# Steps to Verify TA-USDT

Due to inherent constraints, real-time bridging and on-demand minting of Taproot Assets are not possible. As a result, we have pre-minted 1,000,000 TA-USDT.

The LN Bridge ensures that the amount of TA-USDT in circulation (i.e., usable or tradable on Lnfi) is always equivalent to or less than the reserve balance of ERC-20 USDT, maintaining at least a 1:1 reserve backing.

{% hint style="success" %}
All information is publicly available, allowing anyone to verify and track it in real-time.
{% endhint %}

***

### Here are the steps a user can undertake to verify

#### **Step 1**

Users can validate the total on-chain balance of ERC-20 USDT, consisting of the Bridged amount and Staking rewards via:

{% code title="Staking Contract Address" %}

```
0xbd3cDE46F73F771eEE99cc0fB13e595E7b608efB
```

{% endcode %}

#### **Step 2**

Users can validate the amount of pre-minted TA-USDT by Lnfi on the following:

<https://terminal.lightning.engineering/assets/>\
Asset ID: 0f929c417705fd4ad6fda742e107809367c7f5f10135cc6c5302bde3cb5982f1

<figure><img src="https://234049135-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtqpzBLUkh19rkHwMxgKf%2Fuploads%2FKRsBk5PwsuCPeod16BEW%2Fimage.png?alt=media&#x26;token=cc029f9d-705a-4aad-bb89-64aa5d1efd46" alt=""><figcaption></figcaption></figure>

{% hint style="warning" %} <mark style="color:red;">The deployment has 2 decimals, hence displayed as 100,000,000</mark>
{% endhint %}

#### **Step 3**

Users can check the amount of TA-USDT not in circulation, by using Lnfi Explorer > Holding List&#x20;

{% code title="Lnfi Explorer URL" overflow="wrap" %}

```
https://mainnet.lnfi.network/#/explore/holding-list
```

{% endcode %}

On the Explorer Assets filter, select \[USDT].

<figure><img src="https://234049135-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtqpzBLUkh19rkHwMxgKf%2Fuploads%2FHknp0meFlDlhUFqm03Jb%2Fimage.png?alt=media&#x26;token=009e4aa3-721c-4426-80c5-0dfa0b911c17" alt=""><figcaption></figcaption></figure>

and search for this Nostr Address

{% code overflow="wrap" %}

```
npub19qfwjn7f2vtgvrcn06apyj5kass2huunalcwewdxjzcx5zupcjkqp7pnz5
```

{% endcode %}

#### **Step 4**

The TA-USDT in circulation can be calculated as the sum of the balances across all other Nostr addresses (excluding npub19qfwjn7f2vtgvrcn06apyj5kass2huunalcwewdxjzcx5zupcjkqp7pnz5) listed on the Lnfi Explorer > Holding List.

#### **Step 5**

The reserve balance of ERC-20 USDT and the circulating TA-USDT are displayed on our LN Bridge page, making it easy for users to track.

{% code title="LN Bridge URL" overflow="wrap" %}

```
https://mainnet.lnfi.network/#/bridge
```

{% endcode %}

***

## Important Note

(i) The reserve balance of ERC-20 USDT will always be greater than or equal to the amount of circulating TA-USDT.

(ii) We will perform regular rebalancing to distribute the accrued Staking Rewards from the Nostr address holding the TA-USDT that is not in circulation to current holders of TA-USDT who are entitled to these rewards. After rebalancing, the reserve balance of ERC-20 USDT will be adjusted to match the amount of circulating TA-USDT.