Each eUSD by Softseco token will be backed by at least one US dollar of reserves. Here's how those reserves are designed to be split, where they will be invested, and how holders will be able to verify the backing daily, on-chain, once live.
The reserve model is constructed to balance three properties that are in natural tension: instant redemption liquidity, conservative credit profile, and operational yield sufficient to fund the protocol without extracting fees from users.
USDC held in a 2-of-3 Squads v4 multisig vault on Solana. Sized to absorb redemption demand substantially in excess of historical stablecoin run scenarios.
Tokenized US Treasury instruments and equivalent regulated short-duration RWA products with daily NAV redemption and institutional-grade custody.
Stablecoin lending on established protocols with conservative risk parameters. No directional crypto exposure — only stablecoin lending or fully hedged positions.
Once per 24-hour window — to be published at a randomized time, breaking the predictability that adversarial actors could exploit for time-correlation attacks.
Monthly attestation review and quarterly formal reports by a regulated audit firm, planned from mainnet. Reports will be published in machine-readable form for indexers and explorers via the SDK.
| Item | Status | Target |
|---|---|---|
| Softseco sp. z o.o. incorporation | Planned | 2026 |
| MiCA EMI pre-application with KNF | Development | 2027 |
| First smart contract audit | Development | 2027 |
| EMI authorization application | Compliance | 2028 |
| Comprehensive multi-firm audits | Compliance | 2028 |
| Mainnet beta launch | Mainnet Beta | Q1–Q2 2029 |
| Daily Proof-of-Reserves publication | At mainnet | Q1–Q2 2029 |