Limits

Assay is careful about what it claims. Here is what it can’t do.

It checks what is claimed, not what exists

Assay reads reports. It can’t open a bank account or count bonds. A report can be wrong, and a signed report is only as good as its signer. A signature tells you who said it, not that it is true.

It is not an audit, a rating or advice

There are no grades, rankings or “good/bad” colours. Figures are shown as stated by issuers or attestors, with the source and the time Assay checked. Nothing on the board or in these docs is investment advice.

Dates and ledger times differ

A report’s figures are true for one date; supply on Stellar can change every few seconds. Assay shows both times and never treats them as the same moment.

The board checks once a week

A link can fail for an hour and work later. The board records what it saw at the time of the census, with the time. Holder counts come from a third party (stellar.expert) and carry the time they were fetched.

Missing means unknown

When a figure isn’t published in a form a computer can read, the board shows unknown. It never estimates or fills in a number.

Where the project stands (14 October 2026)

Part	Status
Board	Live on Stellar mainnet data, weekly census
Registry, guard, demo pool	Testnet only. Not audited.
Reserve report format	Draft, not yet a Stellar standard
assay command-line tool	Placeholder; the scripts in the core repo do the work today
Attestor timelock, issuer claims, independent vs issuer attestors	Planned for T2

The demo pool exists only to show the guard. It has no interest, no liquidation and fixed prices, and must never be deployed to mainnet.

The full list is on the board’s method page and in the architecture.