FAQ

What is PUTGO?

A daily target-price market on Robinhood Chain. Each day has one series with two shared pools: USDG in the Money Pool and PONS in the Asset Pool. One target, one official settlement price, one settlement a day.

How does USDG earn premium?

USDG in the Money Pool stands behind the target for the Asset Pool. In return it earns PUT by share-time: the amount you deposit multiplied by how long it stays active. The accrual does not depend on match rate, pool utilization or the settlement outcome. The premium is paid only in PUT; it is not USDG yield.

Can my USDG turn into PONS?

Yes. If the series settles at or below the target, the matched portion of your USDG buys PONS at the target price. The unmatched portion is returned as USDG. If it settles above the target, all of your USDG comes back. There is no fee in either case.

Can I lose on the PONS I buy?

Possibly. On delivery you buy at the target price, and the settlement price is at or below the target, so the market price of the PONS you receive may be below the target at that moment. This is the core risk the Money Pool carries, and the premium is the compensation for it. Your PUT accrual does not change with the delivery outcome.

Can I withdraw early?

No. USDG and PONS are locked from deposit until settlement at 12:00 UTC. You cannot exit during the lock, and you cannot decline allocation at settlement.

What does the Asset Pool get?

Daily protection at the target price. If the series settles at or below the target, matched PONS is delivered for USDG at the target, with a settlement fee of 0.9% of matched notional deducted from the proceeds. If it settles above, all PONS is returned with no fee. The Asset Pool neither pays nor earns PUT during launch.

How is the target set?

Each series has one target: 90% of the official reference price at 11:00 UTC creation, rounded down to the market tick. It never changes during the series.

What is matched, and what is not?

At 11:00 UTC both pool balances are frozen. Matched PONS = min(Asset Pool, Money Pool ÷ Target, Series cap). Every share carries the same match rate. Unmatched balances are released at settlement and never pay a fee.

When can I claim PUT?

Rewards are finalized at 12:00 UTC settlement. 30% is claimable immediately. The other 70% unlocks in four steps of 17.5% on Day 30, 60, 90 and 120 after settlement. Claiming never changes the schedule.

When is there a fee?

In one case only: when matched PONS is physically delivered for USDG, the Asset Pool pays 0.9% of matched notional out of the USDG it receives. The Money Pool never pays a fee. Entering, waiting, renewing and claiming are all free.

What happens to the fees?

Fees accrue in USDG to the Protocol Treasury Fee Reserve. An authorized operator manually triggers an atomic transaction that buys PUT and burns it in the same step. If either part fails the whole transaction reverts and the USDG stays in the reserve. There is no automatic buyback and no fixed schedule.

Does Auto-Renew swap my assets back and forth?

No. Auto-Renew only rolls balances that are still the token you deposited after settlement. Tokens received through delivery are never swapped back and are not rolled into the next series. If the next series cannot accept the balance, it becomes claimable.

Is PUTGO live?

Not yet. PUTGO is a pre-launch preview and nothing is usable at this point. PONS Daily is the only planned launch market. Other assets are reviewed one by one later and are not a commitment.