The Dislocation Board is a live readout of every tokenized stock we track, ranked by how far it has drifted from fair value. Here is how to read it.
The columns
- Symbol — the tokenized stock. Click through for its full page and history.
- vs oracle — the structural premium in bps: pool price versus the Chainlink oracle. Positive is rich, negative is cheap. Remember the oracle freezes outside market hours.
- vs 24/7 perp — the tradable premium: pool price versus a live equity perp. This is the number that tells you whether a dislocation is actionable right now.
- Pool / Oracle — the raw prices behind the premium.
- Spread — the pool’s own bid-ask width in bps. A dislocation smaller than the spread is not real; it is the cost of crossing the pool.
How to read it
- Start with magnitude. The board sorts by the absolute premium, so the biggest dislocations are at the top.
- Check the sign. Rich (warm) means the token is expensive on-chain; cheap (cool) means it lags the stock.
- Compare the two premiums. If the oracle and perp columns agree, the dislocation is robust. If they disagree, trust the perp — it is the live reference.
- Sanity-check the spread. If the premium is not comfortably larger than the spread, there is nothing there.
When markets are closed, the board flags it: the oracle column becomes structural (measured against a frozen reference), and the perp column is the one to watch.