NAV = recognized reserve (USDG, normalized to 18-dec USD) − recognized liabilities. V1 has zero liabilities.
NAV / CRWN = NAV ÷ circulating supply, where circulating = CRWN total supply − CRWN held by protocol contracts. The Uniswap pool is not excluded — pool-held CRWN counts as circulating, the conservative choice.
Protocol-owned liquidity is valued at zero in NAV. The CRWN side of an LP is never counted as external backing. USDG is treated as 1:1 USD — an assumption, not a guarantee.
The contracts and this terminal compute these through the same anchored library, so the display can never disagree with the chain.
NO NAKED MINTING
CRWN cannot be created without reserve entering the Treasury. Enforced atomically; covered by invariant tests.
NO TREASURY BACKDOOR
Reserve leaves through gated, non-arbitrary paths. No withdrawAll, no arbitrary call, no delegatecall.
DETERMINISTIC ACCOUNTING
NAV is Treasury value ÷ a defined circulating supply — identical in the contracts and this terminal.
REAL DATA ONLY
Every figure is computed from live chain state. Unavailable ⇒ N/A. No fake APY, simulated yield, or guaranteed floor.
Never used interchangeably. CRWN is not redeemable for NAV; nothing implies a guaranteed floor.
Crownridge has not completed an independent security audit or economic review, and is not deployed to mainnet. It will not be called audited until an independent audit has actually occurred.
› Transparency is a core product feature — everything material about how Crownridge holds and moves capital is published here and verifiable on Robinhood Chain.