Transparency

Verification, not marketing

Every claim on Navy's landing is independently verifiable. Your shares sit at Alpaca (FINRA / SIPC); per-asset health is reconciled monthly by a third party; smart contracts are open source and multi-audited. This page stays live 24/7 for anyone , user, regulator, or counterparty.

Backing snapshot

Vault shares are backed 1:1 by equity held at Alpaca. The lending pool uses those shares as collateral for USDC loans, a separate credit product, not a rehypothecation of your stocks.

Custody

Alpaca

FINRA · SIPC $500K

Oracle sources

3

Accountable · Chainlink · keeper · §305

Divergence pause

>1%

auto halt · §251

Reconciliation

Hourly

onchain state vs Alpaca · §595

Live index healthBTC preferred FHR dashboard

Oracle guards

On top of the three-source oracle, the NAV feed is protected against intraday manipulation, weekend gaps, and credit-regime shifts. All three guards live in the oracle contract; the lending pool reads them before computing LTV.

TWAP smoothing

§319-§321

30 min

Time-weighted average price blocks oracle frontrunning and spot-manipulation attacks.

Weekend haircut

§314-§316

5%

Fri 4pm ET → Mon 9:30am ET. Prevents overcollateralization against stale closing prices.

Stress multiplier

§323-§326

0.85–1.0

Credit-stress monitor pushes a multiplier to the oracle. LTV scales down during VIX/HYG regimes.

Audits

Four firms scoped for launch. Status reflects current engagement, none are faked.

SherlockPlanned

Public audit contest · vault + pool

OpenZeppelinPlanned

Lending pool + vault ERC-4626

Trail of BitsPlanned

Oracle + keeper protocol

SpearbitPlanned

Economic exploit review

Navy's target audit panel is broader than Saturn Finance's (Certora + Three Sigma). All four firms will publish public reports before mainnet.

Monthly attestations

Third-party reconciliation of Alpaca holdings + smart-contract state. Published as signed PDFs. Continuous verification beats any single badge.

May 2026Pending

Scheduled publication, awaiting Accountable integration.

April 2026In progress

First month of monthly custodian attestations. Accountable + Alpaca reconciliation pending.

Data sources

Every number on Navy, yields, health, filings, traces to one of these providers.

Data sources

Polygon.io

Real-time + historical stock and options prices.

SEC EDGAR (sec-api.io)

8-K, 10-Q filings for issuer fundamentals.

Hyperliquid

BTC perpetual funding rate history for hedge pricing.

Alpaca

Broker-dealer (FINRA / SIPC) for index execution and options.

Navy vs Saturn

The closest direct competitor in BTC-preferred yield. All claims below are sourced from Saturn's own docs.

Head to head

Navy vs Saturn Finance, the most direct competitor in the BTC-preferred wrapper space.

Management + performance fees

Saturn

10% of yield

Navy

0%

Navy revenue = lending spread only (spec §44).

Custody

Saturn

BVI professional fund wrapper

Navy

Alpaca FINRA / SIPC

Redemption

Saturn

7-day cooldown + NFT receipt

Navy

Instant up to 15% buffer · 1–2d queued

Exposure

Saturn

STRC only (single asset)

Navy

5-asset hedged index
Saturn data sourced from saturncredit.gitbook.io and Alea Research. Not investment advice. Navy's protocol fee spread is subject to change. Audit engagements listed as "planned" are scoped but not yet booked.

This page is updated in real time. Statuses marked "planned" or "pending" reflect truthful current state, when real engagements / reports land, they replace the placeholder. No fake credentials.