Trade metal for the claim.

Hand USDG, GLD or AUR/GLD LP to the treasury and receive AUR, vested linearly over five days and claimed straight into staking as sAUR. Each market is a reverse Dutch auction: the price opens at a premium to TWAP and decays toward a floor that can never drop below live GLD backing — bonds are non-dilutive by construction. Every deposit resets the auction for the next buyer.

USDG Bond

Sealed

$—

live auction price per AUR

—%

vs market TWAP

Auction decay—

Open —Floor —

Floor = max(TWAP −—%, backing —)

Every deposit resets the auction to its opening premium — the next buyer never inherits your price.

Max payout / deposit

—

premium —

Debt cap— / — AUR

cap —

VestingNo position

5-day linear vest · claims deliver staked sAUR — earning epoch yield from the moment you claim. Unstake anytime on the Stake page.

GLD Bond

Sealed

$—

live auction price per AUR

—%

vs market TWAP

Auction decay—

Open —Floor —

Floor = max(TWAP −—%, backing —)

Every deposit resets the auction to its opening premium — the next buyer never inherits your price.

Max payout / deposit

—

premium —

Debt cap— / — AUR

cap —

VestingNo position

5-day linear vest · claims deliver staked sAUR — earning epoch yield from the moment you claim. Unstake anytime on the Stake page.

AUR/GLD LP Bond

Sealed

Staged market — bonds AUR/GLD LP tokens to grow protocol-owned liquidity. It opens once genesis finalization seeds the POL pair and registers it here.

$—

live auction price per AUR

—%

vs market TWAP

Auction decay—

Open —Floor —

Floor = max(TWAP −—%, backing —)

Every deposit resets the auction to its opening premium — the next buyer never inherits your price.

Max payout / deposit

—

premium —

Debt cap— / — AUR

cap —

VestingNo position

5-day linear vest · claims deliver staked sAUR — earning epoch yield from the moment you claim. Unstake anytime on the Stake page.