{
 "id": "ether-fi",
 "symbol": "ETHFI",
 "name": "Ether.fi",
 "archetype": "DeFi / Protocol",
 "archetype_reason": "category match: 'decentralized finance (defi)'",
 "contract": {
  "chain": "ethereum",
  "address": "0xfe0c30065b384f05761f15d0cc899d4f9f9cc0eb"
 },
 "price": {
  "price_usd": 0.410842,
  "ath_usd": 8.53,
  "ath_date": "2024-03-27T23:14:46.721Z",
  "market_cap": 380946429,
  "volume_24h": 33010773,
  "price_chg_30d_pct": 27.63926,
  "price_chg_60d_pct": -7.86285,
  "price_chg_200d_pct": -40.98357,
  "coingecko_url": "https://www.coingecko.com/en/coins/ether-fi"
 },
 "provenance": {
  "batch_date": "2026-07-14",
  "bagcheck_version": "0.17.1",
  "snapshot_id": "2026-07-14 v16",
  "label": "scored monthly \u00b7 batch of 2026-07-14"
 },
 "refused": false,
 "reclaim": {
  "severity": "SEVERE",
  "line": "Down 95% from ATH \u2014 reclaiming it needs 20.8\u00d7 from here. Historically ~3% of assets this deep reclaim ATH within 3y.",
  "drawdown_pct": 95.2,
  "reclaim_multiple": 20.8,
  "base_rate_label": "down 95%+",
  "base_rate": 0.03,
  "base_rate_provisional": true,
  "break_even_note": "Break-even to ATH needs 20.8\u00d7. (Pass --entry for break-even to your cost basis.)"
 },
 "structure": {
  "alive_score": 74.2,
  "aliveness": "WEAKENING",
  "aliveness_note": "Multiple systems weakening; the project is in decline.",
  "mechanical_aliveness": "STRAINED",
  "band_capped": true,
  "confidence": "MEDIUM",
  "confidence_detail": "measuring 5 of 6 factors (78% of the weight that matters for a DeFi / Protocol asset)"
 },
 "bottom_line": "Down 95%, aliveness reads WEAKENING. Being functional is not recovery \u2014 the reclaim base rate is ~3%.",
 "factors": [
  {
   "factor": "solvency",
   "label": "Structural solvency / liveness",
   "weight": 0.22,
   "status": "pending",
   "score": null,
   "detail": "",
   "note": "dev activity (wired); treasury runway, fees/revenue (v1)"
  },
  {
   "factor": "conviction",
   "label": "Holder conviction & overhead supply",
   "weight": 0.18,
   "status": "measured",
   "score": 67.7,
   "detail": "holders +658/30d (+0.6%, Bin 7/10 vs 278 DeFi / Protocol peers), concentration HHI 0.069 (Bin 8/10 vs 123 DeFi / Protocol peers) \u2014 holders are accumulating against the drawdown. [DeFi / Protocol bins, provisional]",
   "note": ""
  },
  {
   "factor": "liquidity",
   "label": "Liquidity / exitability",
   "weight": 0.18,
   "status": "measured",
   "score": 87.0,
   "detail": "$33,010,773/24h (Bin 10/10 vs 358 DeFi / Protocol peers), 8.67% turnover (Bin 8/10) \u2014 tradeable.",
   "note": ""
  },
  {
   "factor": "usage",
   "label": "Usage / demand",
   "weight": 0.2,
   "status": "measured",
   "score": 73.0,
   "detail": "279 active addresses/day (Bin 9/10 vs 113 DeFi / Protocol peers), 30d trend -8.3% (Bin 6/10 vs 72 DeFi / Protocol peers), data lagged 31d (provider tier) \u2014 usage is strong for its peer group. [DeFi / Protocol bins, provisional]",
   "note": ""
  },
  {
   "factor": "supply",
   "label": "Supply overhang & emissions",
   "weight": 0.12,
   "status": "measured",
   "score": 70.0,
   "detail": "93% of supply circulating (Bin 8/10 vs 360 DeFi / Protocol peers), FDV/MC 1.1x (Bin 7/10) \u2014 limited dilution risk.",
   "note": ""
  },
  {
   "factor": "strength",
   "label": "Relative strength / narrative",
   "weight": 0.1,
   "status": "measured",
   "score": 70.0,
   "detail": "30d +28% (Bin 10/10 vs 360 DeFi / Protocol peers), 200d -41% (Bin 5/10) \u2014 outperforming its peer group.",
   "note": ""
  }
 ],
 "warnings": [
  "Base rate is PROVISIONAL (placeholder, not yet calibrated). Directional only.",
  "Recent risk alert signal on the record (2026-07-08) \u2014 not reflected in the score; check before acting."
 ]
}