CA
NAV-backed · Robinhood Chain · immutable policy

Net Asset Value,
quoted from both sides.

Every VAULT is backed by the protocol's risk-free treasury reserves. Dividends scale with the premium the market pays over NAV — rich when the fund trades high, silent when it doesn't. This is the whole policy, and it cannot be changed.
Dividend Yield (APY)
—
compounded every 8h · premium-driven
NAV (backing)
risk-free floor · —
Market Price
—
premium — over NAV
Next Distribution
—
epoch —
The Dividend Curve
rate = R_MAX × clamp((P − 1) / (K − 1), 0, 1). Zero at NAV, saturating at the premium K. The dot is the fund right now.
R_MAX 0.45% / epochLive index —
Fund Facts
Treasury (risk-free)—
Total supply—
Market cap—
Enrolled (staked)—
Buyback bid—
The Floor
high-water NAV. It ratchets up as bonds and buys grow the treasury — and it has never fallen.
FLOOR · NEVER FALLEN
—
Times raised
—
the floor only goes up
Backing added
—
into the treasury
Last raise
—
ago
Drawdowns
0
the floor has never fallen
The Reserve Book
the treasury is held as tokenized real-world assets on Robinhood Chain — earning real yield that compounds the floor.
BLENDED REAL YIELD
—
Backed by tokenized US equities, an S&P 500 ETF, short-term T-Bills and USDG.RWA value —
The Ticker Tape
every action on the fund, live.
Quiet on the desk.
Direct Purchase Plan
Buy VAULT with USDG at the exchange route, less the trading tax. Proceeds and a slice of the tax accrue to the treasury.
USDG
1 VAULT = — USDG—
You receive— VAULT
Dividend Program — Enroll & Earn
Enroll VAULT to receive sVAULT. Every distribution compounds into your balance automatically — nothing to claim. Redemption is 1:1 and immediate.
MAX
Enrolled becomes sVAULT and accrues every epoch. No maximum.
Treasury wallet—
The Seniority Ladder
the longer you stay enrolled, the bigger your dividend multiplier — up to 2×. Redeeming resets your rank.
—
—
——
Your Statement
USDG balance—
VAULT (unenrolled)—
sVAULT (enrolled)—
Next distribution—
Loopback loan—
Real World Bonds — Equity Bond Desk
Subscribe in USDG for VAULT notes priced at a discount to the exchange route, floored at NAV so every sale is accretive. Notes vest over 2 days.
USDG
—Bond price —
You receive— VAULT
Your Notes
No vesting notes.
The Credit Desk
Borrow USDG against your enrolled sVAULT — liquidity without selling. Your stake keeps compounding the whole time. Borrow up to 50% of collateral; repay anytime.
USDG
— available— APR
no loan — full headroom
Your Position
Collateral (sVAULT value)—
Available to borrow—
Outstanding loan—
Loan-to-value—
Still earningthe full dividend
Your collateral keeps earning the boosted dividend while borrowed. Keep your LTV below the 75% liquidation line. Not financial advice.
Loopback — Lombard Credit Facility
Borrow USDG against your enrolled sVAULT, buy more VAULT, and enroll it — a leverage loop in one transaction. Borrow up to 50% of collateral value.
USDG
— available— APR
no loan — full headroom
Effective Yield Simulator
Compounding the dividend through the loop, net of borrow cost.
Leverage
—
exposure per unit equity
Effective APY
—
net of borrow cost
Leverage magnifies both the dividend and the loss if the premium collapses toward NAV. Manage your headroom. Not financial advice.