RATCHET

Coverage board

floor / price, every launch

Coverage is the share of the current market price that is backed by WETH you could redeem right now. At 100 % the floor has caught the price and the downside is zero.

#TokenCoverageFloorReservesSupplyTick-ups
01PAWLPawl
98.1%
0.00000011970.119 WETH1,000,000 PAWL120
02TRDTread
74.2%
00 WETH250,000,000 TRD96
03RISERiser
51.3%
00 WETH42,000,000 RISE64
04DTNTDetent
30.9%
00 WETH8,888,888 DTNT40
05ESCEscapement
12.4%
00 WETH1,000,000,000 ESC18
06BACKBackstop
6.4%
0.00000031580.157 WETH500,000 BACK6

Reserves are read from the vault’s internal accounting, never from a token balance. Floor and coverage are computed by the same arithmetic the contracts use.