About this explorer

Vaults read straight from the chain — every value traceable, no modeled state.

The Vat's balance sheet decomposed by ilk — Vat.debt = Σ(Art × rate) + vice asserted live, with every ilk on the terms governance set for it.

Health factor, collateral ratio, rates read live from the protocol's contracts.
USD from the protocol's own oracle — the same prices it liquidates with, not a price-API approximation.
The protocol's own oracle read back at each event's block, what the position was worth when it happened, never today's price.
An offline verifier re-derives the explorer's figures directly from the chain via a second data path, and checks them against the indexed values and the constants the explorer states — run against mainnet when the explorer is built or changed, not a check that runs as the page renders.

MakerDAO Vaults