Accounting and Proof

The partner API is responsible for aggregating the vault’s backing state. Partners should not rebuild this with ad hoc browser RPC reads.

Core accounting equation

totalAssets =
  vaultBufferUSDC
+ strategyEvmUSDC
+ coreSpotUSDC
+ corePerpUSDC
+ hlpEquity
+ bridgeInFlightAssets
- knownLiabilities

Share price is derived from:

sharePrice = totalAssets / totalSupply

GET /api/v1/vault should be the source for proof and reconciliation display.

Bucket	Meaning	UI treatment
Vault buffer	USDC currently available for instant exits	Show as liquid buffer
Strategy EVM USDC	USDC in the strategy contract on HyperEVM	Count as backing
Core spot	Funds routed to Core spot state	Count as strategy backing
Core perp	Funds in Core perp state while routing or unwinding	Count as strategy backing
HLP equity	Strategy value deployed to HLP	Count as yield-bearing backing
Bridge in-flight	Value currently crossing environments	Count only if API marks it tracked
Liabilities	Shares or redeem claims outstanding	Show in proof reconciliation

Partner apps should display proof as healthy only when the API reports a zero or acceptable reconciliation diff.

const vault = await shlp.getVault();

if (vault.proof.reconciliationDiff.raw !== "0") {
  showProofWarning(vault.proof);
}

Do not show share price from:

Mature yield products separate headline yield, current liquidity, proof of backing, and user position. Signalite should do the same.