Net Reserve
The net economic value of reserve assets after liabilities, recognized costs, and obligations.
What is it?
Net Reserve is the net economic value held by a token-specific reserve after assets, liabilities, accrued costs, and recognized obligations.
Why does it exist?
It is the cleanest measure of actual reserve capital. Gross Exposure can be larger, but borrowed or synthetic capacity is not additional backing.
How does it work economically?
Net Reserve equals marked reserve assets minus reserve liabilities and recognized costs under the published methodology.
What does the user see?
Net Reserve appears beside Gross Exposure and Reserve Leverage, never replaced by the larger exposure figure.
What can go wrong?
Valuation delay, illiquid assets, oracle error, venue restrictions, or unrecognized liabilities can overstate reported value.
Metrics that prove it
Reserve AssetsDefinition, source, and current value.—
Reserve LiabilitiesDefinition, source, and current value.—
Accrued CostsDefinition, source, and current value.—
Net ReserveDefinition, source, and current value.—
Valuation TimestampDefinition, source, and current value.—