Independent Reserve Attestations

Independent verification of Buck's reserves

Overview

Buck's reserves are independently verified by The Network Firm through monthly attestations. This page explains what's verified and how to verify it yourself.

What Gets Attested

Monthly Verification Includes

Item	Description
STRC Holdings	Quantity and value of STRC treasury holdings
USDC Reserve	Stablecoin balance in Liquidity Reserve
Total BUCK Supply	Outstanding BUCK tokens
Collateralization Ratio	(Treasury + Reserve) / (BUCK Supply × Price)
Exchange Rate Accuracy	Calculated vs. reported rate

Attestation Process

1. The Network Firm receives read access to treasury wallets
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2. Independent verification of STRC holdings via custody provider
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3. On-chain verification of BUCK supply and reserve balances
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4. Calculation of collateralization ratio
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5. Signed attestation published

The Network Firm

About

The Network Firm specializes in digital asset attestations and has experience with leading DeFi protocols and cryptocurrency projects.

Why Third-Party Attestation Matters

Benefit	Description
Independence	Not controlled by Buck team
Expertise	Specialized in digital asset verification
Accountability	Professional reputation at stake
Consistency	Standardized methodology

Latest Attestation

Coming Soon

Monthly attestations will be published here starting with the first full month after launch. Check back for updates.

Attestation Format

Each attestation includes:

Field	Description
Date	Attestation date
Period	Period covered
STRC Holdings	Quantity and USD value
USDC Reserve	Balance
BUCK Supply	Total outstanding
Collateralization Ratio	Percentage
Attestor Signature	Cryptographic signature

On-Chain Verification

CollateralAttestation Contract

Address: 0x1aEEEf99704258947A9ea77eF021d5e0551c0428

This contract stores attestation data on-chain:

// View latest attestation
function getLatestAttestation() external view returns (
    uint256 timestamp,
    uint256 strcValue,
    uint256 reserveValue,
    uint256 buckSupply,
    uint256 collateralizationRatio
);

Verify Yourself

1. Go to Etherscan

2. Click "Read Contract"

3. Call getLatestAttestation()

4. Compare with published attestation report

Attestor Wallet

Wallet	Address
CAS_ATTESTOR_WALLET	0x6f31810c8e6bFaf3BA486B4b7ce651b023423Fa3

Only this address (controlled by The Network Firm) can submit attestations.

Real-Time Monitoring

Key Metrics Dashboard

Monitor Buck's backing in real-time:

Metric	How to Check
BUCK Supply	Etherscan Token
Reserve Balance	Liquidity Reserve Contract
Exchange Rate	buck.io

For all contract and wallet addresses, see Smart Contracts.

Attestation vs. Audit

	Attestation	Audit
What	Reserve verification	Code security
Frequency	Monthly	One-time + updates
Provider	The Network Firm	Cyfrin, Spearbit, SSC
Output	Reserve report	Security report
Focus	"Do the assets exist?"	"Is the code safe?"

Both are important:

• Audits verify the code works correctly

• Attestations verify the reserves exist

Historical Attestations

Date	Collat. Ratio	Treasury Holdings	BUCK Supply	Report
Coming Soon	—	—	—	—

Historical attestations will be added here as they are published.

FAQ

How often are attestations published?

Monthly, typically within 10 business days of month end.

What if collateralization drops below 100%?

The attestation would reflect this. Protocol would:

1. Pause new mints

2. Implement redemption queue if needed

3. Treasury takes action to restore ratio

Can I verify reserves without waiting for attestation?

Yes. Use the on-chain contract or Etherscan links above for real-time data. Attestations provide third-party verification of what you can already see on-chain.

Why not real-time attestations?

Attestations require manual verification by The Network Firm. On-chain data is always available for real-time monitoring; attestations provide periodic third-party confirmation.

What if The Network Firm makes an error?

Attestations are based on on-chain data that anyone can verify. Any discrepancy between the attestation and on-chain reality would be immediately visible.

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Next: Smart Contracts →