Chain supply capture
USDV liabilities are indexed by supported network, issuer or contract reference, circulating supply, mint and burn events, and bridged or native deployment status.
Proof architectureProof Model
USDV proof is designed as a repeatable verification stack: chain liabilities, reserve source data, oracle pricing, haircut policy, coverage computation, and signed reporting are assembled into a single reserve-state model.
Liability layer5 chains
Reserve methodNAV + haircuts
PublicationReports
Verification pipeline
From raw data to proof state
The model separates what users can verify on-chain from what must be reported by custodians, reserve managers, oracle sources, and independent attestations.
Reserve source ingestion
Reserve accounts, tokenized treasury positions, stablecoin liquidity, gold exposure, and crypto collateral are normalized into asset-class records with source, timestamp, and eligibility tags.
Valuation and haircut policy
Each collateral class is priced with defined oracle inputs and conservative haircuts so coverage is calculated against risk-adjusted reserve value, not headline asset value.
Coverage comparison
Risk-adjusted reserve NAV is compared against chain-level and aggregate USDV supply to produce reserve coverage, buffer state, and exception flags.
Attestation package
Proof outputs are intended to be published with signed timestamps, methodology notes, reserve-source references, and independent attestation status when available.
Public review trail
Each report version should remain traceable so users can compare supply, collateral allocation, pricing sources, and governance changes over time.
Evidence layers
What the proof model checks
Liabilities
Issued USDV supply per chain, mint and burn history, authorized issuer or contract references, and chain-specific supply caps.
Assets
Eligible reserve inventory across liquidity, government bond exposure, gold, tokenized treasuries, crypto collateral, and cross-chain pools.
Prices
Oracle source, reference time, stale-price logic, FX assumptions where relevant, and valuation haircut per collateral class.
Coverage
Aggregate and chain-aware coverage ratios, reserve buffer, risk flags, and governance parameter version used for calculation.
Report schema
Proof fields users should expect
The dashboard will publish status-oriented fields first, then expand as live integrations, attestations, and chain references move from staging to production.
| Field | Purpose | Control expectation |
|---|---|---|
| USDV supply by chain | Shows liabilities across XRPL, Stellar, Solana, Sui, and Ethereum. | Indexed from public network data or verified issuer records. |
| Reserve NAV | Shows total eligible reserve value after valuation methodology is applied. | Updated from reserve sources and pricing feeds with timestamped methodology. |
| Haircut-adjusted NAV | Shows conservative reserve value used for coverage logic. | Governance-defined haircuts applied before comparing reserves to supply. |
| Coverage ratio | Compares risk-adjusted reserve value against outstanding USDV supply. | Triggers review flags if coverage moves below protocol thresholds. |
| Attestation status | Identifies whether an independent report or signed reserve statement is available. | Displayed with date, scope, and issuer of the report. |
Important: the Proof Model page describes the intended transparency architecture for USDV. Live reserve values, official attestations, and verified chain references should be treated as authoritative only when published in the Reserve Dashboard or signed reporting materials.