Transparency Portal
Transparency isn't a feature for Steady, it's one of the reasons Steady exists. The stablecoin market has a long history of opacity: unclear reserves, inconsistent attestations, and issuers asking holders to simply trust them. We built Steady to be the opposite. Everything that can be verified, should be verifiable. This section covers what we publish, what backs every STDY token, and how you can confirm that what we say is actually true.
The Steady Transparency Portal is the single source of truth for the state of the protocol. It's publicly accessible (no login or onboarding required) and it's where holders, prospective investors, and the public can verify exactly what's happening across reserves, supply, rebase performance, APY and audits. The portal is organized into four sections, each answering a different question a serious investor would ask.
Explore it live: Transparency Portal.
Overview
The Overview is the at-a-glance health check of the protocol. It brings together the headline figures: total circulating STDY (split across Ethereum and Arbitrum), total reserves backing the supply, yield generated by the underlying, total amount rebased to holders, the percentage of profits shared, and the current APY. It also includes historical views of supply versus reserves and the amount rebased alongside realized APY over time.
There are two relationships worth reading closely here. The first is supply versus reserves: the value of reserves should always fully back the circulating supply — the core promise of a fully collateralized stablecoin.
The second is the APY and amount rebased to holders: this is where you see Steady working for you, with your position growing automatically to reflect the performance of the underlying. Together they capture what makes Steady different — a stablecoin that's both fully backed and quietly growing your holdings at the same time.
Yield
The Yield section details the performance generated by Steady's underlying and how it flows to holders. Here you'll find the yield generated by the underlying, the total amount rebased to holders, operational costs, the percentage of profits rebased, and Steady's own APY — alongside historical charts of yield generated and realized APY over time.
This section makes the entire model legible: how much the underlying produced, how much was shared with holders through rebase (up to 95%), and how much was retained to cover operating costs (the remaining portion). Nothing about the split is hidden — it's laid out in full.
Supply & Reserves
The Supply & Reserves section breaks down what backs Steady and how supply is distributed. It includes total circulating STDY and total reserves, a breakdown of the reserve composition (T-Bills and cash), supply and reserves over time, and per-network activity: volume, transaction counts, and unique wallets across Ethereum and Arbitrum, including the distribution of holders by position size.
This is the section for verifying the backing in detail — not just the headline reserve total, but what the reserves actually consist of and how the protocol is being used across both networks.
Audits & Partners
The Audits & Partners section is where third-party verification lives. It hosts downloadable audit documents and reports, and lists the external partners Steady works with across legal, security, and audit functions. The principle behind this section is simple: everything Steady says should be independently verifiable, not self-reported. (Covered in detail in Proof of Reserves & Audit Approach.)
Real-Time vs. Manually Updated Data
Not all data on the portal updates at the same cadence. Everything that lives on-chain is reflected in real time: circulating supply, TVL, rebase history, APY, volume, transactions, unique wallets, etc.. Because this data comes directly from the blockchain, it's always current and independently verifiable. You don't have to trust our dashboard; you can confirm these figures against public block explorers yourself.
Everything that lives off-chain, primarily reserve composition, bank attestations, and audit documents, is updated manually by our team. This data reflects assets held in the traditional banking system and documentation produced by our partners. Each data snapshot on the portal is labeled with the date it was taken, so you always know how current the off-chain figures are.
