# 3. Radical transparency of reserves & returns

It is remarkable that, in a space underpinned by blockchain technology, which allows for ultimate transparency, we are still often unsure about what is happening under the hood of many protocols. We have all seen, and sometimes fallen prey to, protocols that may look credible at first glance but fall far short of delivering the returns or value promised. Too often, these protocols hide behind a veil of complexity and obfuscation, avoiding true transparency.

At <mark style="color:blue;">**Noon**</mark>, we knew that if we wanted to <mark style="color:orange;">ensure industry-leading outcomes for our users</mark>, we had to do something truly game-changing in the transparency space.

### The <mark style="color:blue;">Noon</mark> approach to transparency

We know that we have a tremendous protocol. We know the returns we are generating. We know that we are delivering on our promises to our users: to be the most intelligent (highest-yielding) and fair (highest-value-returning) yield-bearing stablecoin in web3. But we cannot expect everyone to just take our word for it.

This is why <mark style="color:blue;">**Noon**</mark> has adopted an industry-leading approach to transparency.

## <mark style="color:blue;">Noon</mark> **is web3's first stablecoin protocol to offer** <mark style="color:orange;">live, independent, real-time Proof of Solvency</mark>**.**

### What this means

* **Continuous Verification:** Through our partnership with Accountable, reserves and liabilities are published continuously, not quarterly.
* **Reliable Data Sources:** Accountable pulls balance data directly from our custodians and exchanges using zero-knowledge proofs, secure enclaves, and other cryptographic primitives. No need to rely on self-reported data.
* **Tamper-Proof Reporting:** <mark style="color:blue;">**Noon**</mark> cannot alter, delay, or access this data feed. The data is independently verified in real time.
* **Public Access:** The full reserve ratio, wallet balances, and vault composition are publicly visible at [noon.accountable.capital](https://noon.accountable.capital/). Partners, users, and regulators can verify solvency in seconds. Transparency is structural, not optional.

For the first time, this data is collected through both on-chain and off-chain sources, in a safe manner that does not expose <mark style="color:blue;">**Noon**</mark> to additional risks or attack vectors, all to ensure that you, our users, can feel secure trusting your funds with us. You can trust that <mark style="color:blue;">**Noon**</mark> is web3’s most intelligent, highest-through-cycle-yielding stablecoin. Not simply because we say it, but because you can see our reserves growing day after day.

## How it works

Accountable has deployed an instance of its data verification engine within <mark style="color:blue;">**Noon's**</mark> perimeter. This engine ingests information directly from <mark style="color:blue;">**Noon's**</mark> asset custodians and exchanges **without any interference or visibility permitted to&#x20;**<mark style="color:blue;">**Noon**</mark>. This ensures accurate, independent reporting to the public while protecting Noon’s perimeter and data integrity.

### Our wallets: On-chain collateral holdings

Below is a link to the wallets where you can see our on-chain collateral holdings.

{% content-ref url="/pages/HYf8weJTOVYv0m16x64r" %}
[Contracts and addresses](/additional-resources/contracts-and-addresses.md)
{% endcontent-ref %}

> ⚠️ **Note:** Users should never send assets to these addresses—they are where <mark style="color:blue;">**Noon**</mark> holds its collateral. Always verify addresses on-chain before sending any assets.

## Our wallets: On-chain returns reporting

On a daily basis, <mark style="color:blue;">**Noon's**</mark> returns are minted on-chain. These returns can be verified at the following address:

<table><thead><tr><th width="268.421875">Network: ETH</th><th>Address</th></tr></thead><tbody><tr><td><mark style="color:blue;"><strong>Noon</strong></mark> Staking Pool</td><td>Coming soon</td></tr></tbody></table>

### Where next?

We hope this step helps move our collective industry forward toward greater transparency for end-users. <mark style="color:blue;">**Noon**</mark> is far from the end of this journey. As we continue to improve and evolve our product, providing more value to our users, we will maintain the high standard of transparency we have set, ensuring that users always see the full, unfiltered picture.


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