Proof of reserves

Independent verification that syrupUSDG's reserves back its deposits.

Assets Under Management$553.3M
APY vs benchmark
4.8%syrupUSDG
4.6%Benchmark
syrupUSDG APY
USD benchmark rate
Deposits$312.34M
Deposit allocation
$312.34M Total deposits
  • Overcollat. Lending 48.2% · $150.45M
  • DeFi 41.5% · $129.67M
  • US Treasuries 7.3% · $22.88M
  • DEX LP 1.9% · $6.01M
  • Idle Cash 1.1% · $3.33M

AUM Breakdown

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

$391.41M Overcollateralized Lending Loans to institutional borrowers, backed by collateral Collat. Assets: BTCETH Collat. Ratio · 160.4% Show Details
6 loans $150.2M
50M USDG Open Term Feb 5, 2027 90 days BTC $82.44M 164.9% 0x90de…8e59
32.3M USDG Open Term Nov 19, 2026 12 days BTC $63.79M 197.5% 0x84a6…4334
30M USDG Open Term Jan 6, 2027 60 days BTC $42.07M 140.2% 0x7bf3…79aa
20.5M USDG Open Term Nov 8, 2026 1 day ETH $27.38M 133.6% 0x7ceb…ee32
15M USDG Open Term Nov 10, 2026 3 days ETH $21.51M 143.4% 0xca48…dc39
2.4M USDG Open Term Nov 8, 2026 1 day BTC $3.78M 157.6% 0x2f9b…8adc
Collateral 160.4% collateralized
2 assets $240.96M
Asset Amount Value
BTC 2,538.47 $192.07M
ETH 21,875 $48.89M
Collateral wallets · 6
Showing 1–4 of 6 1 / 2
$22.88M US Treasuries Short-duration US Treasury bills Show Details
Strategy AUM % of strategy Address
PYUSD $22.88M 100.0% 0xC1E2…d31D
$129.67M DeFi Supplied to onchain lending markets and savings vaults Show Details
Strategy Venue AUM % of strategy Address
USDG Morpho $48.23M 37.2% 0xBE8F…7c27
Cross-Pool Maple $46.38M 35.8% 0xb695…6fed
USDG Aave v4: Global Dollar Hub $20.03M 15.4% 0xBE8F…7c27
USDG Morpho $10.02M 7.7% 0x8DF6…6122
Cross-Pool Maple $5.01M 3.9% 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
$3.33M Idle Cash Unallocated cash sitting in the pool contract Show Details
Strategy AUM % of strategy Address
Pool cash $3.33M 100.0% 0x87b6…cd7a