CA
NAV-backed · Robinhood Chain · immutable policy

Net Asset Value,
quoted from both sides.

Every VAULT is backed by at least 1 USDG of risk-free treasury value. 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 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.
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.
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.