gradeNumeric rather than by NAV divergence, a manager who has declared no losses still appears at the top when the score says their book is distressed — the very scenario this service exists to surface.
Parameters
This endpoint takes no parameters.Request
Response
The Kestrel row is the case the whole system exists to catch:
lossUnrealized: "0", divergence zero, NAV reporting 0.210000 on both naive and correct readings — and two distressed loans behind it. gradeNumeric: 26 is the score’s memory of realised capital destruction, which no NAV reading carries. Meridian ranks below Kestrel despite a divergence of 1961 basis points because it declared its loss and holds cash against every remaining claim.Response Fields
string
ISO 8601 ledger close time. Not the server wall clock — two fields in the same response come from the same ledger.
number
The ledger sequence number this snapshot was read from.
array
All tracked facilities, sorted by
gradeNumeric ascending (worst first).trend is "stable" until the API has seen a vault at least twice during its current process lifetime, because the previous NAV is recorded only by the vault detail route. A consumer polling the list alone will see "stable" for every vault indefinitely. Poll /api/vaults/:vaultId for any facility where the trend direction matters.