> For the complete documentation index, see [llms.txt](https://docs.miragefi.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.miragefi.org/using-miragefi/trade-explorer.md).

# Trade explorer

The public window onto everything the venue does.

The trade explorer is the venue's public record: each fill, the live state of each market, every parameter and every change made to one, all rendered from chain events with a link back to each. No wallet is needed to load it, because nothing in it is anyone's private information. "Transparently on-chain" can be checked here, or it means nothing.

## Per market

| Panel          | Contents                                                                                                                          |
| -------------- | --------------------------------------------------------------------------------------------------------------------------------- |
| Live quote     | The current bid, ask and mid with the full breakdown, priced exactly as the router would price it now                             |
| Regime         | The current regime, the signals it is derived from (feed timestamp, stream market status), and how long it has been in that state |
| Inventory      | The vault mix relative to target and band; the direction and size of skew                                                         |
| Parameters     | Tier, spreads, clip, caps, band, each one read from `ParamController`                                                             |
| History        | Fills with their itemised breakdowns; spread revenue by regime; the halt log with reasons                                         |
| Listing record | Tier evidence, the bytecode review finding, the issuer disclosure, and proof-of-reserve status wherever a feed exists             |

## Venue-wide

* Volume, fill count and revenue broken down by market, by venue (vault or RFQ) and by regime.
* Total vault inventory exposed to Robinhood Assets (Jersey) Ltd, expressed as one number, per [Issuer risk](/risk/issuer.md).
* The [execution quality](/transparency/execution-quality.md) dataset: how far each fill sat from the oracle mid, aggregated and available for download.
* The governance log: every parameter proposal with its rationale, its timelock window and its execution, both past and pending.

## Every number is a citation

Every figure links to the event, transaction or contract read on Blockscout that produced it. Because the explorer runs on the open-source indexer, anyone can rerun it against any RPC and diff the result; any discrepancy between explorer and chain is a reportable bug, and the chain is authoritative.

## For auditors and integrators

All of the rendered data is available raw through the [API](/architecture/api.md) (`/v1/markets`, `/v1/fills`, `/v1/execution-quality`) and as CSV exports, including full per-position LP histories for account holders. Researchers are welcome to use the data; the venue's view is that an RWA market whose record cannot be reconstructed independently has no record at all.


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://docs.miragefi.org/using-miragefi/trade-explorer.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.
