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TerminalMint kUSD

Honesty board

What each dollar says it pays, next to what it paid.

21 yield bearing dollars. For each one that publishes a rate, the rate it advertises beside the rate its vault actually paid over 30 days, read from chain, signed every hour, and open for anyone to recompute.

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Signed snapshotkUSDBaseKerne on Base
fetch("https://kerne.fi/api/honesty-index")
{
  "kind": "kerne.honesty-index.v1",
  "rows": 21,
  "window_days": 30,
  "generated_at": "2026-09-12T21:37:26Z",
  "signer": "0x8494…c4ea"
}
21rows on the board
30day realized window
1hbetween signed reads
Attestation hash0x1186…7a6a

Every published rate, advertised against realized.

  1. kUSDKerneskUSD · BasePublishes this board. skUSD holds kUSD, which is backed one for one by USDC with reserves signed every hour.0x96F5…fA14
  2. TToristrUSD · Ethereum10.69%10.67% advertised
  3. AAvantsavUSD · Avalanche8.44%10.47% advertised
  4. NNoonsUSN · Ethereum7.35%7.17% advertised
  5. CCapstcUSD · Ethereum5.63%5.66% advertised
  6. MMaplesyrupUSDC · Ethereum4.94%No rate advertised
  7. FFalcon FinancesUSDf · Ethereum4.91%4.60% advertised
  8. MMaplesyrupUSDT · Ethereum4.57%No rate advertised
  9. EEthenasUSDe · Ethereum4.52%4.22% advertised
  10. AAegissYUSD · Ethereum4.50%6.00% advertised
  11. FFraxsfrxUSD · Ethereum4.48%5.00% advertised
  12. UUsualsUSD0 · Ethereum4.11%No rate advertised
  13. SSkysUSDS · Ethereum3.54%3.52% advertised
  14. SSparksUSDC · Ethereum3.54%3.52% advertised
  15. CCurvescrvUSD · Ethereum1.12%0.83% advertised
  16. NNeutrlsNUSD · Ethereum0.66%2.20% advertised
Five more rows, paused or winding down
  • Stables LabssUSDX · EthereumDormantRealized 0.00%
  • ResolvwstUSR · EthereumIn recoveryRealized 0.00%
  • YieldFiyUSD · EthereumIn recoveryRealized 0.00%
  • ElixirsdeUSD · EthereumSunsetRealized 0.00%
  • LevelslvlUSD · EthereumSunsetRealized 0.00%

Advertised rates are each protocol's own figure, labelled as it labels them (a projected, set or averaged rate) and dated the day we captured it. Realized is annualized from on chain share price growth over the same 30 days for every row. Rates move. This is a signed snapshot, not advice.

Check any row in one call.

Nothing on the board needs trusting. Take Ethena's sUSDe: read its share price at two blocks 30 days apart, annualize the growth, and you land on the realized figure above.

Every row carries its vault, its blocks and both readings in the signed JSON, so any RPC endpoint reproduces it.

EEthena sUSDeEthereum · vault 0x9D39…3497
  1. Block 25,748,83613 Aug 20261.24326866
  2. 30 days later
  3. Block 25,964,06712 Sep 20261.24779125
Share price up 0.3638% in 30 days, annualized4.52%
cast call 0x9D39A5DE30e57443BfF2A8307A4256c8797A3497 \
  "convertToAssets(uint256)(uint256)" 1000000000000000000 \
  --block 25964067

Kerne's kUSD is backed one for one by USDC, and its reserves are signed hourly.

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