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Pharos

Documentation

Methodology and API references for Pharos. Every page is also served as plain markdown for agents.

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High-signal public docs

Durable reference pages for external integrations, flow methodology, and depeg detection.

API integrators

API Reference

Endpoint authentication, response contracts, cache headers, pagination, and public dataset export details.

Flow analysts

Mint Burn Flows

Mint and burn ingestion, pressure scoring, Bank Run Gauge inputs, reconciliation, and historical backfill policy.

Peg monitors

Depeg Detection

Two-stage depeg confirmation, peg-score inputs, severity bands, event lifecycle, and recovery handling.

Methodology

  • Classification

    Stablecoin classification methodology for peg currencies, backing models, governance labels, commodity pegs, lifecycle status, and taxonomy pages.

  • Stablecoin Listing Policy

    How Pharos admits, classifies, quarantines, delists, and preserves stablecoin records while separating catalog policy from runtime pricing failures.

  • Pricing Pipeline

    How Pharos computes stablecoin prices: source consensus, peg-aware validation, fallback enrichment, stale-data handling, and override policy.

  • Depeg Detection

    Depeg detection methodology covering two-stage confirmation, peg-score inputs, severity bands, event lifecycle, and recovery handling.

  • DEWS

    Depeg Early Warning System methodology: DEWS formula, stress sub-signals, bands, downgrade gates, and API response contract.

  • DEX Liquidity

    DEX Liquidity Score methodology for stablecoins: pool discovery, depth scoring, durability, pair diversity, cross-validation, and risk bands.

  • Pharos Stability Index

    Pharos Stability Index methodology explaining the PSI formula, active universe, stress bands, storage model, API surface, and replay rules.

  • Report Cards

    Stablecoin V9 report-card methodology for Backing, Exit, Economic Control, peg behavior, dependency exposure, evidence constraints, and portfolios.

  • Redemption Backstops

    Redemption Backstops methodology for standalone route scoring, redemption terms, V9 Exit evidence, operational disclosures, and stored review evidence.

  • Chain Health

    Chain Health Score methodology for stablecoin networks: supply concentration, venue health, deployment coverage, risk factors, and score bands.

  • Mint Burn Flows

    Mint and burn flow methodology covering issuance-chain ingestion, pressure scoring, Bank Run Gauge inputs, reconciliation, and backfills.

  • Yield Intelligence

    Yield Intelligence methodology for stablecoin APY resolution, Pharos Yield Score, source confidence, reward warnings, and risk-adjusted ranking.

  • PSI Historical Assets

    Off-catalog PSI historical assets: authoritative continuity, monitoring eligibility, public listing exclusions and unavailable source history.