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$CME0xe2324F…00e795How it worksExplorer
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Brent Crude

$BZ
Quoted in USDC · one coin = one bblMintDLMM poolPeg state
$103.87Feed price · 47h ago
Pool price (active bin)$103.84 -0.03%
Bid bin$103.84 · #-4531
Ask bin$103.89 · #-4530
Active bin#-4531 · step 5 bp
Ask inventory19.2883 BZ
Bid inventory120 USDC
Pool reserves19.2883 BZ · 120 USDC
Last reprice47h ago

How the peg works

cme_peg owns the mint authority and a two-bin DLMM position: the ask holds protocol-minted BZ in the first bin above the feed price, the bid holds the USDC the ask collected in the bin at or below it. Buying takes coin from the ask, selling returns it to the bid at the feed price less the bin step. Target inventory 19.29 BZ; the keeper refills the ask when it falls under 50% of it.

You pay
USDC

The peg holds 19.2883 BZ to sell and 120 USDC to buy back. Pool on Solscan