> For the complete documentation index, see [llms.txt](https://docs.infrastructure.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.infrastructure.finance/usd.infra-vault/transparency-and-reporting.md).

# Transparency and Reporting

## **Deal Explorer**

The Deal Explorer functions as the truth layer for the USD.infra Vault, giving users on-chain transparency and visibility into:

* Which SPVs + Vaults capital is deployed to.
* Deal type + deployment status.
* Revenue pool inflows and yield distributions.
* Current exchange rate / yield metrics and historical performance.

## **Reserves and Reporting**

USD.infra Vault reporting covers:

* USD.infra reserves: evidence that USD.infra issuance is supported by stablecoin backing in the capital entry flow (1:1 mint path).
* Vault-level reporting: assets held, deployed amounts, cash balances, accrued vs distributed yield, and fee deductions.
* SPV + deal reporting: high-level performance indicators and cashflow tracking consistent with institutional-quality reporting standards.<br>

See [Proof of Reserves](/usd.infra-vault/proof-of-reserves.md) for more information.