Verifiable Data
Trust but Verify
We believe transparency is not optional for a yield protocol. If you are trusting a protocol with your capital, you deserve to verify that your capital is actually there.
Kerne publishes automated Proof of Reserves on chain every 24 hours. This includes:
- Total kUSD supply: how many kUSD tokens exist
- Total collateral backing: the value of all assets held by the vault
- Individual asset balances: the value of each asset type the vault holds
- Collateralization ratio: collateral value divided by kUSD supply
On Chain Proof
All of this data is verifiable on chain. You do not need to trust us. You can check the smart contracts directly, or use the Kerne Transparency page which provides a real time dashboard of all solvency metrics.
The Transparency page also displays historical collateralization data, so you can see how the ratio has trended over time. Our goal is to maintain a collateralization ratio above 100% at all times, with the Insurance Fund providing additional buffer.
A New Standard
This is fundamentally different from traditional stablecoins like USDC, where you must trust Circle's quarterly attestation reports. With Kerne, the proof is on chain, updated daily, and verifiable by anyone with an internet connection.