> For the complete documentation index, see [llms.txt](https://docs.apyx.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.apyx.fi/collateral-and-custody/transparency.md).

# Transparency

### [Accountable Dashboard](https://accountable.apyx.fi/)

The Accountable dashboard provides independent, near real-time visibility into the assets backing apxUSD, including supply, reserves, and collateral coverage. Built with third-party verification, it allows anyone to audit the system at any time, not just trust it. For users, that means greater confidence, clearer risk visibility, and a new standard of transparency as digital credit continues to scale. The dashboard publishes two distinct metrics:

* **Redemption Value** — the price at which all minting and redemption occurs.
* **Total Collateral Value** — the full value of the reserve, including the overcollateralization buffer.

<figure><img src="https://1731598137-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6XK8DXRkFImTNSbo86o2%2Fuploads%2FUndGmJkht08ABO2VB31D%2Fimage.png?alt=media&amp;token=86be07ab-1861-445f-acc9-7cfb661445d4" alt=""><figcaption></figcaption></figure>

### [Dune Dashboard](https://dune.com/apyx_fi)

The Dune dashboard aims to provide a more complete view into the Apyx ecosystem, including trading volumes, liquidity, and price based on on-chain data.

<figure><img src="https://1731598137-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6XK8DXRkFImTNSbo86o2%2Fuploads%2FI8SXASIxyBy8MyOZTnRR%2Fimage.png?alt=media&amp;token=0a792cb0-6ca1-464d-b97c-6c2043586de2" alt=""><figcaption></figcaption></figure>

### Custodian Attestations

Each month, we work with custodians to obtain attestations that validate that the backing assets exist, remain under custody control, and are valued appropriately.

**Wolf & Company**

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