Trading fees.
Stock tokens.
Your call.
Hold one token. Let its trading fees buy the stock tokens you choose. A personal basket, paid directly to your wallet.
Explore the holder basket, LP pools and the staking allocation, a planned product, using the controls below.
Distributions, in your mix.
Adjust your basket. The model follows.
Basket allocation. Payouts follow it from the next epoch, planned every 30 minutes.
Protocol liquidity, at a glance.
A fixed share of what the protocol receives buys positions a program owns.
A fixed share for staking.
Set aside now. The staking program is phase 2.
A dedicated flow from the fee hub to its own wallet. It is a fee allocation, never a staking rate.
The staking allocation is a fixed share of what the protocol receives, set in the treasury program, and is set aside on every distribution. Staking itself is phase 2: no program is deployed, nothing accepts a deposit, and no reward rate exists.
Available after activation
Available after activation
Waiting for the first epoch
Available after the first snapshot
YOUR BASKET, YOUR EXPOSURE.
Tokenized stocks issued by Backed.
A simple split.
A continuous flow.
A trade on the degen.zone curve pays about 4.19% all in. About 0.34% of that goes to degen.zone, about 0.84% to Meteora, and the rest, about 3.02% of volume, reaches the protocol. After graduation, at about 80 SOL raised, trading moves to a Meteora DAMM v2 pool that charges 1% regardless of the curve tier. Meteora keeps 20% of that, and the rest is split by liquidity share between the protocol's locked position and degen.zone's, so about 0.52% of volume reaches the protocol. The protocol's take per trade falls at graduation. It funds holder payouts in tokenized stocks, protocol-owned liquidity, a staking reserve and operations, in a fixed ratio the treasury program enforces. What is still only planned is the staking product itself.
The staking allocation is a fixed share of what the protocol receives, set in the treasury program, and is set aside on every distribution. Staking itself is phase 2: no program is deployed, nothing accepts a deposit, and no reward rate exists. Every figure in the bar is a share of curve volume on the launch venue, read from the same configuration the programs are initialised from.
A trade starts the flow.
An eligible trade on the degen.zone curve pays about 4.19% all in, and about 3.02% of volume reaches the protocol. After graduation the pool charges 1% and about 0.52% reaches the protocol. It is the protocol's only source of revenue.
The split is already decided.
It funds holder payouts in tokenized stocks, protocol-owned liquidity, a staking reserve and operations, in a fixed ratio the treasury program enforces. The ratio is a compile-time constant with no setter; no instruction can change it.
Your basket shapes the buy.
Name up to 4 xStocks and the weights between them. The keeper sums every holder's basket and buys each stock on one route inside a Pyth price guard.
A new epoch, every 30 minutes.
Holders are snapshotted and weighted by how long they have held over the last 24 hours, the allocation is written to a Merkle tree, the root is published and the vault is funded before it activates. A cadence, not a promise of a payout.
Stock tokens arrive in your wallet.
The largest allocations are paid automatically. Everyone else claims with one signature, after a review that shows every amount at full precision.
The longer you hold,
the larger your share.
Your share of every payout grows with how long you have held over the last 24 hours. Buying just before a payout earns almost nothing; a full day of holding earns full weight. There is no cliff to time and nothing resets: selling lowers your weight gradually, one epoch at a time, rather than to zero.
- 48 epochs
- The window: your balance is sampled every 30 minutes and averaged over the last 48 samples.
- 1/48
- What a wallet bought just before the snapshot weighs against an equal wallet held all day.
- Published
- Every sample is in the epoch file, so anyone can recompute their own weight.
A larger share of whatever the fee actually bought that epoch. Not a rate, not a return. How holding time is measured ↗
4 markets.
One long-term commitment.
Planned stock pools, opened in this order and gated on verified two-way depth. The percentages are each market's share of new protocol liquidity, not a return.
The fine print.
In full size.
Know what you are holding. Know what you are trusting. These trade-offs are part of the product.
Read the risk guide ↗Tokenized exposure, with issuer powers.
Every xStock is a Token-2022 mint whose permanent delegate is its issuer, Backed. It can freeze or move balances under its terms. This is exposure, not share ownership, and not a promise of dividends.
No volume, no payout.
Payouts are whatever the fee actually bought. They can be zero. Volume can migrate to pools that return nothing to the treasury. No annual rate is quoted anywhere on this site.
Independent audit still ahead.
The programs port audited upstream code with documented deviations and carry their own test suites. An independent review has not been completed. Keeper and contract risk remain.
The authority can exit a pool.
An emergency control held by the protocol authority: it can withdraw liquidity from a pool at any time, with no delay, even while the protocol is paused. The proceeds land only in protocol accounts and cannot be paid out as holder rewards. Moving value out of the protocol still takes seven days of continuous public pause, and the position itself cannot be transferred to anyone.