DR is issued and circulating.
FALSE
DR is unissued. Supply = 0.
DR-POX-0.2 · PAPER · NOT AN ATTESTATION
WALLET BALANCE ≠ PROOF OF EXPOSURE
PAPER / RESEARCH. FAIL CLOSED. Overall state is INSUFFICIENT_EVIDENCE while DR is unissued. This page never emits a silent fully-backed attestation. Not an attestation. No reserve exists to attest.
PAPER · RESEARCH · FAIL CLOSED · STATE=INSUFFICIENT_EVIDENCE · NEVER_FULLY_BACKED_SILENT=TRUE · COMPLETE=FALSE · LIVE=FALSE · ISSUED=FALSE · CAPITAL=£0 · WALLET_IS_COMPLETE=FALSE
Allowed states: VERIFIED / PARTIALLY_VERIFIED / INSUFFICIENT_EVIDENCE / DISCREPANCY / HUMAN_REVIEW_REQUIRED. FULLY BACKED is not a state.
A wallet screenshot proves the reserve.
FALSE
Wallet balance is one input to asset proof. Completeness needs assets, liabilities, control, custody, encumbrances, valuation, and supply.
There is a live NAV.
UNAVAILABLE
No custody, no pricing policy, DDEI not live. Paper NAV in labs is simulation.
Outstanding DR is zero.
PASS_EMPTY
The only currently honest supply statement: nothing was minted. That is emptiness, not a funded reserve.
DR (or a former DUP) is DDEI-qualified because Duplios created DDEI.
FALSE
DDEI must not self-include. DR is never a constituent. DDEI is not a token.
Asset proof
UNAVAILABLE
No reserve wallets, no custodian statements, no Merkle tree of holdings, no attested balances.
Gap: Need independently retrievable asset list with amounts, venues, and as-of time. A screenshot of a wallet is not asset proof.
Liability proof
UNAVAILABLE
DR supply is zero because DR is unissued. There is no holder register, no outstanding units, no AP queue.
Gap: Need total DR outstanding, pending creations/redemptions, fees payable, and derivative liabilities if any.
Ownership / control
UNAVAILABLE
No trust, no SPV, no security interest, no signed proof-of-control messages.
Gap: Need legal title path: who can move the coins, and whether holders are beneficiaries or unsecured creditors. COUNSEL REQUIRED.
Custody
FAIL
No custodian appointed. No sub-custodian. No qualified-custodian opinion.
Gap: Need licensed custody (or an honest self-custody disclosure that is probably incompatible with institutional DR).
Encumbrances
INSUFFICIENT_EVIDENCE
Nothing to encumber because nothing is held. That is not a clean bill — it is an empty set.
Gap: Need liens, loans, rehypothecation, staking locks, and pending settlements disclosed. Absence of assets ≠ absence of claims.
Valuation
UNAVAILABLE
No NAV. DDEI is not live. No pricing policy, no stale-price rule, no fair-value hierarchy.
Gap: Need a documented valuation policy and an as-of NAV that reconciles to assets minus liabilities.
Total DR supply
PASS
Unissued. Supply = 0. On-chain supply = 0. Issuer register = 0. That identity currently holds because nothing was minted.
Gap: When issued: on-chain supply must equal issuer register must equal units used in NAV. Breaks are material.
Blockers: assetProof, liabilityProof, ownershipControl, custody, encumbrances, valuation. Lab detail: /lab/proof-of-reserve