Backing is USDG the protocol actually holds — an external asset, not our own token — so you can check it directly. Every number below is a live read from the Treasury contract, linked to the exact function it comes from.
BACKING = N/A per CRWN — N/A recognized against N/A
# Crownridge proof-of-reserves — verify against the chain, not against us.
RPC=https://rpc.mainnet.chain.robinhood.com
TREASURY=0xTREASURY_ADDRESS # set after deploy
cast call $TREASURY "usdgBalance()(uint256)" --rpc-url $RPC # USDG the Treasury holds (6 dp)
cast call $TREASURY "recognizedReserve()(uint256)" --rpc-url $RPC # recognized backing (6 dp)
cast call $TREASURY "circulatingSupply()(uint256)" --rpc-url $RPC # circulating CRWN (18 dp)
cast call $TREASURY "navPerToken()(uint256)" --rpc-url $RPC # backing per CRWN (1e18 USD)
cast call $TREASURY "conservationHolds()(bool)" --rpc-url $RPC # must return true▸ This proves Crownridge holds USDG against circulating CRWN. It does not prove what backs USDG itself — for that, see the USDG issuer's own reserve attestations.
The founder can withdraw the reserve asset (USDG) from the Treasury, which immediately reduces NAV per CRWN. It never mints CRWN and never touches protocol liquidity, and every withdrawal emits a dedicated on-chain event. This is a disclosed trust assumption, not a hidden power.
▸ The guardian multisig can pause this path immediately, and the timelock can revoke the controller — but under UNCAPPED mode a withdrawal can occur before a response. Weigh this before depositing. See docs/risk.
NAV = recognized reserve (USDG, normalized to 18-dec USD) − recognized liabilities. V1 has zero liabilities.
NAV / CRWN = NAV ÷ circulating supply, where circulating = CRWN total supply − CRWN held by protocol contracts. The Uniswap pool is not excluded — pool-held CRWN counts as circulating, the conservative choice.
Protocol-owned liquidity is valued at zero in NAV. The CRWN side of an LP is never counted as external backing. USDG is treated as 1:1 USD — an assumption, not a guarantee.
The contracts and this terminal compute these through the same anchored library, so the display can never disagree with the chain.
Buying CRWN below NAV and burning it raises NAV per CRWN for every remaining holder. The burn is only ever done at a discount to backing — that's what makes it accretive rather than a peg defense.
▸ A negative market-vs-NAV figure (discount) is when the engine can act; every burn shown above was executed below NAV and is irreversible.
A bounded fraction of idle reserve can be deployed into timelock-whitelisted yield vaults. Principal counts at par (deployment never moves NAV); only realized, measured yield enters the reserve — as revenue. Losses surface loudly as a conservation break, never silently.
▸ Vault whitelist and bounds are timelock-governed; the guardian can emergency-unwind (funds can only ever move back to the Treasury). Bounds are deploy-time gates — ordinary outflows may drift past them, which this panel and monitoring surface.
Admin changes go through a timelock. Every queued operation is public here — target, function, and earliest execution time — so anyone can scrutinize it and the guardian can veto a hostile one before it executes.
NO NAKED MINTING
CRWN cannot be created without reserve entering the Treasury. Enforced atomically; covered by invariant tests.
NO TREASURY BACKDOOR
Reserve leaves through gated, non-arbitrary paths. No withdrawAll, no arbitrary call, no delegatecall.
DETERMINISTIC ACCOUNTING
NAV is Treasury value ÷ a defined circulating supply — identical in the contracts and this terminal.
REAL DATA ONLY
Every figure is computed from live chain state. Unavailable ⇒ N/A. No fake APY, simulated yield, or guaranteed floor.
Never used interchangeably. CRWN is not redeemable for NAV; nothing implies a guaranteed floor.
Crownridge has not completed an independent security audit or economic review, and is not deployed to mainnet. It will not be called audited until an independent audit has actually occurred.
› Transparency is a core product feature — everything material about how Crownridge holds and moves capital is published here and verifiable on Robinhood Chain.