{"data":{"index_slug":"stability","methodology_version":"v2","active_parameter_version":2,"effective_at":"2026-05-11T16:55:57.363121Z","theme_description":"Global conflicts de-escalate, pandemic shocks do not materialize, and geopolitical systems stabilize.\n","universe_rules":{"theme_id":"stability","include_topics":["pandemic","ceasefire","peace talks","peace deal","peace treaty","treaty","de-escalation","invasion","invade","strike","military clash","normal shipping","airspace reopened","airspace reopen","shipping reopen","border reopen","nuclear deal","civil war","trade deal","sanctions","sanctions relief","blockade","coup","airspace closes","trade disruption","warships","warship","capture","re-enter","peace referendum","not to join NATO"],"exclude_topics":["celebrity markets","purely domestic partisan politics","presidential","nomination","nominee","candidate","nobel peace prize","truth social","tweet","tweets","posts","ambiguous resolution","duplicate low-liquidity ladders","mention"],"classification_thresholds":{"min_theme_purity_score":7,"min_classification_confidence":2,"require_entity_match":false},"positive_exposure_definition":"Positions that pay when conflicts de-escalate, trade/security conditions normalize, pandemic shocks do not materialize or fade, or military and political instability subsides.\n","negative_exposure_definition":"Positions that pay when conflict continues, military escalation happens, trade routes are disrupted, pandemics are declared, or political/security systems destabilize.\n","parent_clusters":["russia_ukraine_war","china_taiwan","israel_iran","gaza_israel_hamas","red_sea_hormuz","nato_major_power_escalation","sudan_civil_war","trade_normalization","regime_instability","public_health_shock"],"tradability_checks":{"exclude_closed_markets":true,"exclude_archived_markets":true,"exclude_restricted_markets":true,"require_accepting_orders":false},"manual_review":{"review_before_inclusion":true,"sensitive_market_review":true,"re_review_triggers":{"question_change":true,"outcome_change":true,"token_change":true,"classification_change":true,"capacity_increase":0.5,"capacity_decrease":0.5,"spread_change":0.2,"expiry_change_days":7},"capacity_change_thresholds":{"increase_pct":0.5,"decrease_pct":0.5},"spread_change_threshold_pct":0.2,"expiry_change_days":7}},"discovery_summary":{"ranking_formula":"theme_purity_score desc, liquidity_depth desc, volume_24h desc","keyword_search":{"configured_query_count":22,"max_search_queries":20,"limit_per_type":20,"sample_queries":["pandemic","invade","invasion","US invade","U.S. invade","military clash","x military clash","ceasefire"]},"liquidity_gates":{"min_liquidity_depth":100,"min_volume_24h":50}},"weighting_rules":{"raw_weight_formula":"execution_capacity / total_execution_capacity","final_weight_formula":"execution_capacity / total_execution_capacity","cluster_usage":"descriptive_only","constituent_count":{"min":1,"preferred":25,"max":50}},"capacity_formula":"max(liquidity_clob, depth_bid_5c, depth_ask_5c, 0)","caps":{"single_market_cap":null,"cluster_cap":null,"expiry_bucket_cap":null,"low_liquidity_bucket_cap":null,"status":"disabled"},"degraded_run_policy":{"allow_degraded_runs":true,"max_missing_price_pct":0.2,"max_missing_capacity_pct":0.5},"gauge_rules":{"formula":"100 * sum(final_weight * selected_outcome_price)","publish_price_band":{"min":0.002,"max":0.997},"interpretation":"The gauge is a weighted average of the selected stability-outcome prices in the current basket. Lower prices mean markets imply less stability; higher prices mean markets imply more stability.","quality_metadata":"Liquidity, volume, open interest, bid/ask spread, constituent count, and warnings are exposed as context and are not blended into the gauge value.","fund_level_relationship":"The index level is path-dependent fund-tracker math; the gauge is spot pricing of the current outcome basket."},"change_history_url":"/api/v1/indexes/stability/changes"},"meta":{}}