verify_backing
Derive a token's backing ratio in asset units: divide reserves held by total supply, avoiding price oracles. Get a single-block snapshot verdict for on-chain verification.
Instructions
Re-derive a backing ratio = (reserve asset held across reserve_holders) / (token totalSupply), in ASSET UNITS — deliberately NOT converted to USD (that needs a price oracle = a lie surface). HONEST: it's a single snapshot (flash-loanable for one block); the verdict says so. Keyless on Base.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| chain | No | Chain (default 'base'). | base |
| token | Yes | The token whose backing you're verifying. | |
| api_key | Yes | Your metering key — any stable string identifying you; it tracks your free-tier calls and prepaid credit balance. | |
| reserve_asset | Yes | The reserve asset contract (e.g. USDC). | |
| token_decimals | No | Decimals of the token. | |
| reserve_holders | Yes | Addresses holding the reserves. | |
| reserve_decimals | No | Decimals of the reserve asset. |