Noon USNCollateral verification record
Verified by DefiLlama- Last verified
- Scope
- Full reserves
- Positions
- 15 across 7 wallets
- Protocol
- Noon
Verified collateralCollateral ratio101.02%
Private Credit (Fasanara FTAC) 63.40%Funding Rate Arbitrage Hyperliquid 25.29%CLOs 4.52%Stablecoins 2.80%DeFi Lending – Morpho Vaults 2.33%DeFi Lending – Euler Vaults 1.16%Redemption and US Treasury Bill Exposure (via Dinari USD+) 0.49%
USN outstanding
Verified collateral$39,669,495.10
Private Credit (Fasanara FTAC)1 wallet · Report of Nov 9, 2026$25,148,922.3863.40%
Funding Rate Arbitrage HyperliquidUSDC, HYPE · 1 wallet$10,034,294.3025.29%
CLOsJAAA.d · 1 wallet$1,794,671.884.52%
StablecoinsUSDC, USDT · 4 wallets$1,112,560.742.80%
DeFi Lending – Morpho VaultsbbqUSDC · 1 wallet$922,397.222.33%
DeFi Lending – Euler VaultseUSDC-70 · 1 wallet$461,696.351.16%
Redemption and US Treasury Bill Exposure (via Dinari USD+)2 wallets$194,952.220.49%
15 positions · 7 wallets
USN outstanding$39,270,233.92
Ethereum38,574,546.47 USN$38,574,546.4798.23%
Starknet682,769.30 USN$682,769.301.74%
Sophon and zkSync Era12,918.14 USN$12,918.140.03%
Staked in sUSN36,223,118.04 USN92.24%
A subset of the supply above, not an addition to it.
39,270,233.92 USN × $1.00
Overcollateralized by$399,261.18Collateral ratio101.02%
Every figure is a position DefiLlama verified. The register below shows when each one was last updated.
Maximum cover payout / largest individual covered exposure100.20%$924,254.88 / $922,397.22
Full cover exposure$1,848,509.76
Current covered exposure$1,384,093.58
DeFi Lending – Morpho Vaults 66.64%DeFi Lending – Euler Vaults 33.36%
Maximum cover payout$924,254.88
Nexus Mutual · Cover 56678 days left
Noon DeFi Deployment 2 · Generalized Fund Portfolio Cover
- Covered from
- Covered until
- Pays up to
- $924,254.88
- Held by
- Noon Operations0x533a…4686
Noon buys Nexus Mutual cover against specified losses on DeFi Lending - Morpho/Euler Vaults. Ownership, cover amounts and coverage dates are read from the Nexus Mutual contracts on Ethereum. Insurance is not collateral, so it is not counted in verified collateral above. A payout is subject to the cover terms and claim approval. Noon details this cover in its insurance documentation.
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| wallet | Asset | Strategy | Units × Price | = Verified value | Share | Last updated |
|---|---|---|---|---|---|---|
| Off-chain Private Credit - Fasanara FTAC | Private Credit (Fasanara FTAC) | Private Credit (Fasanara FTAC) | 25,148,922.38× $1.00 | $25,148,922.38 | 63.40% | Nov 9, 2026Valuation report |
| Noon Collateral 2 (Hyperliquid)0x4fd0…12da | HYPE | Funding Rate Arbitrage Hyperliquid | 113,445.02× $71.8692 | $8,153,204.34 | 20.55% | Nov 11, 2026 |
| Noon Collateral 2 (Hyperliquid)0x4fd0…12da | USDC | Funding Rate Arbitrage Hyperliquid | 1,881,647.17× $0.9997 | $1,881,089.96 | 4.74% | Nov 11, 2026 |
| Noon Collateral 20x4fd0…12da | JAAA.dContract0x52f8…30ce | CLOs | 35,506.42× $50.545 | $1,794,671.88 | 4.52% | Nov 11, 2026 |
| Noon Collateral 20x4fd0…12da | bbqUSDCContract0xbeef…f5bc | DeFi Lending – Morpho Vaults | 811,320.37× $1.1369 | $922,397.22 | 2.33% | Nov 11, 2026 |
| Noon Collateral 20x4fd0…12da | USDCContract0xa0b8…eb48 | Stablecoins | 757,036.82× $0.9997 | $756,812.64 | 1.91% | Nov 11, 2026 |
| Noon Collateral 20x4fd0…12da | eUSDC-70Contract0x9bd5…2cbb | DeFi Lending – Euler Vaults | 441,086.03× $1.0467 | $461,696.35 | 1.16% | Nov 11, 2026 |
| Noon Insurance Fund0x646d…9daa | USDCContract0xa0b8…eb48 | Stablecoins | 234,950.29× $0.9997 | $234,880.72 | 0.59% | Nov 11, 2026 |
| Noon Redeemer0xfed8…f14e | USDCContract0xa0b8…eb48 | Redemption | 184,859.17× $0.9997 | $184,804.43 | 0.47% | Nov 11, 2026 |
| Noon Operations0x533a…4686 | USDCContract0xa0b8…eb48 | Stablecoins | 76,654.71× $0.9997 | $76,632.01 | 0.19% | Nov 11, 2026 |
| Noon Operations0x533a…4686 | USDTContract0xdac1…1ec7 | Stablecoins | 31,103.65× $0.9988 | $31,065.71 | 0.08% | Nov 11, 2026 |
| Noon Collateral 20x4fd0…12da | USDTContract0xdac1…1ec7 | Stablecoins | 13,185.75× $0.9988 | $13,169.66 | 0.03% | Nov 11, 2026 |
| Noon Collateral 20x4fd0…12da | USD+Contract0xc9e3…350f | US Treasury Bill Exposure (via Dinari USD+) | 10,150.80× $0.9997 | $10,147.80 | 0.03% | Nov 11, 2026 |
| Noon Collateral 10x365b…d089 | USDCContract0xa0b8…eb48 | Stablecoins | 0.0006× $0.9997 | <$0.01 | <0.01% | Nov 11, 2026 |
| Noon Insurance Fund0x646d…9daa | USDTContract0xdac1…1ec7 | Stablecoins | 0.0001× $0.9988 | <$0.01 | <0.01% | Nov 11, 2026 |
| Total verified | $39,669,495.10 | 100.00% | ||||
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