How a refusal looks
A venue can say no for unrelated reasons, and collapsing them into one red banner is how a market lies to somebody. Each one below keeps its own words, its own reason code, and its own evidence.
No figure
- Attributable backing
- Not attested
- Outstanding
- $10.00
10.00 notes at $1.00, read from the note
UnprovenThe last attestation has expired. An expired attestation is not evidence, so there is no figure.
AttestationExpired
PLIM-B as CoverageOracle reads it now: its last live attestation read 140.00% at 05:28:38 UTC and expired at 05:33:30 UTC, so there is no figure until the next one.
The note refused a counterparty
On chain. A transfer of PLIM-A reached a counterparty on the note's block list and the note reverted it. This is a compliance denial: it says nothing about coverage, and it is not the coverage circuit breaker.
- ResultCONTRACT_REVERT_EXECUTED
- ErrorAccountIsBlocked(0x5da9…7f38)The error is declared with no arguments, and the revert appends the address it refused.
- TransactionOpen on HashScan
The oracle refused a replayed attestation
On chain. A real signed attestation of PLIM-B was accepted, and the same attestation sent again two seconds later was reverted. The oracle only takes an attestation newer than the last one it counted. This is not a compliance denial and not a coverage finding: it is the oracle declining evidence it already holds.
- ResultCONTRACT_REVERT_EXECUTED
- ErrorStaleAttestation(provided, floor)Both are 05:28:30 UTC: the attestation offered was no newer than the one already accepted.
- TransactionOpen on HashScan
- The originalAccepted 05:28:38 UTC
The backing came up short
A finding about the note: the position is real and it is under the line. It always carries a figure, because the figure is the finding — and it names both amounts, since $1 against $1,000,000 and an empty wallet both round to 0.00%.
- Reasoncoverage_below_floor
- Record 26PLIM-A · 0.00%$1.000000 against $1,000,000.00, refused live from the note’s real position on Base, and not charged. The negative control, doing its job.
We could not prove it either way
A statement about our own evidence, not about the note. It never carries a figure, whether the true position is high or low — a number here would be a guess wearing a signature.
- Reasonssource_unavailableAlso stale data, an unresolved vault, sources that disagree, and on chain an expired or missing attestation.
- Both notes, read 2026-09-13 10:02 UTCThis oneThe oracle reads PLIM-B as AttestationExpired, because its live attestation has lapsed, and PLIM-A as NoAttestation, because the attestor refused it rather than attest it. Neither carries a figure.
- Record 19NOTE-INDIARefused with no figure at all, and not charged.
A refusal that costs nothing
The attestation service is paid per answer, and it charges only for an answer it can stand behind. A refusal returns before settlement is ever called, so the buyer's signed transfer is never submitted. The proof of a refusal is a transaction that does not exist, and the mirror node is what lets a stranger check that an absence is really an absence.
- Record 25 · PLIM-B · liveCharged onceCharged once, for a live reading of the registered vaults: the first attestation of this note’s real backing.
- Record 26 · PLIM-A · liveNot chargedNo transfer exists. A live 0.00% that is not an empty wallet: the amounts are the finding.
- Record 22 · PLIM-BCharged onceCharged once, and the charge is real. The backing it was charged for is not.
- Record 23 · PLIM-ANot chargedNo transfer exists. The shape of the finding, on fixture backing.
- Record 24 · NOTE-INDIANot chargedNo transfer exists, and no figure was ever computed to refuse against.
- Record 17 · NOTE-ALPHACharged onceThe charge is one transfer, and it is on the ledger.
- Record 18 · NOTE-BRAVONot chargedNo transfer exists. The payment was authorised and never submitted.
- Record 19 · NOTE-INDIANot chargedNo transfer exists, and no figure was ever computed to refuse against.