Metal — On-Chain Treasury & System State
This page provides read-only transparency into the Metal protocol: contract addresses, custody structure, and verifiable system state.
All information displayed here is derived directly from on-chain data.
System Summary
Metal is a vault-based on-chain system operating within the SBELM framework. Asset custody, token supply, and user interactions are governed exclusively by smart contracts.
- 1:1 mint and redeem logic
- No discretionary control over funds
- All balances and flows are publicly verifiable
Contract Addresses (Sepolia)
0x2B2320CCD1B5f0A0aF700A331A37Ef9c58e33bc80x1cA4762c2822A9Fc32461B8E823cBdAc911d68F50x54C76e5BEc11A950A8932753e253D71ba72e02BfCustody Model
Assets backing the Metal system are held in a dedicated Treasury contract. Withdrawals are only possible through the authorized Vault Core.
The Treasury core reference is locked after initialization, preventing governance or upgrade-based fund extraction.
Independent Verification
Anyone can verify Metal balances, token supply, and treasury holdings using standard blockchain explorers.
The SBELM frontend uses the same ABI definitions and addresses shown here, ensuring no hidden logic or off-chain discrepancies.