> For the complete documentation index, see [llms.txt](https://docs.realfi.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.realfi.co/glass-box-approach/overview.md).

# Overview

A transparent, multi-layered risk management architecture designed to ensure protocol resilience and USDrf peg stability.

RealFi operates as a "glass-box system," a framework of multilayered transparency designed to provide clear visibility into the protocol's overall health and operations.

Rather than functioning as a black box, RealFi's Transparency Portal allows participants to actively monitor the key metrics supporting the ecosystem, including:

1. **USDrf circulation:**

   Live display of the total USDrf stablecoin supply in circulation.
2. **Reserve backing:**

   Mark-to-market valuations of the real-world assets and near-cash instruments backing the protocol.
3. **Collateralization ratios:**

   Clear visibility into the asset coverage ratios protecting the USDrf peg.
4. **Liquidity coverage:**

   Clear visibility into the liquid reserves and coverage ratios supporting USDrf redemptions.
5. **Return performance**

   Time-series data tracking the returns generated by the underlying portfolio.