The market
CROWN / WETH
- Price
- No market
- Supply
- 1,000,000,000
One token, one canonical market on Uniswap v4, and a reserve that compounds.
CROWN / WETH
No price series
The pool has not been initialised, so there is nothing to plot. This chart draws from the pool the moment one exists.
The reserve
What it is designed to hold
Balances read from chain
WETH
Wrapped Ether
Fee currency
No dataUSDG
Global Dollar
Lent on Morpho
No dataSGOV
Short Treasury Bill ETF
Accrues via multiplier
No dataEQUITY
Tokenized equities
Bought with the yield
No dataThe reserve takes 50% of every fee. The principal is lent rather than spent, and half of what it earns buys tokenized equities that stay in the reserve. This table fills in from chain reads once the contracts exist.
The split
Three percent, four addresses
Fixed in the contract
1.50%
USDG lent on Morpho
0.90%
Protocol-owned, locked 180 days
0.30%
Buys the epoch's equity
0.30%
Infrastructure
The hook pays all four in the same transaction as the swap, always in WETH. The addresses are immutable and the percentage has no setter, so this part of the protocol needs no trust once it is deployed.