- What does the gauge measure?
- Net float change per day = monthly unlock − Assistance-Fund buyback run-rate − net staking sink. Negative = absorbing (supply soaked); positive = oversupplied (new float outrunning absorption).
- Why show a buffer next to the flow reading?
- On raw daily flow the amortized unlock is larger than the buyback, so flow alone reads oversupplied. The stock matters: the Assistance Fund holds ~4.6× a monthly unlock. The buffer (AF balance ÷ monthly unlock) is shown beside the flow so the headline isn't misleading.
- Where does the data come from?
- Buyback proxied from DeFiLlama fees × 0.99, staking sink from the Hyperliquid validator API, unlock from the known monthly schedule. Refreshed daily. Free sources only.