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synternet.insights.cbbtc.discrepancy (cbBTC discrepancy)

In Insights by Synternet

3 user(s)

4 SYNT

Documentation

  "endpoint": "synternet.insights.cbbtc.discrepancy",
  "description": "Stream real-time discrepancy updates between cbBTC supply and BTC custodial reserves across all networks",
  "payload": {},
  "response": {
    "type": "object",
    "properties": {
      "timestamp": {
        "type": "string",
        "format": "date-time",
        "description": "Timestamp when the discrepancy was calculated"
      },
      "asset_name": {
        "type": "string",
        "description": "Name of the asset (cbBTC)",
        "example": "CBBTC"
      },
      "btc_diff": {
        "type": "number",
        "format": "decimal",
        "description": "Difference between total BTC in custodial wallets and total cbBTC supply"
      },
      "btc_diff_percentage": {
        "type": "number",
        "format": "decimal",
        "description": "Percentage difference relative to total BTC custodial balance"
      }
    }
  },

  "examples": {
    "stream_update": {
      "description": "Example of a discrepancy stream update",
      "response": {
        "timestamp": "2024-03-26T12:34:56Z",
        "asset_name": "CBBTC",
        "btc_diff": 23.25,
        "btc_diff_percentage": 4.88
      }
    }
  },

  "notes": [
    "Provides real-time monitoring of the difference between BTC reserves and CBBTC supply",
    "Positive discrepancy indicates excess BTC in custodial wallets",
    "Negative discrepancy indicates insufficient BTC backing",
    "Percentage is calculated as (btc_diff / total_btc_supply) * 100",
    "Updates are pushed whenever monitoring data changes",
    "No subscription parameters are required",
    "All BTC amounts use 8 decimal precision"
  ],

  "update_frequency": "Updates sent every 15 minutes with monitoring data refresh"
}