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Every TSY, fully accounted for.

A live, on-chain view of the Liquid Treasury protocol - outstanding $TSY supply, the underlying tokenized treasury portfolio, mint & redeem flow, rebalancing, instant USDC liquidity, and accrued interest by minter. Read directly from Ethereum mainnet.

Outstanding TSY

$TSY ERC-20 supply

Total backing

Backing ratio

Total backing ÷ TSY supply

Latest TSY APY

Latest posted daily rate

Backing reconciliation

When the protocol subscribes to or redeems from underlying TMMFs, assets temporarily leave on-chain custody for ~T+1 settlement. We surface that gap explicitly so the protocol never appears under-funded.

On-chain custody

Pending issuer settlement

TSY supply minus on-chain custody. Settles back as TMMF subscriptions/redemptions clear.

Total backing ÷ TSY

Methodology: in-flight = max(0, TSY supply − on-chain custody value). When custody balances drop during issuer settlement, the difference is reconciled as in-flight, not lost.

Underlying portfolio

Balances and oracle prices read live from Ethereum mainnet. Asset mix shows what's actually backing every TSY in circulation.

Asset mix

Positions

Live custody balances

Asset	Balance	Price	Value	Weight

TSY APY history

Daily APY posted on-chain by the TreasuryDelegate, net of management fees.

Latest APY

Mints & redemptions

Every primary-market entry and exit through the Multiliquid Swap router. Mints add to TSY supply; redemptions burn TSY back into stablecoins.

When	Action	User	In	Out	Tx

Rebalancing transactions

RWA-to-RWA swaps that rebalance the underlying TMMF allocation. These do not change TSY supply.

When	Rebalance	Amount in	Amount out	Operator	Tx

Accrued interest by minter

Top TSY holders ranked by lifetime accrued interest. Computed on-chain from the TreasuryDelegate yield ledger (credits × yield multiplier − credits).

Rank	Holder	TSY credits	Effective value	Accrued interest

Note: rankings reflect activity within the recent block window scanned for InterestAccrued events. Holders who haven't triggered an accrual recently may not appear; their balance still accrues yield on-chain.

Methodology

How every number on this page is computed

Outstanding TSY = ERC-20 totalSupply() read from the Treasury token contract.
Portfolio holdings = balances of each underlying TMMF (ULTRA, JTRSY, BENJI, USTB, VBILL, WTGXX) in the TreasuryDelegate's RWA custody wallet, valued at the on-chain price-adapter oracle.
Instant USDC liquidity = USDC balance in the TreasuryDelegate's stablecoin custody wallet - what's available for atomic redemption today.
Mints & redeems = MultiliquidSwap StablecoinToStablecoinSwap events where one side is TSY. Rebalances = RWAToRWASwap events.
Daily APY = DailyRatePosted on the TreasuryDelegate, net of management fees, expressed as annualized %.
Accrued interest by minter = effective value (credits × yield multiplier) minus credits, derived from InterestAccrued events plus current ledger reads.
In-flight reconciliation = max(0, TSY supply − on-chain custody). Surfaced explicitly so the dashboard never appears under-funded during the T+1 window when issuer subscriptions/redemptions are settling.

Cross-chain

TSY on Solana - coming Q3 2026

Once live, this dashboard will surface SVM swap-program activity, LP vault balances, and cross-chain TSY supply via LayerZero alongside the Ethereum data above.