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ckSHIB reserves Fully backed

Backed by SHIB (ERC-20) held by the minter on Ethereum.
100.019%
reconciled backing
Every ckSHIB is backed: net reserves are 100.019% of supply after setting aside 0 owed to withdrawals in flight. The surplus of 10100 is fees the minter has accumulated. One native-chain source confirms the minter's figure, a second was not reachable.
Supply on IC
54,065,921.853811
fxffn-xiaaa-aaaar-qagoa-cai icrc1_total_supply
Minter reserves
54,076,021.853811
first party: the minter's own accounting
Native chain
54,076,125.095665
one source answered
Withdrawals in flight
0
0 requests, burned on the IC, native funds not yet final
Deposits awaiting mint
0
Raw ratio
100.019%
reserves over supply, no adjustments
Tolerance
0.10%
from this asset's own run-to-run noise, ceiling 1%
Checked

Reconciliation

LineAmountTrustNote
ckSHIB supply on the IC54,065,921.853811first-partyicrc1_total_supply of the ledger canister
+Reserves, minter's own accounting54,076,021.853811first-partyreported by the minter canister, which holds the threshold key
Reserves seen on the native chain54,076,125.095665third-partyone source only
-Withdrawals in flight0first-partyalready burned on the IC, native payout not sent or not final yet: these funds belong to the withdrawers
-Deposits awaiting mint0first-partyseen by the minter on the native chain, tokens not minted yet
Net reserves backing the supply54,076,021.853811derivedreserves minus withdrawals in flight minus deposits awaiting mint
Surplus over supply10,100derivednet reserves minus supply
Fees held by the minterunknownfirst-partythis minter does not publish a fee total: its surplus is accumulated fees, which we cannot itemize

Native sources

SourceReadingBlockCoverageNote
publicnode54,076,125.09566526037011complete
llamarpcfailed26037011completeError: llamarpc 525
Minter itself54,076,021.853811completeckETH minter get_minter_info and /dashboard (NNS-controlled canister)

Over time

Reconciled backing ratio

ckSHIB supply

Minter reserves

Supply change per interval (mints minus burns)

Canisters behind it

CanisterRoleCyclesRunwayHealth
ckETH Mintersv3dd-oaaaa-aaaar-qacoa-caiMinter404.6 T~42 dAt risk
ckSHIB Ledgerfxffn-xiaaa-aaaar-qagoa-caiLedger76.74 T~366 dHealthy

A minter running low on cycles is a reserve risk too: it holds the threshold key that moves the native funds. Lifeline alerts cover both canisters, and any controller or code change on them.

Native addresses

Minter address (threshold ECDSA)

0xb25eA1D493B49a1DeD42aC5B1208cC618f9A9B80

ERC-20 deposit helper contract

0x6abDA0438307733FC299e9C229FD3cc074bD8cC0

SHIB token contract

0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE

last observed block
26036928
last eth scraped block
26036928
last erc20 scraped block
26036928
pending in count
0

How to verify this yourself

  1. Read the supply on the IC: call icrc1_total_supply on the ledger fxffn-xiaaa-aaaar-qagoa-cai (any IC client, or the dashboard link above).
  2. Read what the minter says it holds: open the minter's own dashboard at https://sv3dd-oaaaa-aaaar-qacoa-cai.raw.icp0.io/dashboard. The minter is an NNS-controlled canister; its code is public and its upgrades are voted on.
  3. Check the native chain: look up the addresses above on any explorer. The minter address holds the ETH and every ERC-20 balance; the helper contracts forward deposits to it.
  4. Subtract withdrawals in flight (burned on the IC, funds not yet final on the native chain) and compare with the supply. That is the reconciled ratio above.