Vault and risk

Protocol

Everything that decides what a draw is worth: what the vault holds, and what can go wrong.

The vault behind the draws

Backing

What the vault holds and what each token is worth against the pile. All read from the chain, so all empty until launch.

Backing

Awaiting first draw
Vault value
—

Σ (holding × oracle price)

Tokenised equities held by the vault, marked in USD from Solana price feeds

Circulating supply
—

SPL mint supply

Genesis fixed at 1,000,000,000. Read from the mint once the market is live.

Backing per token
—

vault value ÷ circulating supply

The floor. Rises as the vault grows, falls if supply outpaces the vault.

Source · Solana. Vault holdings and the SPL token supply, read straight from the chain, so they stay empty until the first window closes.

Vault holdings and draw history

No data yet

Holdings and winners come straight from the chain, so they stay empty until the market is live and the first window closes. Nothing here is estimated.

Source · Solana · vault wallet + draw program

What can go wrong

Risk

A draw is a draw. Most holders will hold for a long time and win nothing, and the expected value of an entry is far smaller than the price of the tokens it takes to earn it. Odds do not improve with a losing streak.

Prize size depends entirely on trading volume. If volume dries up, the creator fee dries up with it and the windows are worth close to nothing. Nothing guarantees a minimum prize.

Tokenised equities carry market risk and depend on the issuer behind them; they are not the underlying shares, and access to them can be restricted by jurisdiction.

Nothing here is deployed yet, so every parameter on this page can change until the vault wallet, the draw program and its randomness source are published on chain. Until DAO handover the vault is a 3-of-5 multisig, which is a trust assumption rather than a guarantee written into the token. The verifier proves the randomness, not the operator. The price of $RAW can go to zero and stay there, and none of this is investment advice.