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. Do not trust the issuer, and do not trust us. This page reads kUSD's live supply straight from the chain and shows you, honestly, where verification ends and trust begins.
Issued by Kerne Protocol (this site). It is not an audit, a rating, or a solvency opinion, and kUSD appearing here is not an endorsement. "Attestor-optional" describes the structure of the verification, not the quality of the issuer.
The part you can always verify: live supply
Total supply is a contract function anyone can call. Below is kUSD read live from the chain, with the exact command to reproduce it. This is the one number you never have to take on faith.
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.
The harder question: can you verify kUSD's reserves?
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.
This is Kerne (kerne.fi) on Base, chain 8453. Four tokens share the kUSD/KUSD ticker, and only the address above is Kerne's. It is 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.
On-chain supply and the PSM USDC reserve on Base, plus the signed Proof of Reserves you can recompute yourself at kerne.fi/verify.
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.
The reserve backing is readable on-chain, so a third-party attestor is optional on that leg. kUSD is on the strong end of this axis for its reserve leg. That is not the same as risk-free; the standing risks are smart-contract and collateral risk, not attestor trust.
See how kUSD sits next to the rest of the field on the reserve transparency scorecard, or run this same read on any other token with Verify Any Stablecoin.
Common questions about kUSD
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. On-chain supply and the PSM USDC reserve on Base, plus the signed Proof of Reserves you can recompute yourself at kerne.fi/verify. The off-chain Hyperliquid hedge equity, which is reported and signed but not yet independently attested. On-chain supply is something you can always read yourself; the reserves are where the trust boundary sits, and this page shows exactly where.
Does kUSD rely on a third-party attestor for its reserves?
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. There is no third-party attestor in the reserve path: the backing is readable on-chain, so On-chain supply and the PSM USDC reserve on Base, plus the signed Proof of Reserves you can recompute yourself at kerne.fi/verify. The residual risk is smart-contract and collateral risk, not attestor trust.
Which kUSD contract is canonical, and how do I confirm I have the right one?
kUSD is a synthetic delta-neutral token issued by Kerne Protocol (this site) at 0x5c2efdf0d8d286959b42308966bc2b97f5680aa3 on Base. A look-alike token can copy any name or symbol, so only the address is identity: confirm you are reading the canonical contract above before trusting any supply or reserve figure. This is Kerne (kerne.fi) on Base, chain 8453. Four tokens share the kUSD/KUSD ticker, and only the address above is Kerne's. It is 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.
Check kUSD yourself, no permission needed.
The check above is free and live. Read it interactively in the free tool, or recompute Kerne's signed Proof of Reserves and read the live backing yourself. Do not trust us; check it.
Other synthetic delta-neutral tokens
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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 1, 2026; verify at the canonical sites. Kerne is not affiliated with Kerne Protocol (this site) or any attestor named here. Page reviewed 2026-07-01. Last updated July 1, 2026.