v1.1.0 – NADD v4 Upgrade & ReserveRegistry Integration
Release Date: 2025-12-26
Overview
This release introduces the NADD v4 upgrade with a hybrid reserve model and full integration with the external ReserveRegistry, while preserving all existing token balances and mechanics.
It also adds the NADDReserveVerifier for independent, read-only compliance verification and includes ASCII diagrams illustrating token, registry, and governance flows.
Full technical details are available in the NADD ReserveRegistry Technical Summary.
Key Features
Hybrid Reserve Model:
40% on-chain assets
60% off-chain fiat-backed reserves
ReserveRegistry Integration:
Proxy: 0xb1b48E34d95e5f7CE9F1D6c8aD43B59946530a28
Implementation: 0xbF1d0FF46DE616Ce54fc9e994FB00eace8933B02
Governance-controlled setReserveRegistry call links NADD to its reserves
NADDReserveVerifier:
Read-only contract for independent compliance verification
Ensures transparency without modifying NADD state
Appendix C ASCII Diagrams:
NADD → ReserveRegistry → NADDReserveVerifier flow
Governance update flow
Non-technical explanatory notes:
Added to assist understanding for non-specialist reviewers
Deployment & Upgrade Notes
NADD token balances, allowances, and mint logic remain unchanged.
Upgrade executed via UUPS proxy, no initializers triggered.
Compliance test shows correct linkage; fiat reserves are operationally pending.
CHANGELOG Highlights
NADD v4 upgrade and hybrid reserve model introduced.
ReserveRegistry linked with governance-controlled procedure.
NADDReserveVerifier deployed for independent compliance verification.
Documentation and diagrams added for audit and regulatory purposes.
Full technical reference: NADD ReserveRegistry Technical Summary