Verify
Everything the protocol knows, you can verify: NAV methodology, the treasury it reads from, realised yield history, and the insurance fund.
CURRENT NAV
$103.42
per bond · updated 2026-07-23T09:00:00Z
What is NAV?Net asset value — what one bond is actually worth: the DexFi treasury's total on-chain value, minus undistributed profit, divided by bonds outstanding. It's the price all collateral and liquidation maths use.
Borrows pause automatically if NAV is older than 8 days. Updates moving more than 10% enter a 12-hour pending state and need a second key.
INSURANCE FUND
$4,812.40
target $5,900.00 before next cap raise
Funded by 10% of harvested yield plus affiliate commission. Absorbs auction shortfalls before any loss is socialised to lenders.
LAST RECONCILIATION
4 bps
2026-06-30 · protocol NAV vs DexFi displayed price
Protocol NAV $102.87 vs DexFi $102.91. Reconciled and published monthly.
REALISED WEEKLY YIELD PER BOND — LAST 12 WEEKS
12-wk avg $0.90
-11
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-8
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-1
now
USDC per bond per week, as actually claimed from the farm. The UI never shows projected APR — all projections derive from this trailing history.
NAV METHODOLOGY
- Read the DexFi treasury EOA's total on-chain value across its vault positions: 0xd4ec4E5b7625Fed3c40Bfeec206E49396F02Dd54 ↗
- Subtract unclaimed USDC profit not yet distributed.
- Divide by total bonds outstanding — mirroring DexFi's own pricing formula.
- Post on-chain daily (minimum weekly), guarded by deviation limits and a two-key confirmation for large moves.
- Reconcile monthly against DexFi's displayed bond price; publish the reconciliation here.