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Proof of reserves

Independent verification that syrupUSDG's reserves back its deposits.

Fully overcollateralized
The Network Firm Last verified October 27 at 1:00 AM UTC
Assets Under Management$516.88M
APY vs benchmark
4.7%syrupUSDG
4.1%Benchmark
syrupUSDG APY
USD benchmark rate
Deposits$321.67M
Deposit allocation
$321.67M Total deposits
  • Overcollat. Lending 36.3% · $116.88M
  • DeFi 29.0% · $93.3M
  • US Treasuries 29.0% · $93.24M
  • Idle Cash 3.8% · $12.24M
  • DEX LP 1.9% · $6.01M

AUM Breakdown

What syrupUSDG deploys into. Values are syrupUSDG's share of each strategy, including accumulated yield.

$312.09M Overcollateralized Lending Loans to institutional borrowers, backed by collateral Collat. Assets: BTCETH Collat. Ratio · 167.3% Show Details
5 loans $116.7M
50M USDG Open Term Jan 28, 2027 90 days BTC $84.31M 168.6% 0x90de…8e59
32.3M USDG Open Term Nov 19, 2026 20 days BTC $65.24M 201.9% 0x84a6…4334
20.5M USDG Open Term Oct 31, 2026 1 day ETH $27.4M 133.6% 0x7ceb…ee32
11.5M USDG — — — BTC $14.39M 125.1% 0x383d…1f60
2.4M USDG Open Term Oct 31, 2026 1 day BTC $3.87M 161.2% 0x2f9b…8adc
Collateral 167.3% collateralized
2 assets $195.21M
Asset Amount Value
BTC 2,168.47 $167.82M
ETH 12,250 $27.4M
Collateral wallets · 6
Showing 1–4 of 6 1 / 2
$93.24M US Treasuries Short-duration US Treasury bills Show Details
Strategy AUM % of strategy Address
PYUSD $93.24M 100.0% 0xC1E2…d31D
$93.3M DeFi Supplied to onchain lending markets and savings vaults Show Details
Strategy Venue AUM % of strategy Address
USDG Morpho $48.22M 51.7% 0xBE8F…7c27
USDG Aave v4: Global Dollar Hub $20.03M 21.5% 0xBE8F…7c27
Cross-Pool Maple $20.03M 21.5% 0xb695…6fed
Cross-Pool Maple $5.01M 5.3% 0xc3d5…2c9f
$6.01M DEX LP Liquidity provided to onchain exchange pools Show Details
Strategy AUM % of strategy Address
Uniswap · Robinhood $3M 50.0% 0x1D2F…354a
Other · Ethereum $2M 33.3% 0x1D2F…354a
Other · Arbitrum $1M 16.7% 0x1D2F…354a
$12.24M Idle Cash Unallocated cash sitting in the pool contract Show Details
Strategy AUM % of strategy Address
Pool cash $12.24M 100.0% 0x87b6…cd7a