ON-CHAIN RESERVES
EVERY DOLLAR.
ACCOUNTED FOR.
THE RESERVEON-CHAIN
$PUSD
USDC →PMP →PUSD SUPPLY50 PUSD
USDC RESERVE50 USDC
PMP RESERVE0 PMP
TOTAL COLLATERAL$50
Reserve balances
USDC vault50 USDCOn-chain
PMP vault0 PMPOn-chain
PUSD supply50 PUSDOn-chain
PMP oracle value$ 0Oracle
Total collateral$ 50Calculated
Collateral ratio100%Calculated
Maximum redeemable50 PUSDInventory-bound
Protocol stage: USDC BOOTSTRAP.