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Natural Gas

$NG
Quoted in USDC · one coin = one MMBtuMintDLMM poolPeg state
$2.91Feed price · 47h ago
Pool price (active bin)$2.91 -0.01%
Bid bin$2.91 · #-11681
Ask bin$2.91 · #-11680
Active bin#-11681 · step 5 bp
Ask inventory732.7984 NG
Bid inventory193.6 USDC
Pool reserves746.8562 NG · 193.82 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 NG 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 688.71 NG; the keeper refills the ask when it falls under 50% of it.

You pay
USDC

The peg holds 732.7984 NG to sell and 193.6 USDC to buy back. Pool on Solscan