Protocol
Live state on Base Sepolia.
Backing ratio
Collateral held against USDv in circulation. It sits just below 100% while batches are maturing — that gap is the yield already advanced to holders, and it closes on its own as each batch reaches its maturity date.
Collateral
USDv circulating
Collateral
Locked vault
Backing batches still maturing
Liquid vault
Backing matured USDv
USDv in circulation
Locked (lUSDv)
Still in batch form
Mature (mUSDv)
Free and redeemable
A batch crosses from locked to mature with time alone, with no transaction to record it. Only the sum of the two is exact at any given moment.
Liquid index
Grows with continuous yield
Yield generated
Since launch
Treasury
10% of yield, never of capital
Accounts
Contracts
BatchRegistry0xf898d358d40297C27E28bC2De400883C7a03C968
UsersRegistry0x878A17dF891839FAdEdC3B82371BA866Efb1d64F
TransferGuard0xfb67971D63d3731a7E9803D3eb3Da6b6cb9D8019
MockYieldSource0x8d67FBB919B37C0a13A6a58333F23204E3574421
LockedVault0xc320d771649f3436c260037aDe0a5BD4296939bB
LiquidVault0x5b8773976828EcbF165D6476E7456d8923A872b0
All twelve contracts are verified on Basescan.