cbBTC
₿0.0000
0.000% of cbBTC on Robinhood Chain
Bitcoin held by the treasury contract. It starts at zero and grows with the 3% paid by every trade and with what the engine sells; it shrinks when the engine buys the coin back.
Treasury ($)
$0
+$0.00 since launch
The same bitcoin in dollars, at the current price. The change is since launch.
Target ($)
$42
deficit ₿0.0005 to the target
1% of market cap: the number the engine chases and the floor it never spends below. Above it there is an excess to spend, below it a gap to fill.
mNAV
∞
band at 100x
Market cap divided by the treasury. At 100 the treasury is exactly 1% of the coin. Above 100 the contract sells, below 100 it buys the coin back.
STR Price
$4.22
5,284 sats per 1M STR
Spot price of one million STR in the pool, in dollars and in satoshis.
Market Cap ($)
$4,215
₿0.0528
Pool price times the coins outside the contract. The inventory the contract holds is treasury stock: it counts once it has been sold, not before.
Supply
1.000B
STR at launch
Fixed at one billion. Nothing is ever minted and nothing is ever burned.
Inventory
200.00M
20.0% of the supply
STR held by the contract: the 20% bought at launch, minus what it has sold above the band, plus everything it has bought back below it. The only coins the engine can ever sell.
Sold ($)
$0
₿0.0000
Bitcoin taken in by selling inventory above the band, since launch.
Bought ($)
$0
₿0.0000
Bitcoin spent buying the coin back below the band, since launch. What it bought went into the inventory.
Fees Collected ($)
$0
₿0.0000
The 3% paid to the contract by every trade, buy and sell alike.
Engine
Selling
sells 10.0% of the next buying
What the engine would do next: sell inventory above the band, buy the coin back below it, nothing in between or when the amount would be dust.
Selling Quota
10.0%
of the buying flow
Share of the buying flow the contract sells into right now: nothing at mNAV 100, the full 10% from 120 up. Never more than the gap to the target.
Buying Cap
10%
of the selling flow
Below the band the contract spends at most 10% of the selling flow, 5% of the treasury per action, and only the excess above the target.
Bitcoin
$79,779
24h change unavailable
Price of cbBTC, the wrapped bitcoin the treasury holds. Change over 24 hours, from CoinGecko.
Floor
1%
of market cap, never spent below
The treasury is never spent below 1% of market cap. There is no initial treasury: it starts at zero and is built by the fees and by selling.
Days Live
Days since the launch. Nothing about the contract has changed since, because nothing can.
Fee
3%
of every trade, to the treasury
Charged on buys and on sells alike, and paid to the contract. It is the treasury's only income.
Launchpad
Pons v2
cbBTC side
The pool belongs to the launchpad. The contract trades against it like anybody else, under rules it cannot change.