The meme coin
backed by Treasuries.
Every trade pays 1.5% in USD1. Half buys US Treasuries that back the coin. Half is paid to holders every 40 minutes.
Live from the vault
next payout --:--
US Treasuries held
$385
Paid to holders
$383
This period's coupon
$382.53
Floor per token
$0.000000729
CA 0x81C53c6400695750734646215F3465B1707d7777
50 / 50
Treasuries / coupons
40 min
coupon cadence
1.5%
tax, in USD1
0
owners, forever
The idea
Half of every tax
becomes a Treasury bill.
The vault converts its half into cUSDO, tokenized short-term US Treasuries, and keeps it. Nobody can withdraw it. The only way value leaves is when a holder burns tokens and takes their share. The other half is paid out as a coupon, in USD1, every 40 minutes.
Tax flows in, by itself.
Flap collects 1.5% on every buy and sell and sends it to the vault contract. No treasurer, no multisig. The vault splits it the moment it arrives.
Buy 400 USD1 → $TREASURY
+6 USD1 tax · straight to the vault
Sell $TREASURY → 180 USD1
+2.7 USD1 tax · straight to the vault
Buy 1,200 USD1 → $TREASURY
+18 USD1 tax · straight to the vault
Holders get paid, pro-rata.
The coupon pot goes out in USD1 to every registered holder, weighted by balance. Straight to your wallet, every 40 minutes. Just hold.
Coupon #142
40 USD1 · 312 holders
0x7f3a…9c2e
0xb41d…44d1
0x08aa…d2f0
Don't trust us. Read the chain.
Two contracts, deployed once, with no owner, no upgrade path and no pause button. Burn tokens and take your share of the Treasuries. That is the floor under the price.
How it works
Three things you can do. Nothing you have to.
Step 1 of 3
Buy and hold
Buy $TREASURY on Flap with USD1. The 1.5% tax goes straight to the vault contract, no wallet in between. Your balance is registered for coupons automatically and counts from the next period.
The ledger
The floor,
read from the chain.
Treasuries divided by circulating supply is what one token redeems for. It cannot go down from someone redeeming, and it goes up with every trade and every day of yield.
The vault
US Treasuries held
$385
Coupons funded
$383
This period's coupon
$382.53
Next payout in
-
Book value per token
$0.000000729
what burning one token returns in Treasuries. The floor.
Registered for coupons
0.0%
0 of 524.2M circulating tokens
Burned for Treasuries
25M
2.50% of total supply, gone forever
In cUSDO
25.81
+ $355.03 waiting for a fair price
Your position
Your coupons. Your floor.
Connect to see your coupons and what your tokens redeem for. Everything here is optional; the keeper does it for you.
Coupons
Paid in USD1 at the end of every period, by balance, to everyone still holding.
Redeem for Treasuries
Burn tokens and receive your exact share of the cUSDO in the vault. No tax, no slippage. Claim first: redeeming lowers your balance and forfeits unpaid coupons.
Connect a wallet to redeem.
Locked at launch
What you read is what it does.
50% of every tax buys Treasuries. 50% is paid to holders. 40 minutes, forever. Nobody can change it, including us.
The vault is open.
A meme coin with a floor. Buy, hold, get paid in USD1. Or burn and take your share of the Treasuries.