Gavel implied price floor

No current reading

Gavel implied price floor is derived from the Gavel curve, and no auction has settled on mainnet yet — so there is no reading to publish. It is computed and appears here automatically once the market produces the underlying data.

What it measures

Oracle-free BTC price floor implied by the credit surface boundary at each tenor.

Protocol-native signals derived from the canonical curve and credit surface fits.

How it is computed

For each tenor d, the minimum collateral price at which the lender accepted the loan defines the implied floor. The confidence-decay floor fit gives the smooth f(d) interpolation; the implied price floor is f evaluated at standard tenors.

Available windows: snapshot. Default: snapshot. The window is how far back the metric is computed over — "90d" means 90 days of history, not a 90-day instrument.

How to read it

At 30d this is the credit market's 1-month BTC price floor — distinct from spot. When it diverges sharply below spot, lenders are pricing aggressive drawdown risk. Convergence with spot signals confidence consensus.

Use it programmatically

This indicator is available over the REST API and to AI agents over the Model Context Protocol. The methodology above is the whole of it — there is no proprietary adjustment layer between the inputs and the number.