Issue your community’s own dollar.
For memecoins, apps, DAOs and creators: a dollar under your own name, minted and redeemed 1:1 with USDC, standing on one shared reserve of USDC and tokenized Treasuries whose yield goes where you route it.
How it works
Issue
You sign once with a name, a ticker, a logo and a route. Your Scrip's tower rises out of the tank every other Scrip stands on.
Mint
USDC goes in and your Scrip comes out, dollar for dollar; redeeming pays it back at par from the reserve's USDC buffer. Your tower widens to hold it; its level stays put.
Accrue
The tank's USDC and tokenized Treasuries earn, so the reserve grows past the Scrip it backs and the level climbs the same height in every tower. Wider towers hold more of the surplus.
Harvest
At harvest the surplus pours out at par, and each Scrip's share runs off down the route its issuer picked.
Issue
You sign once with a name, a ticker, a logo and a route. Your Scrip's tower rises out of the tank every other Scrip stands on.
Mint
USDC goes in and your Scrip comes out, dollar for dollar; redeeming pays it back at par from the reserve's USDC buffer. Your tower widens to hold it; its level stays put.
Accrue
The tank's USDC and tokenized Treasuries earn, so the reserve grows past the Scrip it backs and the level climbs the same height in every tower. Wider towers hold more of the surplus.
Harvest
At harvest the surplus pours out at par, and each Scrip's share runs off down the route its issuer picked.
Any Scrip converts to any other at par.
Swap the Scrip you hold for another and the amount arrives unchanged: yours is burned, the new one minted, both standing on the same tank.
- Rate
- 1:1
- Price impact
- 0.00%
- Pool
- None
- You receive
- 1,000.00 NIGHTUSD
One reserve under every Scrip.
Whatever name a Scrip carries, the dollars behind it sit here, in the same tank as every other Scrip’s.
USDC buffer
Kept liquid so redemptions are paid on the spot, at the target share the keeper holds it to.
Tokenized Treasuries
The rest sits in tokenized Treasury products such as USDY, where it earns. When redemptions draw the buffer down, the keeper refills it from here.
USDC buffer
Kept liquid so redemptions are paid on the spot, at the target share the keeper holds it to.
Tokenized Treasuries
The rest sits in tokenized Treasury products such as USDY, where it earns. When redemptions draw the buffer down, the keeper refills it from here.
Route the yield.
Pick where each harvest goes when you issue: one of three routes, or a mix of them.
- Buyback 50%$100,000 a yearYour token, bought on Jupiter with each harvest, then burned or sent to an address you name.
- Holders 25%+1.00% a year on every balanceBalances grow where they sit: each harvest raises the Scrip's Scaled UI Amount, and redeeming pays out the larger figure.
- Treasury 25%$50,000 a yearUSDC, straight to your treasury.
Sample inputs; set your own.
$SCRIP
- Supply
- 1,000,000,000, fixed
- Launch
- 100% public, on the same terms for everyone. No presale, team, investor or airdrop allocation, nothing set aside, no vesting.
- Protocol fee
- A fixed share of every harvest, paid in USDC. All of it buys $SCRIP on the market, and what it buys is burned.
- Apart from Buyback
- The issuer’s choice for a Scrip: it buys that community’s own token. The protocol fee comes off before any route and never joins it.
Issue a Scrip.
A name, a ticker, a logo and a route. Sign once and everything on the receipt exists, with a public page for your Scrip and a mint button on it.
- Scrip accountname, ticker, route, issuer authority
- Token-2022 mintYOURUSD
- RouteSplit
- Public pagesupply, reserve, yield routed, buyback log, mint button