CMECommodity Market Exchange
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Palladium

$XPD
Quoted in USDC · one coin = one ozMintDLMM poolPeg state
$1,319.50Feed price · 47h ago
Pool price (active bin)$1,319.08 -0.03%
Bid bin$1,319.08 · #554
Ask bin$1,319.73 · #555
Active bin#554 · step 5 bp
Ask inventory1.5364 XPD
Bid inventory120 USDC
Pool reserves1.5364 XPD · 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 XPD 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 1.54 XPD; the keeper refills the ask when it falls under 50% of it.

You pay
USDC

The peg holds 1.5364 XPD to sell and 120 USDC to buy back. Pool on Solscan