Payable to the
bearer, in dollars.
Every trade of $PILE grows a real USDG reserve held onchain, and burns supply. Not a figure on a dashboard. Real dollars you can redeem, at will, forever.
This certifies that each $PILE represents a redeemable, pro-rata claim on a reserve of real USDG dollars, held onchain on Robinhood Chain and payable to the bearer on demand.
Four clauses, enforced in code.
No manual treasury, no promises, no trust. A Uniswap v4 hook executes every article on every single trade.
Trade
Any buy or sell of $PILE passes through the pool. Nothing to sign, nothing to opt into.
Skim & burn
The hook takes its fee from the dollar side directly (as USDG, into the reserve) and burns a slice of the $PILE side outright. No $PILE ever piles up in the contract to be dumped. No clog, by design.
Hold
The collected USDG simply stays in the contract as the reserve, a real dollar floor anyone can read onchain that grows with every trade. No oracle, no price game, no manager.
Redeem
Surrender your $PILE and receive your pro-rata share of the USDG reserve, in real dollars. Permissionless, and always open.
A floor of real dollars.
The reserve isn't a basket to price or an index to trust. It's plain USDG, the Paxos dollar, sitting in the contract. Every trade adds to it; nobody can drain it but a redeemer taking their own share.
| Held | What it is | Backing |
|---|---|---|
| USDG | Global Dollar (Paxos), 1:1 USD | 100% |
| Total reserve | 100.0% |
No oracle, no volatility, no manager. The floor is real dollars, redeemable at will, that only grows as the token trades.
The redemption coupon.
Once struck, enter your wallet and Stockpile draws up exactly how much USDG your $PILE can claim, then issues you a coupon to keep.
Present the bearer
Paste any Robinhood Chain address to read its redeemable USDG straight from the reserve.
Figures below illustrate the coupon format. Live values are read from the reserve contract at issue.
The hallmarks.
The board is full of reserves that are a number typed on a page. This one is the contract's balance. Do not trust it. Check it, and leave with the dollars.
The reserve holds real USDG, the Paxos dollar. Its balance is the contract's onchain balance, nothing hidden.
The v4 hook skims each swap straight into the USDG reserve. Watch the dollars grow, trade by trade.
Surrender $PILE, receive your pro-rata slice of the USDG reserve, in real dollars. Anyone, any hour, no gate.
NAV is just the USDG reserve over supply. No oracle, no price feed to trust: a dollar is a dollar.
Don't trust it. Verify it.
Anyone can print a certificate. These six things are what make the reserve real, and every one is public and onchain. Until they're live, we don't claim to be backed. That's the difference between a receipt and a napkin.
Reserve wallet
The public contract holding the USDG reserve. Read its balance yourself, any time.
Redemption contract
The verified redeem() contract. Burn $PILE, withdraw your pro-rata USDG. Permissionless.
Live reserve + burn readout
Every number on this page read straight from chain state and the hook's events, not typed in by us.
Unrestricted dollars
The reserve is USDG (Paxos, 1:1 USD) — no restricted assets, no oracle, nothing an issuer can freeze.
Audit & locked liquidity
Third-party audit of the contracts, plus permanently locked LP, both provable onchain.
Treasury control
Admin renounced or timelocked. No one can drain, mint, or reroute the reserve.
Plain supply. Honest fees.
Fair-launch bias. No hidden founder stock-sale.
Struck via a v4 pad; LP permanently locked, provable onchain.
Global Dollar (Paxos), 1:1 USD. The whole reserve, redeemable.
Is the reserve real, or is this another dashboard?read
How is redemption performed?read
What does the trade tax do?read
Why does a price floor exist?read
Is this a security? May anyone hold it?read
Who authors the contracts?read
Strike the reserve.
Issued on Robinhood Chain. Be present when the first stock is entered into the register.