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Buying and selling

The settlement asset depends on the token's backing:

  • USDC on HyperEVM for leveraged-token baskets.
  • USDG on Robinhood Chain for memecoin and tokenized-equity baskets.

The token page selects the correct chain and stablecoin for quotes and wallet actions.

Buying​

  1. Connect your wallet and select the token.
  2. Switch to the requested chain.
  3. Enter how much USDC or USDG you want to spend.
  4. Confirm. The curve mints tokens to you and sends the net stablecoin amount into the treasury.

Buy quotes include a supply-dependent premium over NAV per share. The premium changes how many tokens are minted; the invested stablecoin remains in the treasury, increasing NAV per share for existing holders.

Selling​

Selling burns your tokens and withdraws a pro-rata share of treasury value. There is no buy premium on exit. Trading is temporarily unavailable while a treasury rebalance is in flight.

Instant USDC vs in-kind​

For HyperEVM baskets, the treasury redeems your slice of each LT. Sometimes part of a basket cannot be converted to USDC immediately because an LT's redemption buffer is thin, paused, or below its minimum size.

The trade screen shows you how much is instantly available before you confirm. When instant USDC is limited you have two good options:

  • Receive in kind — take the part that cannot be cashed out as underlying leveraged tokens and redeem them yourself later. The configured protocol fee still applies to the transferred LT amount.
  • Sell a larger amount or wait — a larger leg can clear the minimum, and redemption capacity can recover over time.

Robinhood Chain baskets use their configured on-chain swap routes. Their quotes can move with pool liquidity, fees, and price impact.

warning

For a small or fully invested treasury, a small sell may return only a fraction in instant USDC. Always check the quote before confirming. Receiving in kind can preserve access to the unredeemed LT portion, subject to fees and the LT's own redemption conditions.

Slippage and confirmation​

Before confirmation, the app obtains an execution quote and applies a minimum-output check. If market conditions move beyond that floor, the transaction reverts instead of accepting a materially worse output.