Institutional Infrastructure Intelligence

The Augur Index — Structural risk classification for digital asset infrastructure

Halitherses provides independent, continuous assessment of crypto-native and tokenised real-world asset infrastructure. Our classification framework monitors leverage conditions, liquidity depth, funding rate dislocation, and issuance integrity on a continuous basis.

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Coverage

Crypto Infrastructure

Continuous monitoring of leverage intensity, funding rate conditions, stablecoin integrity, liquidity spread stress, and settlement fee stress across Bitcoin and Ethereum markets.

Tokenised Real-World Assets

Structural surveillance of on-chain fund vehicles including BlackRock BUIDL, Franklin Templeton FOBXX, Ondo OUSG and USDY, Backed bIB01, and Matrixdock STBT. Domains include NAV integrity, redemption queue depth, and liquidity pool conditions.

The Augur Index

A composite scalar score from 0–100 derived from domain deviation counts weighted by relative severity. Four classification states: Baseline, Watch, Elevated Monitoring, and Structural Dislocation.

Infrastructure Events

Auditable time-stamped record of all state transitions, verified by a cryptographic hash chain. Available for replay and historical analysis across all covered instruments.

Methodology

The Augur framework evaluates infrastructure risk across independent signal domains. Each domain aggregates raw data from on-chain and off-chain sources, normalises against a rolling historical baseline, and applies a persistence threshold before contributing to the composite index.

Classification is deterministic: given the same domain inputs, the same index value and state are produced. All parameters, weights, and thresholds are disclosed to licensed institutions.

Full methodology documentation is available to licensed institutional clients.