Takes

A sentence becomes a book.

Paper · 9Nxd…GKiV · 21 days · Conservative

Onchain dollars

$10,208.45

+2.08% since deploy

24h+0.33%
7d+0.58%
Cash18%

You think dollars and cash-like yield are moving on-chain. The book is built for that, slowly. USDC is the cash. JLP is a Solana liquidity book that earns fees from trading. JitoSOL and mSOL are staked SOL, closer to yield than to a story. PYTH prices the assets so the book can be marked in dollars. SOL stays so the basket is still the network itself. Staking rewards change, and nothing here is a promised rate.

Bought JLP, USDC, JitoSOL and 3 more · paper. Marked with Jupiter prices.

Holdings

JLPLiquidity20%$2,036.00−1.27%

JLP earns fees from Solana trading, which is the on-chain yield sleeve.

USDCCash18%$1,832.44+0.01%

USDC is the dollar this take is about.

JitoSOLStake18%$1,832.55−2.33%

JitoSOL is staked SOL, closer to yield than to a narrative.

SOLSettlement16%$1,625.66−2.30%

SOL keeps the book on the network, not only in receipts.

PYTHPrices14%$1,457.27−2.54%

PYTH is how the book gets marked in dollars.

mSOLStake14%$1,424.53−2.24%

mSOL is a second staking receipt, so yield is not one provider.

Fork

Thesis · RWAs eat T-bills and yield lives on-chain

Onchain dollars · Takes