Unitas’s latest PoR has been updated again.
USDu Supply is now around $47.55M, Reserves are $50.38M, and the Backing Ratio is 1.0595.
Looking at the numbers, the reserves seem sufficient. 105.95% certainly looks like a lot, but you shouldn’t treat it as an audit report.
It’s important to understand the distinction: Primus verifies the data and APIs provided by the project, but doesn’t conduct an independent audit on its behalf or provide financial assurance.
PoR is useful, of course, but you need to know exactly what it verifies. At least now, Unitas’s on-chain and off-chain data, along with the update times, are all visible right on the page. Showing on-chain and off-chain reserves separately is much clearer than simply saying “100% backed.”
#Unitas #USDu #Primus #PoR #stablecoin
USDu Supply is now around $47.55M, Reserves are $50.38M, and the Backing Ratio is 1.0595.
Looking at the numbers, the reserves seem sufficient. 105.95% certainly looks like a lot, but you shouldn’t treat it as an audit report.
It’s important to understand the distinction: Primus verifies the data and APIs provided by the project, but doesn’t conduct an independent audit on its behalf or provide financial assurance.
PoR is useful, of course, but you need to know exactly what it verifies. At least now, Unitas’s on-chain and off-chain data, along with the update times, are all visible right on the page. Showing on-chain and off-chain reserves separately is much clearer than simply saying “100% backed.”
#Unitas #USDu #Primus #PoR #stablecoin
