· 1 min read
Reserve attestations go daily
Monthly was the industry norm and the industry norm was not good enough.
Halo Labs
From this month, reserve holdings are published every day as a signed attestation, alongside the independent monthly audit that was already running.
Why bother
A monthly attestation tells you what was true on one day out of thirty. For an asset whose entire promise is you can leave whenever, the gap between those days is exactly where the risk lives.
What gets published
- Instrument-level holdings, by maturity
- Total supply at the same block height
- The difference between the two, in basis points