Treasury
The storehouse of the Golden Age
What backs every KRONOS, how it is held, and what it pays. The treasury never lends its own backing.
What one KRONOS stands on
The solid shaft is held in reserve. The hatched drum is premium.
- Market price$6.02
- What KRONOS trades at
- Bond price$5.78
- Buy from the treasury, vests in 5 days
- Backing$4.18
- Reserves held per KRONOS
- Floor bid$3.90
- The treasury always buys back here
- Hard floor$1.00
- Never issued below $1
Every KRONOS is backed by
$4.18
The market pays $6.02, a premium of 44%. New KRONOS is only ever sold above backing, so each bond adds more to the storehouse than it takes out.
- Total reserves
- $1.04M
- Liquid backing
- $3.96
- Excludes the RWA sleeve
- Circulating
- 250K
- KRONOS
- Staked
- 71%
- Of circulating supply
The storehouse
| USDGCounted 1:1 | Counted 1:1 | 30.3% | $316.8K |
|---|---|---|---|
| Morpho USDG vaultCounted at the vault exchange rate | Counted at the vault exchange rate | 64.4% | $673.2K |
| RWA sleeveStock tokens, counted at a 50% haircut | Stock tokens, counted at a 50% haircut | 5.3% | $55K |
The treasury never lends its own backing. Credit in Prime Accounts comes from outside lenders.
The harvest
- This epoch
- +0.05%
- Annualised
- 78%
The harpe reaps new sKRONOS from the premium. At backing there is nothing to reap, so the rebase is emission, not income.
The tithe
- Trailing APR
- 3.4%
- Pool utilisation
- 62%
Real USDG from borrow fees and bond spreads, paid to sKRONOS and wsKRONOS holders. Your share is weighted by your Conviction tier.
The oracle of the bond desk
Like the Pythia at Delphi, the agent never acts without speaking: every change of bond terms is published with its reasoning, and the oath of the contract keeps it inside fixed bands.
- Epoch 714.0% discount, 18,000 KRONOS capacity
Premium widened to 44% while pool utilisation sits at 62%. Raising capacity converts premium into USDG backing faster without crossing the 15% discount band.
- Epoch 705.5% discount, 12,000 KRONOS capacity
TWAP drifted toward backing overnight. Kept the discount wide and capacity low so bonds stay accretive.