Reserves & Transparency
LBP is backed 1:1 by real USDC & USDT reserves, all verifiable on-chain.
Treasury Multisig (Gnosis Safe)
Address: 0x31961AE98cc6F7F0f3de5C6D61Ff480683C2dc33
Signers (3/5):
- 0x71C7656EC7ab88b098defB751B7401B5f6d8976F
- 0x893D20e8D4A52F8D9036c577D6372326C1B1A7e2
- 0x42F8461721Ab5f51614c4EafE749C5D9dBFe5e8E
- 0xB731F8C3d64DDeF29aD617A43C90F115C9DE90E6
- 0x6A9BafB7C309c5d963966f75B85951F02c51F0a3
Reserve Breakdown
| Asset | Amount (on-chain) |
|---|---|
| USDC | 12,345.67 |
| USDT | 8,765.43 |
| Total Backing | 21,111.10 |
| Circulating LBP | 21,110.50 |
Audit & Attestation
- Smart-contract audit: Download report (PDF, Q2 2025)
- Proof-of-Reserves attestation: KPMG attestation (PDF, May 2025)
DIY Verification
Verify on-chain:
- Go to Basescan
- Check
USDC.balanceOf(treasury) + USDT.balanceOf(treasury) - Compare to
LBP.totalSupply()
If the vault balance ever drops below supply, our admin must pause mint/redemptions until it's replenished.