{"ticker":"SPCX","gradable":true,"score":9.4,"grade":"9.4","gradeWord":"MINT","band":"CHASE","inputs":{"poolDepthUsd":532235.15,"volatilityAnnualised":0.8808,"meanDailyDollarVolume":12933850229,"backingRatio":1},"components":{"liquidity":0.9087,"stability":0,"turnover":0.8412,"backing":1},"weights":{"liquidity":0.4,"stability":0.25,"turnover":0.2,"backing":0.15},"scale":{"depthFloor":1000,"depthCeiling":1000000,"volFloor":0.15,"volCeiling":0.75,"volumeFloor":10000000,"volumeCeiling":50000000000,"minScore":8,"maxScore":10},"formula":{"expression":"heat = 8 + 2 × (0.40·liquidity + 0.25·stability + 0.20·turnover + 0.15·backing)","terms":{"liquidity":"log10 position of pool USDG depth between $1,000 and $1,000,000","stability":"linear from 1 at 15% annualised volatility to 0 at 75%","turnover":"log10 position of mean daily dollar volume between $10M and $50B","backing":"vault Stock Tokens held ÷ certs outstanding, capped at 1"},"window":"30 trading days of daily closes","bands":{"GRAIL":">= 9.5","CHASE":">= 9.0","HIT":">= 8.5","BASE":"< 8.5"}}}