | 2026-07-20T00:00:00.000Z → 2026-10-18T03:31:49.000Z |
| revenue usd:daily | 90d | 54.55% | 2026-07-02T00:00:00.000Z → 2026-09-30T00:00:00.000Z |
| tvl usd:point in time | 90d | -12.96% | 2026-07-20T00:00:00.000Z → 2026-10-18T04:35:46.584Z |
| fees usd:daily | 180d | -6.23% | 2026-04-03T00:00:00.000Z → 2026-09-30T00:00:00.000Z |
| revenue usd:daily | 180d | 2.64% | 2026-04-03T00:00:00.000Z → 2026-09-30T00:00:00.000Z |
| tvl usd:point in time | 180d | -32.19% | 2026-04-21T00:00:00.000Z → 2026-10-18T04:35:46.584Z |
Generate or open a cached AI research brief constrained to this dossier's stored evidence, calculations, and limitations.
Open AI research briefEligible, but configured thresholds were not jointly met
Limits: Revenue multiple uses 24-hour revenue annualized consistently at both endpoints
{
"inputs": {
"revenue": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "4b4382a3-87e8-4d77-9ce7-f5b4fbc78ca0:6579:revenue:1789689600",
"at": "2026-09-18T00:00:00.000Z",
"value": 11.2
},
"end": {
"id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:17616",
"at": "2026-10-18T04:36:00.033Z",
"value": 8.84
},
"percent": -21.07142857142857,
"definition": "(end - start) / abs(start) * 100 over 30 days"
},
"marketCap": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "4b4382a3-87e8-4d77-9ce7-f5b4fbc78ca0:coingecko:cap-4:1789689600000",
"at": "2026-09-18T00:00:00.000Z",
"value": 85960247.80580519
},
"end": {
"id": "ccd4247e-2e4f-4bb6-9d14-0cf345583e2b",
"at": "2026-10-18T03:31:49.000Z",
"value": 114405654
},
"percent": 33.09134968812153,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"calculation": {
"startMultiple": 7675022.125518321,
"endMultiple": 12941816.063348416,
"multipleChange": 68.62252449173766
},
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}Eligible, but configured thresholds were not jointly met
{
"inputs": {
"activity": {
"metric": "fees_usd",
"result": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "4b4382a3-87e8-4d77-9ce7-f5b4fbc78ca0:6579:fees:1789689600",
"at": "2026-09-18T00:00:00.000Z",
"value": 13178
},
"end": {
"id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:10041",
"at": "2026-10-18T04:35:58.074Z",
"value": 14188
},
"percent": 7.6642889664592495,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"marketCap": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "4b4382a3-87e8-4d77-9ce7-f5b4fbc78ca0:coingecko:cap-4:1789689600000",
"at": "2026-09-18T00:00:00.000Z",
"value": 85960247.80580519
},
"end": {
"id": "ccd4247e-2e4f-4bb6-9d14-0cf345583e2b",
"at": "2026-10-18T03:31:49.000Z",
"value": 114405654
},
"percent": 33.09134968812153,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"calculation": {
"activityChangePercent": 7.6642889664592495,
"marketCapChangePercent": 33.09134968812153
},
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}Starting value is zero; percentage change is undefined
Limits: Requires holders revenue and fees at both boundaries
{
"inputs": {},
"calculation": null,
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}The valuation multiple differs materially from the eligible peer median
Limits: A difference is not evidence of mispricing; protocol economics may not be comparable
{
"inputs": {
"currentCap": 114405654,
"latestRevenue": 8.84,
"peerMedian": 34.55381309893715
},
"calculation": {
"annualizedRevenueMultiple": 35457.03031054361,
"peerMultipleRatio": 1026.1394367394505
},
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}At least one available fundamental deteriorated beyond the configured threshold
{
"inputs": {
"fees": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "4b4382a3-87e8-4d77-9ce7-f5b4fbc78ca0:6579:fees:1789689600",
"at": "2026-09-18T00:00:00.000Z",
"value": 13178
},
"end": {
"id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:10041",
"at": "2026-10-18T04:35:58.074Z",
"value": 14188
},
"percent": 7.6642889664592495,
"definition": "(end - start) / abs(start) * 100 over 30 days"
},
"revenue": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "4b4382a3-87e8-4d77-9ce7-f5b4fbc78ca0:6579:revenue:1789689600",
"at": "2026-09-18T00:00:00.000Z",
"value": 11.2
},
"end": {
"id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:17616",
"at": "2026-10-18T04:36:00.033Z",
"value": 8.84
},
"percent": -21.07142857142857,
"definition": "(end - start) / abs(start) * 100 over 30 days"
},
"tvl": {
"status": "calculated",
"windowDays": 30,
"start": {
"id": "4b4382a3-87e8-4d77-9ce7-f5b4fbc78ca0:6579:tvl:1789689600",
"at": "2026-09-18T00:00:00.000Z",
"value": 325384821
},
"end": {
"id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:158",
"at": "2026-10-18T04:35:46.584Z",
"value": 224350068.92797312
},
"percent": -31.05084980962492,
"definition": "(end - start) / abs(start) * 100 over 30 days"
}
},
"calculation": {
"worstChangePercent": -31.05084980962492
},
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}Total supply is high relative to circulating supply
Limits: Supply fields are provider-reported and do not describe unlock timing
{
"inputs": {
"circulatingSupply": 1560000000,
"totalSupply": 10000000000
},
"calculation": {
"totalToCirculatingRatio": 6.410256410256411
},
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}No provider identity conflict detected
{
"inputs": {
"identityConflict": false
},
"calculation": null,
"evaluatedAt": "2026-10-18T04:35:46.584Z"
}[
{
"assetId": "coingecko:cap-4",
"kind": "sector",
"value": "lending_borrowing",
"status": "classified",
"reason": "Canonical mapping from DeFiLlama category Lending",
"sourceProvider": "defillama",
"sourceRecord": "6579",
"observedAt": "2026-10-18T04:35:46.584Z"
},
{
"assetId": "coingecko:cap-4",
"kind": "asset_type",
"value": "protocol_token",
"status": "classified",
"reason": "Canonical type mapping from DeFiLlama category Lending",
"sourceProvider": "defillama",
"sourceRecord": "6579",
"observedAt": "2026-10-18T04:35:46.584Z"
}
][
{
"assetId": "coingecko:cap-4",
"protocolId": "6579",
"protocolSlug": "cap",
"method": "gecko_id_and_chain_contract",
"evidence": "DeFiLlama gecko_id=cap-4; DeFiLlama address=0x99991c6aabba5a096f24f250b73580f5179b9999; CoinGecko platforms.ethereum=0x99991c6aabba5a096f24f250b73580f5179b9999",
"status": "verified_provider_relationship"
}
][
{
"assetId": "coingecko:cap-4",
"observedAt": "2026-10-18T04:35:46.584Z",
"status": "analyzable",
"method": "global",
"reason": "At least one deterministic screening method is eligible"
},
{
"assetId": "coingecko:cap-4",
"observedAt": "2026-10-18T04:35:46.584Z",
"status": "excluded_from_method",
"method": "improving_tokenholder_value_capture",
"reason": "Starting value is zero; percentage change is undefined"
},
{
"assetId": "coingecko:cap-4",
"observedAt": "2026-10-18T04:35:46.584Z",
"status": "requires_manual_investigation",
"method": "global",
"reason": "At least one deterministic research signal triggered"
}
][]
[
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:120",
"protocolId": "6579",
"metric": "tvl_usd",
"period": "point_in_time",
"observedAt": "2026-09-22T21:51:30.762Z",
"value": 349076692.2333658,
"unit": "USD",
"definition": "DeFiLlama protocol TVL at collection time",
"sourceUrl": "https://api.llama.fi/protocols",
"methodology": null
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:10667",
"protocolId": "6579",
"metric": "fees_usd",
"period": "24h",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 16561,
"unit": "USD",
"definition": "All fees paid by users for either borrowing (borrow fees + restaker fees) or minting (insurance fund fees).",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"UserFees": "Interest paid by borrowers",
"Fees": "All fees paid by users for either borrowing (borrow fees + restaker fees) or minting (insurance fund fees).",
"Revenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"ProtocolRevenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"SupplySideRevenue": "Borrow fees distributed to stakers and restaker fees are distributed to delegators."
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:10668",
"protocolId": "6579",
"metric": "fees_usd",
"period": "7d",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 103207,
"unit": "USD",
"definition": "All fees paid by users for either borrowing (borrow fees + restaker fees) or minting (insurance fund fees).",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"UserFees": "Interest paid by borrowers",
"Fees": "All fees paid by users for either borrowing (borrow fees + restaker fees) or minting (insurance fund fees).",
"Revenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"ProtocolRevenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"SupplySideRevenue": "Borrow fees distributed to stakers and restaker fees are distributed to delegators."
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:10669",
"protocolId": "6579",
"metric": "fees_usd",
"period": "30d",
"observedAt": "2026-09-22T21:51:32.324Z",
"value": 492541,
"unit": "USD",
"definition": "All fees paid by users for either borrowing (borrow fees + restaker fees) or minting (insurance fund fees).",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"UserFees": "Interest paid by borrowers",
"Fees": "All fees paid by users for either borrowing (borrow fees + restaker fees) or minting (insurance fund fees).",
"Revenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"ProtocolRevenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"SupplySideRevenue": "Borrow fees distributed to stakers and restaker fees are distributed to delegators."
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:17429",
"protocolId": "6579",
"metric": "revenue_usd",
"period": "24h",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 15.35,
"unit": "USD",
"definition": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"UserFees": "Interest paid by borrowers",
"Fees": "All fees paid by users for either borrowing (borrow fees + restaker fees) or minting (insurance fund fees).",
"Revenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"ProtocolRevenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"SupplySideRevenue": "Borrow fees distributed to stakers and restaker fees are distributed to delegators."
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:17430",
"protocolId": "6579",
"metric": "revenue_usd",
"period": "7d",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 83.53999999999999,
"unit": "USD",
"definition": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"UserFees": "Interest paid by borrowers",
"Fees": "All fees paid by users for either borrowing (borrow fees + restaker fees) or minting (insurance fund fees).",
"Revenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"ProtocolRevenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"SupplySideRevenue": "Borrow fees distributed to stakers and restaker fees are distributed to delegators."
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:17431",
"protocolId": "6579",
"metric": "revenue_usd",
"period": "30d",
"observedAt": "2026-09-22T21:51:34.223Z",
"value": 470.8,
"unit": "USD",
"definition": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
"methodology": {
"UserFees": "Interest paid by borrowers",
"Fees": "All fees paid by users for either borrowing (borrow fees + restaker fees) or minting (insurance fund fees).",
"Revenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"ProtocolRevenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"SupplySideRevenue": "Borrow fees distributed to stakers and restaker fees are distributed to delegators."
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:22255",
"protocolId": "6579",
"metric": "holders_revenue_usd",
"period": "24h",
"observedAt": "2026-09-22T21:51:36.166Z",
"value": 0,
"unit": "USD",
"definition": "DeFiLlama holders_revenue_usd; definition is protocol-adapter specific and was not supplied",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
"methodology": {
"UserFees": "Interest paid by borrowers",
"Fees": "All fees paid by users for either borrowing (borrow fees + restaker fees) or minting (insurance fund fees).",
"Revenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"ProtocolRevenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"SupplySideRevenue": "Borrow fees distributed to stakers and restaker fees are distributed to delegators."
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:22256",
"protocolId": "6579",
"metric": "holders_revenue_usd",
"period": "7d",
"observedAt": "2026-09-22T21:51:36.166Z",
"value": 0,
"unit": "USD",
"definition": "DeFiLlama holders_revenue_usd; definition is protocol-adapter specific and was not supplied",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
"methodology": {
"UserFees": "Interest paid by borrowers",
"Fees": "All fees paid by users for either borrowing (borrow fees + restaker fees) or minting (insurance fund fees).",
"Revenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"ProtocolRevenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"SupplySideRevenue": "Borrow fees distributed to stakers and restaker fees are distributed to delegators."
}
},
{
"id": "28ba3c2c-c546-48fa-b174-122aa3718807:22257",
"protocolId": "6579",
"metric": "holders_revenue_usd",
"period": "30d",
"observedAt": "2026-09-22T21:51:36.166Z",
"value": 0,
"unit": "USD",
"definition": "DeFiLlama holders_revenue_usd; definition is protocol-adapter specific and was not supplied",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
"methodology": {
"UserFees": "Interest paid by borrowers",
"Fees": "All fees paid by users for either borrowing (borrow fees + restaker fees) or minting (insurance fund fees).",
"Revenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"ProtocolRevenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"SupplySideRevenue": "Borrow fees distributed to stakers and restaker fees are distributed to delegators."
}
},
{
"id": "643a86d5-0f73-414c-92e0-793343ff7d6c:123",
"protocolId": "6579",
"metric": "tvl_usd",
"period": "point_in_time",
"observedAt": "2026-09-24T00:45:17.400Z",
"value": 339238252.8640787,
"unit": "USD",
"definition": "DeFiLlama protocol TVL at collection time",
"sourceUrl": "https://api.llama.fi/protocols",
"methodology": null
},
{
"id": "643a86d5-0f73-414c-92e0-793343ff7d6c:10673",
"protocolId": "6579",
"metric": "fees_usd",
"period": "24h",
"observedAt": "2026-09-24T00:45:20.664Z",
"value": 15919,
"unit": "USD",
"definition": "All fees paid by users for either borrowing (borrow fees + restaker fees) or minting (insurance fund fees).",
"sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
"methodology": {
"UserFees": "Interest paid by borrowers",
"Fees": "All fees paid by users for either borrowing (borrow fees + restaker fees) or minting (insurance fund fees).",
"Revenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"ProtocolRevenue": "Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.",
"SupplySideRevenue": "Borrow fees distributed to stakers and restaker fees are distributed to delegators."
}
},
{
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