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OpenEden Documentation
OpenEden Documentation
  • 👋Welcome To OpenEden
  • 🔵TBILL
    • Introduction
    • Product Structuring
    • Investor Onboarding
    • Subscriptions
    • Redemptions
    • Fees
    • Token Price
    • Risks
    • Trust & Transparency
    • Smart Contract Addresses
    • On-chain Governance & Controls (I)
    • Off-chain Governance & Controls (II)
    • FAQ
    • Legal
      • User Agreement
      • AML/CFT Policy
      • Cookie Policy
      • Electronic Signature Policy
      • Privacy Policy
  • 🟣USDO
    • Introduction
      • Product Structuring
      • Bankruptcy Remoteness
      • USDO Reserves
      • Eligibility
        • Prohibited Jurisdictions
        • Onboarding Steps
      • Service Providers
    • USDO Token
      • Minting Workflow
      • Redemption Workflow
      • Cut-Off Time
      • Bonus Multiplier
      • Fees
      • Reserve Assets
    • cUSDO Token
    • Collateralization Ratio
    • Transparency
    • Risks
      • Smart Contract Risk
    • FAQs
    • Developers
      • Integration Guide
      • Contracts
    • Legal
      • User Agreement
      • Cookie Policy
      • Electronic Signature Policy
      • Privacy Policy
    • Guides
      • USDO Instant Mint via Etherscan
      • USDO Redemption via Etherscan
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  • Token Price Calculation​
  • On-Chain Price Oracle
  1. TBILL

Token Price

PreviousFeesNextRisks

Last updated 1 year ago

By minting and holding TBILL tokens, the Investor can earn a return through the TBILL token’s token price, which is expected to increase in value over time. That increment in token price directly reflects the returns generated by the underlying U.S. T-Bills held by the Fund’s portfolio as the underlying U.S. T-Bills converge to par value upon maturity. Should interest rates fluctuate, there may be mark-to-market risks that may affect the TBILL token price. Refer to for more information.

Token Price Calculation

The TBILL token price is calculated as the Net Asset Value (“NAV”) per token. The token price can be derived by dividing the NAV of the Fund by the total outstanding supply of TBILL tokens.

Note: Please be aware that the USDC/USD token price will be set at a 1:1 ratio to align with the offerings provided by the Vault's providers. Please refer to the section for details on applicable risk mitigation measures.

tokenPrice=totalAssets−feeClaimablecirculatingTokenSupplytokenPrice = \frac{totalAssets - feeClaimable}{circulatingTokenSupply} tokenPrice=circulatingTokenSupplytotalAssets−feeClaimable​

At the time of launch, the TBILL token price will be a default value of 1.000000.

On-Chain Price Oracle

The price feed is a service responsible for consolidating and disseminating financial market data to our on-chain price oracles. Its primary function is to precisely calculate the and transmit price data onto the on-chain price oracle. The integrity of the price feed is ensured through the mechanism.

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Risks
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token price
Price Guard
price guards