Proof of reserves and onchain verification - Drakewell

Drakewell publishes live proof of reserves for USDdw. Solvency is validated by Accountable, which tracks the vaults’ underlying assets and net asset value onchain in real time. This page covers what is published and how you can check it yourself.

Live reserves

The live proof of reserves dashboard is at [TBC: Drakewell proof of reserves URL]. It covers USDdw’s credit vaults. Proof of reserves for SPYdw is at [TBC: SPYdw proof of reserves URL].

Check it onchain

You don’t need to rely on the dashboard alone. Each credit vault can be checked directly onchain:

Accountable (Ethereum): the USDdw share price is read from the vault contract.
Venzo (Arbitrum): net asset value per share is published by the vault’s NAV oracle.
Aleo: the share price is published by the vault’s price oracle, and the vault’s USDC balance is public onchain.

Addresses for each are on the Credit vaults page.

Service providers

Role	Provider
Proof of reserves and solvency validation	Accountable
Onchain attestation of assets and NAV	Accountable
Credit vaults	Accountable on Ethereum, Venzo on Arbitrum
Audit standard	At least two independent audits for every counterparty protocol and DEX venue, one of them from a leading firm, reviewed by Accountable

Counterparty protocol and venue audits are checked when a venue is onboarded and reviewed on an ongoing basis.

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