Understand the peg
Compare USD stablecoins with their dollar reference. Normalize EURC against the euro’s USD value, so currency movement is not mistaken for a premium.
MEET ARTEMIS & HERMES · ON BASE
Stack cbBTC.
Stack stablecoins.
Two accumulation concepts. One transparent research desk. Meet Hermes for stablecoins and Artemis for BTC—and see the evidence behind the ideas.
Information is open. Trading is not. No wallet connection, deposits or strategy execution on this page. Accumulation is a design goal—not guaranteed returns. cbBTC is a tokenized BTC asset, and stablecoins carry peg and issuer risks.
01
HERMES / STABLE ACCUMULATOR
More stables, measured after costs.
When stablecoins move off peg, investigate whether a complete conversion cycle could increase the target stablecoin balance. A discount alone is not an opportunity: backing, liquidity, costs and the exit all matter.
Check the full route
Compare size-specific quotes, liquidity and costs. An attractive entry does not guarantee that a later exit will be available.
Count target units
Evaluate the stablecoin balance after the entire cycle and its costs. Peg recovery is uncertain; extra units of a distressed asset are not automatically a gain.
SHARED · PEG & ROUTE RESEARCH
Does a stablecoin premium survive the route into USDC or cbBTC?
Loading saved research…
Published observations refresh every 30 seconds while this page is open. No wallet connection or trades. EURC includes FX exposure; cbBTC is a separate research comparison, an Artemis comparison, not the Hermes stable-only core.
basis points
Paper candidate requires +30 bps after modeled costsEURC / USDCStable conversion lane
——Inspect pool ↗EURC / cbBTCArtemis route comparison
——Inspect pool ↗NORMALIZED PEG HISTORY
USDC, EURC and bridged USDT above or below peg
All three assets share a basis-point axis: USDC and bridged USDT versus $1; EURC versus €1 translated through EUR/USD. Line density reflects evidence cadence—not trading volume.
USDC / $1EURC / €1Bridged USDT / $1Peg · 0 bpsPaper thresholdCOLLECTING
—Hover or tap for exact values—
Highest observed premium——
Deepest observed discount——
At/above browser threshold—Observed points, not proven trades
Selected-range evidence—Hourly closes + live $100 quotes
The chart displays normalized peg deviation, not raw EUR/USD movement. Hourly historical closes establish gross evidence; live EURC and USDT points use recorded $100 executable quotes before gas. Intentional line gaps mark periods without comparable evidence. Crossing a line identifies a measurement for review—not guaranteed profit.
Seven-day gross evidenceCOLLECTING
EURC close ≥ +30 bps—
USDC close ≥ +30 bps—
Intrahour premium wicks—
Live net candidates—
Waiting for the evidence study.
Recorded Aerodrome quotesFEE · IMPACT · GAS MODELED
| Route | Size | Output | Gross | Gas | Net | State |
|---|---|---|---|---|---|---|
| Waiting for live quotes. | ||||||
Peg referenceChainlink EUR/USD + USDC/USD
Quote venueAerodrome Slipstream Quoter V2
Quote sizes$10 · $50 · $100 · $500
Inspect EUR/USD feed ↗
Historical candles prove gross deviations only. Live quotes subtract pool fee, price impact, estimated gas, and a 25% gas buffer; latency and inclusion are still unmeasured. No transaction can be signed or submitted.
03
ARTEMIS / BTC ACCUMULATOR
BTC-first. Deliberate, not impulsive.
Artemis explores paced BTC accumulation, with cbBTC as the Base research target. Measure BTC units acquired after costs alongside cash spent and downside exposure—not just a rising dollar balance.
Scheduled accumulation
Explore a fixed budget and purchase cadence, with clear spending and cost limits.
Dip-aware accumulation
Study bounded purchases at defined price conditions. A falling price can fall further.
Stable-premium opportunities
Investigate whether a stronger stablecoin could purchase more BTC after route costs. The reference screen below is only a starting point. Explore cbBTC round-trip quotes ↓
ARTEMIS · STABLE-PREMIUM SCREEN
When does stablecoin strength become a paper cbBTC signal?
One Artemis research input—not a purchase recommendation or proof of a BTC trade. Uses the same published Base observations as the shared research above.
basis points
Paper trigger at —
Observed reference historyCOLLECTING
—$1.000000 PEG—
This reference is not an executable USDC→cbBTC quote. No transaction can be signed or submitted from this dashboard.
MULTI-VENUE EXECUTION PROOF
Does a visible cbBTC spread survive a round trip?
Loading published quotes…
basis points
Highlights current quotes at +5 bpsLatest published cbBTC / USDC round tripsBUY · SELL · GAS · NET
| Buy | Sell | Size | Gross out | Gross | Gas | Net | State |
|---|---|---|---|---|---|---|---|
| Waiting for multi-venue quotes. | |||||||
Net-edge evidence historyCOLLECTING
0 bps = break-even after modeled costs
Aerodrome → UniswapUniswap → AerodromeBreak-even
Opportunity proofCOLLECTING
Best sampled net edge—
Candidate quote samples—
Longest sampled duration—
Recorded episodes—
Waiting for execution-quality evidence.
Candidate-only latency survival200MS · 1S · 2S · 10S
Triggered observations—
Measured checkpoints—
Surviving checkpoints—
Latency is measured only after an initial quote clears the monitor threshold.
PaircbBTC / native USDC
VenuesAerodrome Slipstream + Uniswap V3
Quote sizes$10 · $50 · $100 · $500 · $1,000
Inspect official deployments ↗
Quoter calls are simulations, not guaranteed fills. No wallet, signing, funding, or transaction submission is enabled.
CLD PASSPORT / THE NEXT CHAPTER
See the research. Help shape what comes next.
Public information
Explore the accumulator concepts, published observations, timestamps and research limitations. No wallet required.
Passport-holder strategies
CLD Passport holders are intended to be able to create and use personal Hermes and Artemis strategies. Eligibility checks, user controls and execution infrastructure are still in development.
Clear permissions & limits
Strategy access needs verified eligibility, explicit execution permissions, individual risk limits, testing and review. There is no launch date or promised return.
Passport ownership does not enable trading on this preview. Personal strategies and balances will not become public merely because the research is viewable.
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