Real-Time Proof of Reserves

Aegis Proof of Reserves dashboard is powered by Accountable, a real-time data verification platform, to provide verifiable proof of reserves, collateral ratios, and market neutrality. The system is designed to ensure that YUSD is fully backed and that the protocol’s hedging strategies remain balanced.

Verification Process

  1. Reserve Verification

    • Accountable connects directly to custodians, on-chain wallets, and exchange accounts.

    • Balances are aggregated and verified in real time to confirm that circulating YUSD is fully collateralized.

  2. Market Neutrality Monitoring

    • Aegis maintains delta-neutral positions using spot and perpetual markets.

    • Accountable verifies that long and short exposures remain balanced, ensuring protocol reserves are not exposed to BTC price volatility.

  3. Insurance Fund Tracking

    • The Aegis Insurance Fund is monitored in real time.

    • This provides an additional layer of collateral protection for YUSD stability.

  4. Verification Interval

    • All data is updated on a recurring schedule.

    • The dashboard displays the timestamp of the last verification to ensure transparency of data freshness.

Dashboard Overview

The Proof of Reserves dashboard is available at: https://aegis.accountable.capital/

Metrics displayed:

  • Verifiability: Percentage of assets verified directly from source

  • Collateral ratio: Total reserve value relative to circulating YUSD

  • Market neutrality: Status of delta-hedged positions

  • Verification interval: Frequency and last update time

  • Total YUSD supply

  • Total reserves

  • Insurance fund balance

The dashboard also includes historical charts for:

  • Reserve growth over time

  • Collateralization and chain distribution

  • Supply vs reserves

  • Insurance fund balance over time

Through Accountable, Aegis provides continuous, verifiable data on reserves and positions. This ensures that the protocol’s collateral backing and risk management are transparent, measurable, and available in real time.

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