Mint and redeem
Turn a stock into its partials. Or back.
Deposit one GOOG token and mint the complete set of Alphabet partials. Gather the set and redeem it for the token. Permissionless, 1:1.
Devnet
You depositConnect a wallet to see balances
$GOOGTokenized stockYou receive (net of fee)Complete set
0Google ServicesPartial of $GOOG
Google ServicesPartial of $GOOG0
Google CloudPartial of $GOOG
Google CloudPartial of $GOOG0WVOther BetsPartial of $GOOG
Protocol fee—
Sets outstanding—
Settlement1 block, ~0.4s
You always receive exactly one of each partial per token deposited.
How it stays honest
Sum of the parts = the wholeThe complete set is always redeemable for one GOOG token, so the partials can never drift far from the stock for long.
Premium? Mint and sell.If the partials trade above the stock, anyone can deposit GOOG, mint the set and sell it, pushing prices back down.
Discount? Buy and redeem.If they trade below, anyone can buy the set and redeem it for GOOG, pushing prices back up.
No permission neededMint and redeem are program instructions on Solana. No whitelist, no cut-off times, no minimum beyond one token.
Is there a fee?Mint and redeem fees are set on-chain per set and shown in the widget before you confirm. Solana network fees are typically well under a cent.
How long does it take?Mint and redeem settle in a single Solana block. Your partials or GOOG appear in your wallet immediately.
Can I mint half a set?No. Minting always produces the complete set and redeeming always consumes one. Trade individual partials on the market instead.