Treasury Transparency
Ledgity is structured to provide full traceability of how capital is managed, how yield is generated, and how value flows back to participants. There are no opaque strategies, no discretionary treasury movements, and no hidden incentives. Every component of the system is either on-chain and verifiable or regulated and audited off-chain.
Treasury transparency is ensured through two complementary layers:
On-chain protocol accounting (immutable, auditable, programmatic)
Off-chain RWA portfolio reporting (regulated, reconciled, externally verified)
On-Chain Treasury Logic
All protocol revenue handling is executed through smart contracts. No private key or operator can redirect funds outside defined rules.
Vault Contracts
Hold user deposits and compute PPS (Price-Per-Share) to reflect yield over time
FeeCollector
Aggregates yield performance fees
BuybackManager
Executes automated buybacks of LDY from open markets
veLDY Community Pool (80%)
Distributes rewards to veLDY stakers (the DAO)
veLDY Council Pool (20%)
Incentivizes operational oversight and execution
20% of all protocol performance is automatically redistributed to the DAO via the veLDY Community Pool. Since veLDY stakers are the DAO, they directly benefit from protocol growth.
No revenue ever flows into private team wallets through the protocol layer.
Off-Chain RWA Portfolio Transparency
The RWA portfolio is managed through SARR Fund, a regulated Luxembourg investment vehicle with independent oversight.
Key guarantees:
Segregated client assets
Short-duration, liquid fixed-income allocations
No leverage and no rehypothecation
Portfolio reporting reconciled with on-chain PPS movement
Yield = cash flows repaid by real economic activity → converted → reflected continuously in the PPS price of L-Tokens.
This ensures real, repeatable, non-speculative yield.
Withdrawal Transparency & Liquidity Management
Withdrawals are structured to avoid liquidity mismatch — a frequent failure point in RWA projects.
On-chain liquidity buffer
Instant
Supports everyday withdrawals
Short-duration repayment cycle
~24–72h
Normal redemption processing
Extraordinary withdrawal coordination
Case-by-case
For withdrawals >10% of TVL
This framework ensures users can withdraw capital without destabilizing the underlying portfolio.
Reporting & Observability
All performance and movement can be monitored in real time:
On-chain Vault Activity
Dune dashboards, DeFiLlama, Token Terminal
Buybacks & Reward Distribution
Smart contract logs + open execution traces
RWA Performance Reports
Periodic disclosures from the SARR Fund
Governance Decisions
Public Snapshot votes and multisig execution records
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