Paper · Unsigned · 45 days · Low

Onchain dollars

$779.91

−22.0% since deploy

24h−22.0%

7d−22.0%

Cash23%

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

JLPLiquidity21%$161.74−2.65%

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

Now 21% · target 20%

USDCCash23%$179.93−0.00%

USDC is the dollar this take is about.

Now 23% · target 18%

JitoSOLStake16%$121.57−3.52%

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

Now 16% · target 18%

SOLSettlement14%$107.68−3.56%

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

Now 14% · target 16%

PYTHPrices15%$114.17+4.85%

PYTH is how the book gets marked in dollars.

Now 15% · target 14%

mSOLStake12%$94.81−3.60%

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

Now 12% · target 14%

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