Token Price
Last updated
OpenEden Documentation
Last updated
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.
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.
At the time of launch, the TBILL token price will be a default value of 1.000000.
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.