USDG
You receive
0.00 NET
1 NET = 600.51 USDG · 632.11 USDG all-in with the levy
What the 5% levy pays for
Every exchange trade in NET pays a 5% trading levy. It funds the reserve that backs each NET, and early on a decaying share goes to the team; within 30 days of launch the whole levy goes to the reserve, permanently. Wallet-to-wallet transfers are exempt. Subscribing to a bond settles off-exchange and pays no levy, which is most of why a bond beats the exchange.
All metrics
- Reserve portfolio (RFV)
- 19,326,110 USDG
- Liquid USDG, the Morpho position after its haircut, and protocol-owned liquidity.
- Supply
- 110,868 NET
- Shares outstanding, including staked and vesting NET.
- Backing per NET
- 174.32 USDG
- Reserve value standing behind each NET. The floor is 1 USDG.
- Premium
- 3.44×
- Market price over backing per NET. The distribution rate follows it.
- Trading levy split
- 0.00% / 5.00%
- Team / reserve shares of the 5% levy. The team share decays to zero.
- Distribution index
- 3.64
- Cumulative growth of one staked NET since inception.
- Staked share
- 91.8%
- Share of supply currently staked.
- Annualized rate
- 13,551.66%
- The 8-hour rate compounded over a year. An upper bound: the rate re-throttles every epoch, so this figure will not hold.