What RWA Screener covers
RWA Screener is a read-only market and risk terminal for tokenized US equities. It groups onchain wrappers under their underlying stock or ETF, then combines accounting-normalized value, liquidity, execution, collateral, market structure, event, and provenance data.
The current product is deliberately narrower than the RWA category as a whole. It focuses on tokenized US equities, beginning with xStocks and Ondo instruments and Solana-first DeFi venues.
Economic-value normalization
Raw wrapper prices are not directly comparable. xStocks uses a rebasing multiplier for corporate actions, while Ondo uses total-return-value accounting. RWA Screener applies the relevant accounting model before calculating a spread, premium, chart, dislocation, or alert.
A visible raw-price difference is therefore not evidence of an arbitrage. The adjusted economic value is the correctness boundary used for cross-wrapper comparisons.
Indicative prices and executable liquidity
A quoted price is not a fill. RWA Screener keeps reference prices, provider NAV, pool liquidity, and executable routes distinct. Size-stated route estimates include output and price impact so thin liquidity is not mistaken for usable depth.
Execution estimates are time-sensitive and venue-specific. They describe the observed route at the recorded time and do not guarantee execution.
The liquidity hierarchy runs from the canonical equity to its xStocks or Ondo wrapper, then to a venue, and finally to an individual pool. Jupiter is an aggregator, Raydium exposes CLMM, CPMM, and AMM pools, Orca exposes Whirlpools, and Kraken is an order book. These venues are compared together while their market structure remains explicit.
Collateral fragility
Collateral views combine protocol parameters with event and liquidity context. Gap stress asks whether a parameterized underlying move would cross a liquidation threshold. Liquidation absorption compares exposed collateral with observed executable depth as a fragility indicator.
These are descriptive stress measures, not liquidation-routing simulations or personalized position recommendations.
Sources, timestamps, and staleness
Material values should be read with their source, market status, and timestamp. Reference prices, token snapshots, pool observations, venue routes, collateral parameters, and news can update on different schedules and can become stale independently.
Historical reference data is displayed only from sources documented as licensed for that use. News ingestion is limited to titles, short snippets, approved feed metadata, and publisher links rather than full article bodies.
Product boundaries
RWA Screener does not custody assets, connect a wallet, execute trades, or provide personalized investment advice. AI explanations are bounded by the product's evidence snapshot and must cite supplied sources for current claims.
Multiplier changes are not automated. Corporate-action updates require human verification before canonical values are changed.
Glossary
- Accounting-normalized value
- A wrapper's economic value after applying its multiplier or total-return-value model.
- Provider NAV
- The per-token economic value reported or derived for an issuer wrapper.
- Executable depth
- A size-stated route estimate that includes expected output and price impact.
- Pool TVL
- Capital reported in an observed liquidity pool. It is not a promise that the same amount can be executed at the current price.
- Reference price
- A timestamped price for the underlying equity from the configured market-data source.
- Liquidation absorption
- A fragility ratio comparing collateral exposure with observed executable liquidity.
- Stale
- Older than the freshness threshold appropriate to that data source or market state.
Common questions
Does RWA Screener cover every real-world asset?
No. Current coverage is intentionally focused on tokenized US stocks and ETFs.
Why can two wrappers of the same stock show different raw prices?
Their corporate-action accounting can differ. Compare accounting-normalized economic value, not raw token prices.
Is a displayed quote executable?
Not necessarily. Use the size-stated execution route and price-impact data, and treat it as an estimate rather than a guaranteed fill.
Does RWA Screener provide investment advice?
No. It is a read-only analytics and monitoring product.