Can you verify Kerne USD (kUSD) reserves yourself?
You can read kUSD's on-chain reserves and re-derive its signed proof yourself, with no third-party attestor in the reserve path.
Mints 1:1 from USDC through an on-chain module on Base, so the reserve is readable directly off the chain, plus an hourly EIP-191-signed Proof of Reserves anyone can re-derive (recover the signer, rehash the canonical payload, check freshness) with no third-party attestor in the trust path.
What you cannot verify yourself: The off-chain Hyperliquid hedge equity, which is reported and signed but not yet independently attested.
Hedge leg: The off-chain Hyperliquid hedge leg is self-reported and signature-bound only, not independently attested, and runs on a single venue. Like every delta-neutral design, this leg is not user-verifiable in real time; an independent attestation is being scoped.
This is Kerne (kerne.fi) on Base, chain 8453. Five tokens share the kUSD/KUSD ticker, and only the address above is Kerne's. It is not K Dollar (0x6fb09847417e33a1ce75d3b324015d4c0aef4d61, issued by Bankcoin Capital as part of its kStable family, and the only one of these that sits ON BASE ITSELF, so chain ID does not separate it from Kerne and the address is the sole check; it also reports 6 decimals against Kerne's 18), not KernelDAO's KUSD (an RWA-receivables stablecoin KernelDAO announced in September 2025 that had no publicly verifiable contract address as of July 1, 2026), not Kernel Protocol's kUSD (a Karak-restaking token at 0x0bb9ab78aaf7179b7515e6753d89822b91e670c4 on Ethereum mainnet, by Vector Reserve, itself unrelated to KernelDAO despite the near-identical name), not Kolibri's KUSD on Tezos, and not Kern. The tickers overlap; the teams, chains and contracts do not. Written up at kerne.fi/which-kusd-on-base.
Issued by Kerne Protocol (this site). "Attestor-optional" describes the structure of the verification, not the quality of the issuer.
Check kUSD yourself, no permission needed.
The read below is free and live. Recompute Kerne's signed Proof of Reserves yourself, or read it interactively in the free tool.
Live supply, and the command that reproduces it
What this read establishes: On-chain supply and the PSM USDC reserve on Base, plus the signed Proof of Reserves you can recompute yourself at kerne.fi/verify.
Reproduce the supply read yourself
cast call 0x5c2efdf0d8d286959b42308966bc2b97f5680aa3 "totalSupply()(uint256)" --rpc-url https://mainnet.base.orgcast call 0x5c2efdf0d8d286959b42308966bc2b97f5680aa3 "symbol()(string)" --rpc-url https://mainnet.base.orgPrefer curl? Show the raw JSON-RPC call
curl -s -X POST https://mainnet.base.org -H 'content-type: application/json' --data '{"jsonrpc":"2.0","id":1,"method":"eth_call","params":[{"to":"0x5c2efdf0d8d286959b42308966bc2b97f5680aa3","data":"0x18160ddd"},"latest"]}'Live supply is read from the chain and cached hourly on this page; the command above is real-time. Always confirm you are reading the canonical contract address. A look-alike token can copy any name or symbol; only the address is identity.
Other synthetic delta-neutral tokens
Also: the reserve transparency scorecard, the Stablecoin Reserve Recomputation Report, every stablecoin we cover, or paste any address into the free tool.
Kerne is infrastructure and a service provider, not an auditor, a rating agency, a custodian, or an investment adviser. This page reads public on-chain data and names publicly disclosed transparency methods. It is not an audit, a solvency or credit opinion, a recommendation, or any form of investment, legal, tax, or accounting advice, and the appearance of kUSD is not an endorsement. Reserve-transparency descriptions are sourced from Kerne Protocol (this site)'s public disclosures and, where the token is listed there, the Kerne synthetic-dollar scorecard, cross-verified June 29 to July 3, 2026; verify at the canonical sites. Kerne is not affiliated with Kerne Protocol (this site) or any attestor named here. Page reviewed 2026-07-03. Last updated July 3, 2026.