No programs are deployed yet. Every coin, price, reserve balance and yield figure below is invented placeholder data. Nothing here is on chain, and nothing here is tradeable.
Every trade pays 30 bps into the coin's own reserve. The reserve buys yield-bearing assets, and 80% of what it earns raises a price the curve will always buy back at. You do not claim it. You just hold the coin.
Every trade pays the same 30 bps, and it travels the same five hops to reach a holder. Nobody takes custody along the way, and every figure below is read on-chain.
Every buy and sell runs against the USDC-quoted bonding curve and pays a flat fee of 30 basis points.
The fee routes straight into that coin's own reserve vault. Nobody takes custody along the way.
A keeper converts pooled USDC into the coin's yield asset. The instruction is open to any caller.
The reserve holds a Treasury-backed note or a money-market receipt. The coin page always names which.
80% of the accrual raises the price the curve will always buy back at, for every holder.
Trading fees stop being someone's revenue and become a reserve the holders own, in an asset class you can look up.
The curve is quoted in USDC and pays 30 bps of every buy and sell into the coin's reserve. There is no creator fee. That field is the treasury, written at mint time and impossible to reassign afterwards.
Either a tokenized note collateralised by short-duration US Treasuries and bank demand deposits, or a permissionless money-market receipt. Which one is named on the coin's page and cannot change without a public timelock.
The asset accrues by NAV appreciation rather than rebasing, so the reserve compounds on its own schedule. No claiming, no distribution, and no counterparty to chase.
Each coin is credited with its share of the reserve, and 80% of the yield is attributed to the people holding the coin. It arrives as a rising floor price, without anyone signing a redemption or filling in a form.