Everything you need to understand STABLEGOLD in one page.
Plain-language rules for fees, daily state, rebalance logic, and how to participate.
What is STABLEGOLD?
STABLEGOLD (SGLD) is a Solana token that mints and redeems directly against a USDC reserve vault — there is no AMM or liquidity pool. Price is calculated on-chain:
Price = USDC Reserve ÷ Circulating Supply
The protocol targets +0.25% daily growth. Fees collected before that target is met build the reserve; fees after go into a reserve support vault. All trades are direct on-chain calls signed from your own wallet — we never hold your funds.
Daily Growth Progress0.0000%
Reset in
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Fee Structure
Simple fee paths with visible routing.
Every fee has two parts: a fixed 0.1% dev cut and a protocol portion whose destination depends on whether the daily target has been cleared yet.
Action
Total Fee
Dev Cut
Before Midnight EST Target
After Midnight EST Target
Buy
3%
0.1%
2.9% deepens USDC backing vault
2.9% minted into reserve support vault
Sell
2%
0.1%
1.9% burned (SGLD destroyed)
1.9% routed to reserve support vault
Transfer
1%
0.1%
0.9% burned
0.9% routed to reserve support vault
Tap to Pay
1%
0.1%
0.9% burned
0.9% routed to reserve support vault
Daily State
Two deterministic modes — reset at midnight EST.
Each day the protocol starts in Phase A. Once cumulative buys push the price to the +0.25% target, it flips to Phase B for the remainder of that day. It cannot flip back. The clock resets at midnight EST.
Price is monotonically non-decreasing within a day — a sell never lowers the implied price. A buy that would cross the target is split automatically: just enough processes at Phase A rates to land exactly on the target, the rest at Phase B rates, all in a single transaction.
Phase A · Before Target
Reserve-building mode
Buy: 2.9% deepens the USDC backing vault
Sell: 1.9% burned (SGLD destroyed)
Transfer: 0.9% burned
Tap to Pay: 0.9% burned
Every action also takes a 0.1% dev fee
Phase B · After Target
Reserve-support accumulation mode
Buy: 2.9% minted into reserve support vault
Sell: 1.9% routed to reserve support vault
Transfer: 0.9% routed to reserve support vault
Tap to Pay: 0.9% routed to reserve support vault
Every action also takes a 0.1% dev fee
Rebalance Engine
Adaptive, but bounded.
Market signals (gold price move, DXY, US 2Y yield, geo risk, inflation, news sentiment) are mapped to a stress score from −1.0 to +1.0. That score sets the Gold/USDC target ratio, clamped to 30%–70% rails. Rebalance only fires on material drift from target (7.5% effective drift). Realized upside is tracked separately from the base layer.
Upside tracked separately — base layer accounting stays clean
Layer Separation
Base utility and treasury upside are not mixed.
Base layer: daily fee-supported progression toward the +0.25% target
Upside layer: rebalance gains and hedge wins tracked separately
Clear accounting keeps protocol behavior easy to audit
Community can verify both layers independently on-chain at any time
Community
Usefulness over hype.
Focus on wallet flow clarity and merchant adoption
Raise blockers and UX issues early and clearly
Promote practical education for new users
Keep discussion constructive, specific, and evidence-based
Participation
One place to understand and contribute.
Use the Live Dashboard for current state and the trade desk for execution. This guide is the single reference for protocol behavior and community direction.
