# Exit Overhang

> Decisioning-gated holder concentration, action bands, coverage states, and vault-level evidence.

Exit Overhang translates holder concentration into action bands for vaults monitored by the active organization. It is available through the dashboard route `/overhang`.

## Access

The dashboard checks `/dashboard/v1/overhang/access` before loading the page. The access response controls whether the sidebar shows Exit Overhang and whether the page loads portfolio overhang data.

When access is disabled, the page shows a locked state and does not request portfolio overhang data.

## Bands

| Band        | Dashboard verb                                    |
| ----------- | ------------------------------------------------- |
| Clear       | No concentration action required                  |
| Watch       | Monitor before adding                             |
| Limit       | Cap additions unless approved                     |
| Exit Review | PM or IC review before adding, consider exit plan |

Unscored vaults show an Unscored state and wait for complete scoring inputs.

## Portfolio View

The portfolio overhang endpoint returns coverage, KPI counts, vault rows, and cross-exposure rows. The page renders an action-band ladder, a counterparty exposure panel, and a vault table.

Vault rows include external top-holder concentration, protocol-managed share, holder counts, external holder counts, composition, top counterparties, and the organization's monitored exposure for that vault.

## Coverage Honesty

Overhang coverage can be complete or indexing. The dashboard separates complete vaults from indexing vaults and separates scored from unscored exposure.

If a vault is still indexing or outside the current coverage set, the drawer explains that no band is shown until holder coverage is complete for that vault.

## Vault Detail

Opening a vault loads `/dashboard/v1/overhang/vaults/{network}/{address}`. The drawer shows top holders, labels where available, address categories, protocol-managed flags, evidence sources, holder composition, external protocol split, and a 90-day external top-10 concentration trend.