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Transparency is a core design principle: ownership and value should be recomputable, not taken on faith. IX RWA publishes an on-chain asset registry alongside live NAV and reserve coverage — so you can rebuild the numbers yourself instead of trusting a dashboard.

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Net Asset Value (NAV)

NAV is the total value backing the index. IX-CORE’s share price is simply NAV ÷ supply, and every input is on-chain:
hardwareValueUSD() sums only cohorts with ≥1 Active asset in the registry, so a quarantined or retired cohort drops out of NAV automatically.

On-chain registry

Each asset’s identity and value are recorded on-chain (machine + GPU serials, hashed), with explorer links for independent verification.

Live NAV-per-share

Computed from cash, oracle hardware value, and supply — rebuildable from on-chain inputs, not asserted.

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Per-cohort values & freshness

The NAV oracle exposes each cohort’s value and the timestamp of its last update (cohortValueUSD(cohortId) → value, updatedAt), plus a global lastUpdate() and isStale(). That lets the transparency surface show not just what each sleeve is worth but how fresh the number is — and the vault refuses to price against a stale feed.

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Reserve coverage

The smoothing reserve backs redemptions and buffers yield. Its balance is public on-chain, so reserve coverage — how the deployed capital maps to asset value plus buffer — is a verifiable ratio rather than a claim.

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Verify the hardware identity yourself

Each asset can carry an on-chain identity anchor: identityHash = keccak256 of the canonical off-chain identity bundle (machine id, host id, motherboard, geolocation, and the per-GPU serial list), plus the GPU model and serial count.
1

Read the anchor

Call identityOf(assetId) on the Asset Registry to get the identityHash, machineId, model, and serialCount.
2

Fetch the bundle

Retrieve the full off-chain identity bundle served by the transparency surface.
3

Re-hash and compare

Recompute keccak256 of the bundle and check it equals the on-chain identityHash. A match proves the anchored machine is the one backing the asset.
On testnet, NAV and revenue are simulated in settlement but driven by live market data, published by a LiveDataNAVOracle behind a swappable INAVOracle seam. Independent, oracle-attested Proof of Reserve — where a whitelisted attestor records a value plus an evidence hash — is gated on-chain by the Attestor Registry; real third-party attestors are a pre-mainnet trust item. See Roadmap.

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Verify NAV on-chain

1

Open the transparency page

Visit testnet.ix.finance/transparency.
2

Follow the on-chain links

Each asset, the NAV oracle, the reserve, and the IX-CORE vault link to BaseScan.
3

Recompute NAV

Use the explorer’s read functions (including Read as Proxy for upgradeable contracts) to pull totalAssets, totalSupply, and hardwareValueUSD, and rebuild NAV-per-share directly on-chain.

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Testnet disclosure

All figures are simulated testnet values today — NAV, reserve coverage, AUM, and yield reflect the Base Sepolia deployment settled in test tokens, and are re-established with a fully attested feed at mainnet launch after audit.