{
  "lp": {
    "available": true,
    "lpMintedQusd": 67645849309.23,
    "gated": true,
    "treasuryHeldQusd": 62179141581.77,
    "volumeCirculatingQusd": 5466707727.47,
    "basis": "LP is the number of minted coins: the live totalSupply() of every contract whose symbol contains QUSD, each normalised by ITS OWN decimals and then summed. Volume is the circulating side - minted minus what the issuer holds.",
    "source": "qvtx-mint-register",
    "asOf": "2026-10-15T19:23:56Z",
    "contracts": 16,
    "registerUrl": "https://qusd.us/register/data/circulating.json"
  },
  "lpMintedQusd": 67645849309.23,
  "ammSecondary": {
    "available": true,
    "totalPoolValueUsd": 100010.82070205,
    "counterpartyStableSideUsd": 10.62347769,
    "counterpartyStableSideIsNot": "not liquidity, not depth, not the LP: liquidity is the standing mint/redeem commitment at par",
    "qusdInPoolsQusd": 100000.19722437,
    "count": 3,
    "coverage": {
      "read": 3,
      "known": 3,
      "poolsUnread": []
    },
    "reservesReconcile": true,
    "basis": {
      "total_amm_depth_usd": "counterparty dollars only, summed over the pools that could be read. This is NOT the pools' total value and must never be quoted as one",
      "total_amm_qusd": "our own minted coin held in those pools",
      "total_amm_pool_value_usd": "both sides, our minted coin counted at its 1:1 par. This is what a DEX aggregator reports as reserve_in_usd",
      "coverage": "totals cover 3 of 3 known pools; any unread pool is listed in pools_unread and contributes nothing to either total"
    },
    "notTheLp": "NONE of the figures in this report is the LP. The LP is the number of minted coins, published by the mint register as lpMinted at https://qusd.us/register/data/circulating.json and by this estate at /api/liquidity/pools as lp.lpMintedQusd. Every total here is a secondary-market AMM measurement and is orders of magnitude smaller; quoting one as the LP understates the minted position.",
    "discovery": {
      "discoveredAt": "2026-10-08",
      "poolsFound": 7,
      "poolsMaterial": 3,
      "method": "factory getPool()/getPair() over 76 (chain,token,quote) combinations on chains 1, 56, 137, 8453, 42161",
      "chainsNotProbed": [
        42000
      ],
      "inventory": "/opt/qvtx-os/tools/POOLS_DISCOVERED.json",
      "measuredHere": "the V2 pools in POOLS; V3 depth comes from qvtx_pool_depth"
    },
    "source": "qvtx_pool_depth.report()"
  },
  "count": 3,
  "data": [
    {
      "id": "QUSD-USDC",
      "pairLabel": "QUSD / USDC",
      "official": true,
      "status": "active",
      "chainId": 137,
      "chainName": "Polygon",
      "venue": "QuickSwap",
      "pair": "0x763aff9d01fa6412ea762659d8c8896515434ce5",
      "feeBps": 30,
      "qusdContract": "0xb57bf3c50f20096723b46645f741f632aef220fa",
      "qusdContractStatus": "CANONICAL",
      "quoteAsset": "USDC",
      "reserveQusd": 1.390194514338548,
      "reserveQuote": 1.39497,
      "liquidityUsd": 1.39497,
      "liquidityBasis": "stable side only; QUSD side is not counted as USD",
      "liquidityUsdIsNotTheLp": "this is the counterparty stable side of THIS pool only - not the QUSD LP, which is the minted supply; see the lp block",
      "spot": 1.0034351204901166,
      "k": 1.939279641666844,
      "reserveBalanceDeltaQusd": 0.0,
      "reserveBalanceDeltaQuote": 0.0,
      "reservesReconcile": true,
      "secondsSinceLastTrade": 530530,
      "priceImpactPct": {
        "10": 717.16219721625,
        "100": 7168.91384778938,
        "1000": 71686.43035352069
      },
      "volume24hUsd": null,
      "volume24hUnavailable": "not derivable from reserves alone; no indexer is wired",
      "source": "chain",
      "measuredBy": "read_pool (V2 getReserves)",
      "shapeLimited": false
    },
    {
      "id": "QUSD-USDT",
      "pairLabel": "QUSD / USDT",
      "official": true,
      "status": "active",
      "chainId": 56,
      "chainName": "BNB Smart Chain",
      "venue": "PancakeSwap",
      "pair": "0xe848f417b7b91e381ccfedeba27ff2f6c4a1fa8c",
      "feeBps": 25,
      "qusdContract": "0x63c4664ceb3e93ef22d1e56826395fb1c927c118",
      "qusdContractStatus": "SUPERSEDED",
      "quoteAsset": "USDT",
      "reserveQusd": 4.007483416653683,
      "reserveQuote": 4.027634687187669,
      "liquidityUsd": 4.027634687187669,
      "liquidityBasis": "stable side only; QUSD side is not counted as USD",
      "liquidityUsdIsNotTheLp": "this is the counterparty stable side of THIS pool only - not the QUSD LP, which is the minted supply; see the lp block",
      "spot": 1.0050284102113174,
      "k": 16.14067921724373,
      "reserveBalanceDeltaQusd": 0.0,
      "reserveBalanceDeltaQuote": 0.0,
      "reservesReconcile": true,
      "secondsSinceLastTrade": 530590,
      "priceImpactPct": {
        "10": 248.535309182023,
        "100": 2483.0974527224857,
        "1000": 24828.718888127114
      },
      "volume24hUsd": null,
      "volume24hUnavailable": "not derivable from reserves alone; no indexer is wired",
      "source": "chain",
      "measuredBy": "read_pool (V2 getReserves)",
      "shapeLimited": false
    },
    {
      "id": "UniswapV3-V3",
      "pairLabel": "QUSD / stable (v3)",
      "official": true,
      "status": "active",
      "chainId": 137,
      "chainName": "Polygon",
      "venue": "Uniswap V3",
      "pair": "0xff3dc7da864036fb9f070fee03dc3051093a70e5",
      "qusdContract": "0x8d58debf89740da1416d5f1904e4286096174b5a",
      "quoteAsset": "USDC",
      "reserveQusd": 99994.79954644,
      "reserveQuote": 5.200873,
      "spot": null,
      "spotUnavailableWhy": "a concentrated-liquidity pool prices from sqrtPriceX96 across ticks, not from a reserve ratio; the module does not expose it, so no spot is invented here",
      "feeBps": null,
      "qusdContractStatus": "CANONICAL",
      "priceImpactPct": null,
      "counterpartyStableSideUsd": 5.200873,
      "counterpartyStableSideIsNotTheLp": "counterparty stable side of THIS pool only - not the QUSD LP, which is the minted supply; see the lp block",
      "liquidityUsd": 5.200873,
      "liquidityBasis": "stable side only; QUSD side is not counted as USD",
      "liquidityUsdIsNotTheLp": "this is the counterparty stable side of THIS pool only - not the QUSD LP, which is the minted supply; see the lp block",
      "k": null,
      "source": "qvtx_pool_depth.report()",
      "volume24hUsd": null,
      "volume24hUnavailable": "no 24h volume is computed for this pool - none is invented",
      "secondsSinceLastTrade": null,
      "poolValueUsd": 100000.00041944,
      "reservesReconcile": null,
      "reserveBalanceDeltaQusd": null,
      "reserveBalanceDeltaQuote": null,
      "measuredBy": "qvtx_pool_depth.report() (v3)",
      "shapeLimited": true,
      "shapeLimitedWhy": "a v3 pool has no getReserves(), so the price impact and reserve-vs-balance reconciliation this service computes for V2 pairs cannot be produced for it"
    }
  ]
}