Protocol Mechanics

Protocol
Mechanics.

Real estate-linked value becomes on-chain dollars in 10 verifiable steps. Every step is public, audited, and immutable.

View Reserve Status Technical Docs
Minting Flow

10 steps from property
to on-chain dollar.

01
Discovery

Portfolio Assessment

An enterprise real estate portfolio reviews verified portfolio performance data and auditable metrics from underlying assets before minting.

02
Decision

Settlement intent recorded

The enterprise defines the USD-backed amount to settle on-chain and initiates the protocol workflow with the custodian.

03
Banking

USD Transferred to Custodian

The enterprise transfers the corresponding USD amount to a designated licensed custodian bank.

04
Oracle

Custodian Confirms Balance

The custodian bank's API confirms receipt of funds. Chainlink's Proof of Reserves oracle network polls this API across independent nodes.

05
Oracle

On-Chain Oracle Consensus

Independent Chainlink oracle nodes must reach consensus on the confirmed balance before the data is accepted on-chain.

06
Protocol

Settlement record registered

MintingEngine registers a settlement record on-chain. A challenge window begins for authorized oversight.

07
Protocol

Challenge Window Completion

Upon successful completion of the challenge window, the settlement record is verified for execution.

08
Blockchain

USDAO Minted 1:1

MintingEngine mints USDAO where the amount corresponds to the USD confirmed by the oracle network.

09
Blockchain

Protocol Processing

A protocol fee is applied for maintenance and treasury operations. The remaining tokens are sent to the enterprise wallet.

10
Holders

Holders Receive USDAO

The enterprise transfers USDAO to eligible recipients. Recipients can use the tokens for stable payments or redeem for USD.

The Guarantee

What makes this trustless?

⚙️

1:1 is enforced by code

The MintingEngine smart contract contains one absolute check: totalSupply() can never exceed custodianBalance(). This cannot be overridden by governance, by the RUIT Foundation, or by anyone. Ever.

🔗

Oracle requires consensus

5 independent Chainlink nodes must reach agreement. No single node can report a false balance. The 24-hour challenge window gives additional human oversight before any mint proceeds.

🔍

Everything is on-chain

Every registered settlement record, every mint, every redemption, every oracle report is a public blockchain event. Anyone can read the state of the protocol from any Ethereum node, without asking permission.

Redemption

Redeem for USD
Mechanisms.

The reserve structure is architected to allow redemption for USD cash assets held at licensed institutions.

1

Open USDAO App

Go to onvault.usdao.io. Available on web and mobile.

⏱ 10 seconds
2

Connect Your Wallet

Connect your Fireblocks wallet or any ERC-20 compatible wallet holding USDAO.

⏱ 30 seconds
3

Enter Redemption Amount

Enter any amount. There is no minimum or maximum. Your full balance is redeemable.

⏱ 20 seconds
4

Choose Destination

USD bank wire (1–3 business days) or USDC on-chain (~10 minutes).

⏱ 10 seconds
5

Confirm & Sign Transaction

Sign the transaction. USDAO tokens are burned on-chain immediately. This is irreversible.

⏱ 1–2 minutes
6

USD Disbursed by Custodian

Custodian bank processes USD disbursement to your verified bank account or USDC address.

⏱ 1–3 business days
Self-Sovereign Access
Redemption is available to verified holders. The protocol design minimizes reliance on intermediaries, ensuring that if you hold USDAO, you have a programmatic path to utility.

Ready to get started?

Open USDAO Reserve Status