# Transparency and Information Disclosure (POR ↔ NAV) #### **POR (Proof of Reserve)** * Establishes a verifiable linkage between “issued shares ↔ underlying reserves.” * Issued by an independent party/system at agreed intervals; core points are recorded on-chain for proof. #### **NAV (Net Asset Value)** * Calculated and published according to the product’s disclosed methodology and frequency, serving as the basis for subscription/redemption and performance benchmarking. * Public disclosure of valuation methods, fees, and rules for handling valuation anomalies. #### **Disclosure Center** * Centralized presentation of legal/compliance documents, custody highlights, audit summaries, POR reports, NAV methodology and frequency, significant announcements, and fee standards with examples. * All updates are timestamped and versioned. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.cyclex.cc/transparency-and-information-disclosure-por-nav.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.