SacredETH bucket, term mode

Preview. The contracts are not deployed yet, so the figures below are sample values and transactions are switched off. Quotes use the real arithmetic.

Buy ETH now, pay the rest later

ETH at 2,493.67 USDC
Leverage
Term
The vault buys ETH for
2,000.00
At 2,493.67, that is
0.8020 ETH
Your down payment
1,000.00
The vault finances
1,000.00
Markup, fixed once at 10% a year
3.84
You owe in 14 days
1,003.84

The markup is the only charge and it never grows. Leave early and you pay only for the days used. If the ticket ends in profit you keep 70% and 30% goes to the backstop fund. A price drop never closes your position before the due date.

Opening tickets switches on once the contracts are deployed.

Your tickets

Sample tickets
  • Ticket 41Live, due 19 Oct
    ETH
    0.8268
    To settle today
    1,001.37
    Worth now
    2,061.85
    You would get
    1,042.33
  • Ticket 38Live, due 14 Oct
    ETH
    1.4600
    To settle today
    1,251.03
    Worth now
    3,640.78
    You would get
    2,389.75
  • Ticket 27Closed, was due 5 Oct
    ETH
    0.4051

Earn

ETH bucket
In the bucket
812,400.00 USDC
Financed
78.29%
Loss reserve
6,118.52 USDC
Share price
1.004213
Next cut-off
16 Oct, 00:00 UTC
Your shares
0.00

Deposits and withdrawals are processed once a week at the cut-off. Nothing is promised: yield comes from the markup traders pay, and losses fall on the bucket.

Queued deposit: 0.00 USDC. Queued withdrawal: 0.00 shares.

Deposits switch on once the contracts are deployed.

Stake SCR

Backstop fund
Staked in the fund
12,500,000 SCR
USDC it can pay
48,212.30 USDC
Your stake
0 SCR
USDC earned
0.00
Your SCR
0

Stakers stand behind shortfalls. After a bucket's loss reserve and the fund's USDC, staked SCR is sold, up to 30% at a time. In return, 65% of traders' profit share streams to stakers in USDC over 90 days. No emissions, no rebase. Nothing is promised.

Leaving takes a 14 day cooldown, then a 7 day window to take your SCR out.

Staking switches on once the contracts are deployed.

Buy SCR from the reserve

Open
Price per SCR
0.1120 USDC
Pool average
0.1167 USDC
Reserve value per SCR
0.0410 USDC
Reserve
381,400 of 812,400 USDC
Left this week
500,000 SCR

The price is the higher of the pool's average less a discount and the reserve's value per SCR, so a sale never lowers that value. Every USDC goes to the liquidity reserve, which steps into a bucket that is short of cash for its withdrawals. Sales are open only while the reserve is below its target. Bought SCR arrives staked, with the fund's cooldown.

You pay, at most 1% above today's price
0.00 USDC
You receive, staked in the backstop fund
0 SCR
The sale switches on once the contracts are deployed.