Add public /ho-liquidity dashboard and extend wallet liquidity stack.

Surfaces Fineract GL 13010 nostro cash, HO reserve coverage, aggregate nostro match, and PMM cash liquidity context with operations hub navigation.

Co-authored-by: Cursor <cursoragent@cursor.com>

frontend/src/components/common/HoBackingSummaryCard.tsx

@@ -50,7 +50,7 @@ export default function HoBackingSummaryCard({ market }: HoBackingSummaryCardPro
             </div>
           ) : null}
           <p className="text-xs text-gray-500 dark:text-gray-400">
-            Per-token supply vs 1.2× external nostro cash. Large c* supply can break while reserve economics remain sufficient.
+            Per-token supply vs 1.2× external nostro cash. Large c* supply can break while reserve economics remain sufficient. GL 2100 M1 book money is never cash-in-bank.
           </p>
         </div>
         <div className="space-y-2 text-sm text-gray-700 dark:text-gray-300">

frontend/src/components/explorer/HoLiquidityPage.tsx

@@ -0,0 +1,174 @@
+import Link from 'next/link'
+import EntityBadge from '@/components/common/EntityBadge'
+import { explorerFeaturePages } from '@/data/explorerOperations'
+import { formatUsdValue } from '@/utils/displayCurrency'
+import {
+  formatHoReserveCoverageLabel,
+  formatSupplyNostroMatchLabel,
+} from '@/utils/tokenMarket'
+import OperationsPageShell from './OperationsPageShell'
+
+export type HoLiquiditySnapshot = {
+  generatedAt: string
+  fineractConfigured: boolean
+  cashInBank?: {
+    cashInBankUsd?: number
+    externalNostroGlCode?: string
+    audit?: { status?: string }
+    supplyNostroMatch?: {
+      status?: string
+      multiplier?: number
+      totalSupplyUsd?: number
+      externalNostroCashUsd?: number
+      expectedSupplyUsd?: number
+    }
+  }
+  reserveCoverage?: {
+    status?: string
+    coverageRatio?: number
+    reserveAssetsUsd?: number
+    requiredReserveUsd?: number
+    issuedCStarUsd?: number
+    reserveAssetGlCodes?: string[]
+    multiplier?: number
+  }
+  aggregateSupplyNostroMatch?: {
+    status?: string
+    multiplier?: number
+  }
+  alerts?: Array<{ code: string; severity: string; message: string }>
+  tripleState?: { aligned?: boolean; breaksCount?: number; generatedAt?: string }
+  perTokenSamples?: {
+    cUSDC?: {
+      totalSupplyUsd?: number
+      supplyNostroMatch?: { status?: string }
+    }
+  }
+}
+
+type HoLiquidityPageProps = {
+  snapshot: HoLiquiditySnapshot | null
+  loadError?: string | null
+}
+
+function formatRatio(value: number | undefined): string {
+  if (value == null || !Number.isFinite(value)) return '—'
+  return `${value.toFixed(2)}×`
+}
+
+export default function HoLiquidityPage({ snapshot, loadError }: HoLiquidityPageProps) {
+  const page = explorerFeaturePages.hoLiquidity
+  const coverage = snapshot?.reserveCoverage
+  const nostro = snapshot?.cashInBank
+  const aggregateMatch = snapshot?.aggregateSupplyNostroMatch ?? nostro?.supplyNostroMatch
+  const cusdcSample = snapshot?.perTokenSamples?.cUSDC
+
+  return (
+    <OperationsPageShell page={page}>
+      {loadError ? (
+        <div className="mb-4 rounded-xl border border-amber-300 bg-amber-50 p-4 text-sm text-amber-900 dark:border-amber-700 dark:bg-amber-950/40 dark:text-amber-100">
+          {loadError}
+        </div>
+      ) : null}
+      {snapshot ? (
+        <div className="space-y-6">
+          <div className="flex flex-wrap items-center gap-3 text-sm text-gray-500 dark:text-gray-400">
+            <span>Fineract audit {new Date(snapshot.generatedAt).toLocaleString()}</span>
+            <EntityBadge
+              label={snapshot.fineractConfigured ? 'Fineract configured' : 'Fineract pending'}
+              tone={snapshot.fineractConfigured ? 'success' : 'warning'}
+            />
+            {(snapshot.alerts ?? []).length === 0 ? (
+              <EntityBadge label="No active alerts" tone="success" />
+            ) : (
+              <EntityBadge label={`${snapshot.alerts?.length ?? 0} alert(s)`} tone="warning" />
+            )}
+          </div>
+
+          <div className="grid gap-4 lg:grid-cols-3">
+            <section className="rounded-2xl border border-gray-200 bg-white p-5 dark:border-gray-700 dark:bg-gray-900/40">
+              <h2 className="text-sm font-semibold uppercase tracking-wide text-gray-500">Cash-in-bank</h2>
+              <p className="mt-2 text-2xl font-semibold text-gray-900 dark:text-white">
+                {formatUsdValue(nostro?.cashInBankUsd ?? 0)}
+              </p>
+              <p className="mt-2 text-sm text-gray-600 dark:text-gray-300">
+                HO GL {nostro?.externalNostroGlCode ?? '13010'} nostro (Dr) — external correspondent cash, not GL 2100 M1.
+              </p>
+              {aggregateMatch ? (
+                <div className="mt-3">
+                  <EntityBadge
+                    label={`Aggregate nostro match: ${formatSupplyNostroMatchLabel(aggregateMatch as never)}`}
+                    tone={aggregateMatch.status === 'matched' ? 'success' : aggregateMatch.status === 'break' ? 'warning' : 'neutral'}
+                  />
+                </div>
+              ) : null}
+            </section>
+
+            <section className="rounded-2xl border border-gray-200 bg-white p-5 dark:border-gray-700 dark:bg-gray-900/40">
+              <h2 className="text-sm font-semibold uppercase tracking-wide text-gray-500">Reserve coverage</h2>
+              <p className="mt-2 text-2xl font-semibold text-gray-900 dark:text-white">
+                {formatRatio(coverage?.coverageRatio)}
+              </p>
+              <p className="mt-2 text-sm text-gray-600 dark:text-gray-300">
+                {coverage ? formatHoReserveCoverageLabel(coverage as never) : 'Unavailable'}
+              </p>
+              {coverage ? (
+                <p className="mt-2 text-xs text-gray-500 dark:text-gray-400">
+                  Reserve assets {formatUsdValue(coverage.reserveAssetsUsd ?? 0)} · required{' '}
+                  {formatUsdValue(coverage.requiredReserveUsd ?? 0)} · issued c*{' '}
+                  {formatUsdValue(coverage.issuedCStarUsd ?? 0)}
+                </p>
+              ) : null}
+            </section>
+
+            <section className="rounded-2xl border border-gray-200 bg-white p-5 dark:border-gray-700 dark:bg-gray-900/40">
+              <h2 className="text-sm font-semibold uppercase tracking-wide text-gray-500">PMM cash liquidity</h2>
+              <p className="mt-2 text-sm text-gray-600 dark:text-gray-300">
+                On-chain spendable pool depth (~$13M cUSDC-side) is shown on wallet and token pages as <strong>Cash liq.</strong> — not full DEX TVL.
+              </p>
+              <Link href="/tokens/0xf22258f57794CC8E06237084b353Ab30fFfa640b" className="mt-3 inline-block text-sm text-blue-600 hover:underline dark:text-blue-400">
+                Open cUSDC token detail
+              </Link>
+            </section>
+          </div>
+
+          {cusdcSample ? (
+            <section className="rounded-2xl border border-gray-200 bg-gray-50 p-4 dark:border-gray-700 dark:bg-gray-900/40">
+              <h3 className="text-sm font-semibold text-gray-900 dark:text-white">cUSDC per-token nostro settlement</h3>
+              <p className="mt-2 text-sm text-gray-600 dark:text-gray-300">
+                Total supply {formatUsdValue(cusdcSample.totalSupplyUsd ?? 0)} · match{' '}
+                {cusdcSample.supplyNostroMatch?.status ?? 'pending'}
+              </p>
+              <p className="mt-1 text-xs text-gray-500 dark:text-gray-400">
+                Per-token break is expected at current supply until nostro is scaled; aggregate reserve coverage can still be sufficient.
+              </p>
+            </section>
+          ) : null}
+
+          {snapshot.tripleState ? (
+            <section className="rounded-2xl border border-gray-200 bg-gray-50 p-4 dark:border-gray-700 dark:bg-gray-900/40">
+              <h3 className="text-sm font-semibold text-gray-900 dark:text-white">Triple-state reconcile</h3>
+              <p className="mt-2 text-sm text-gray-600 dark:text-gray-300">
+                {snapshot.tripleState.aligned ? 'Aligned' : `${snapshot.tripleState.breaksCount ?? 0} break(s)`}
+                {snapshot.tripleState.generatedAt ? ` · ${new Date(snapshot.tripleState.generatedAt).toLocaleString()}` : ''}
+              </p>
+            </section>
+          ) : null}
+
+          {(snapshot.alerts ?? []).length > 0 ? (
+            <section className="rounded-2xl border border-gray-200 p-4 dark:border-gray-700">
+              <h3 className="text-sm font-semibold text-gray-900 dark:text-white">Alerts</h3>
+              <ul className="mt-2 space-y-2 text-sm text-gray-700 dark:text-gray-300">
+                {snapshot.alerts?.map((alert) => (
+                  <li key={alert.code}>
+                    <span className="font-medium">{alert.severity}</span> · {alert.code}: {alert.message}
+                  </li>
+                ))}
+              </ul>
+            </section>
+          ) : null}
+        </div>
+      ) : null}
+    </OperationsPageShell>
+  )
+}

frontend/src/components/wallet/TokenLiquidityStack.tsx

@@ -6,6 +6,7 @@ import {
   formatCashLiquidityLabel,
   formatHoLiquidityAuditFreshness,
   formatHoReserveCoverageLabel,
+  formatSupplyNostroMatchLabel,
   resolveDisplayedCashInBankUsd,
   resolveDisplayedCashLiquidityUsd,
 } from '@/utils/tokenMarket'
@@ -41,6 +42,11 @@ export default function TokenLiquidityStack({
           Reserve coverage {formatHoReserveCoverageLabel(coverage)}
         </div>
       ) : null}
+      {market.supplyNostroMatch ? (
+        <div className="text-[11px] opacity-80" title="Per-token supply vs 1.2× HO nostro cash (GL 13010). May break for large c* while aggregate reserve coverage remains sufficient.">
+          Nostro match {formatSupplyNostroMatchLabel(market.supplyNostroMatch)}
+        </div>
+      ) : null}
       <div className="text-[11px] opacity-80">{formatHoLiquidityAuditFreshness(market)}</div>
     </div>
   )

frontend/src/data/explorerOperations.ts

@@ -266,6 +266,12 @@ export const explorerFeaturePages = {
         href: '/routes',
         label: 'Open routes page',
       },
+      {
+        title: 'HO nostro & reserve',
+        description: 'Fineract GL 13010 cash-in-bank, reserve coverage, and PMM cash liquidity.',
+        href: '/ho-liquidity',
+        label: 'Open HO liquidity',
+      },
       {
         title: 'WETH utilities',
         description: 'Open the WETH-focused landing page and bridge-adjacent shortcuts.',
@@ -298,6 +304,41 @@ export const explorerFeaturePages = {
       },
     ],
   },
+  hoLiquidity: {
+    eyebrow: 'HO liquidity',
+    title: 'HO Nostro & Reserve Coverage',
+    description:
+      'Public semi-redacted view of Fineract GL 13010 nostro cash, HO GL 1000+1050 reserve coverage vs aggregate issued c*, and PMM cash pool depth — distinct from DEX TVL and GL 2100 M1 book money.',
+    note: 'Refreshed from token-aggregation every 30 minutes. Cash liq. on wallet pages is PMM pool depth only.',
+    actions: [
+      {
+        title: 'Live snapshot JSON',
+        description: 'Open the public ho-liquidity-snapshot API (cached Fineract replay).',
+        href: '/token-aggregation/api/v1/omnl/ho-liquidity-snapshot',
+        label: 'Open API JSON',
+        external: true,
+      },
+      {
+        title: 'cUSDC token detail',
+        description: 'Per-token nostro settlement line and HO backing card.',
+        href: '/tokens/0xf22258f57794CC8E06237084b353Ab30fFfa640b',
+        label: 'Open cUSDC',
+      },
+      {
+        title: 'Reserve capacity',
+        description: 'GRU multi-point proof and reserve capacity dashboard.',
+        href: '/token-aggregation/api/v1/reserve/capacity',
+        label: 'Reserve capacity JSON',
+        external: true,
+      },
+      {
+        title: 'Operations hub',
+        description: 'Return to consolidated operator surfaces.',
+        href: '/operations',
+        label: 'Open operations hub',
+      },
+    ],
+  },
 } as const satisfies Record<string, ExplorerFeaturePage>
 
 export interface ExplorerOperationsSurface {
@@ -322,6 +363,11 @@ export const explorerOperationsSurfaces: ExplorerOperationsSurface[] = [
     label: 'Routes',
     description: 'Live route matrix and execution paths.',
   },
+  {
+    href: '/ho-liquidity',
+    label: 'HO nostro & reserve',
+    description: 'Fineract nostro cash, reserve coverage, and PMM cash liquidity.',
+  },
   {
     href: '/liquidity',
     label: 'Liquidity',

frontend/src/pages/ho-liquidity/index.tsx

@@ -0,0 +1,36 @@
+import type { GetStaticProps } from 'next'
+import HoLiquidityPage, { type HoLiquiditySnapshot } from '@/components/explorer/HoLiquidityPage'
+
+type PageProps = {
+  snapshot: HoLiquiditySnapshot | null
+  loadError: string | null
+}
+
+export default function HoLiquidityRoute(props: PageProps) {
+  return <HoLiquidityPage {...props} />
+}
+
+export const getStaticProps: GetStaticProps<PageProps> = async () => {
+  const base = process.env.EXPLORER_PUBLIC_BASE_URL || 'https://explorer.d-bis.org'
+  try {
+    const res = await fetch(`${base}/token-aggregation/api/v1/omnl/ho-liquidity-snapshot`, {
+      headers: { Accept: 'application/json' },
+    })
+    if (!res.ok) {
+      return {
+        props: { snapshot: null, loadError: `ho-liquidity-snapshot HTTP ${res.status}` },
+        revalidate: 300,
+      }
+    }
+    const snapshot = (await res.json()) as HoLiquiditySnapshot
+    return { props: { snapshot, loadError: null }, revalidate: 300 }
+  } catch (error) {
+    return {
+      props: {
+        snapshot: null,
+        loadError: error instanceof Error ? error.message : 'ho-liquidity-snapshot unavailable',
+      },
+      revalidate: 300,
+    }
+  }
+}