FAQ¶
Basics¶
What is PUTGO?¶
A price-protection market on Robinhood Chain. People holding NVDA or UNI can buy 7 days of protection at any time; people holding USDG can fund that protection and receive premium, paid in the market's asset.
How does protection work?¶
At purchase a floor is set from the price at that moment (NVDA 95%, UNI 90%). At the first daily settlement time after 7 full days (so 7 to 8 days later) the official price is read once: at or below the floor, your asset is sold at the floor for USDG; above the floor, the asset comes back as it is.
Is PUTGO live?¶
Not on mainnet. PUTGO goes live one week after PUT fair-launches on PONS; the launch date will be announced separately. Until then the testnet demo is live and lets you walk through the whole flow with test tokens (see the Testnet guide). NVDA and UNI are the planned launch markets; other assets are reviewed one by one later and are not a commitment.
How does the protocol make money?¶
A fixed share of every premium, the protocol share (its ratio is on Markets and parameters), goes to the protocol treasury: 80% of it buys back PUT and burns it, and 20% goes to the development team for operating costs and income. There is no other fee: no delivery fee, exit fee, deposit fee or withdrawal fee.
How is the PUT token issued?¶
Through a fair launch on PONS: 90% of the supply enters the market through that one public launch, and every participant gets PUT under the same rules; 10% belongs to the development team. There is no presale, private round or other reserved allocation, no lockup and no release schedule. Supply is fixed at 1,000,000,000 PUT and no more can be minted after the launch. See PUT token.
Does using PUTGO earn PUT?¶
No. The protocol distributes no PUT: buying protection and depositing USDG produce no token rewards. 80% of the protocol share buys back PUT and burns it; see PUT token.
Protect¶
How much is the premium, and how is it paid?¶
The premium rate is set by the utilization of the market's Money Pool and shown live on the product page. It is taken in the asset from the amount you deposit at purchase, and nothing else is charged afterwards. The current curve and the weekly recalibration rule are on Markets and parameters.
If I deposit 10 NVDA, are 10 NVDA protected?¶
No. The premium is taken out of the deposited amount and the rest is protected. The page shows the protected amount before you confirm.
Can I end up only partly protected?¶
No. What you buy is fully protected. If the Money Pool's remaining capacity is smaller than your amount, the page shows the remaining capacity and you can buy less or come back later.
Can I exit early?¶
Yes, at any time. The asset is returned immediately, protection ends, and the premium already paid is not refunded.
What is auto-renew?¶
Optional. If protection expires without delivery, the returned asset immediately buys a new 7-day protection at the floor and rate of that moment, and a new premium is taken. USDG received through delivery is never renewed.
Earn¶
What happens to USDG I deposit?¶
You receive your share of every premium in that market (paid in NVDA or UNI). When a protection is delivered, the pool pays USDG at the floor and receives the asset: your USDG goes down and your asset balance goes up. The asset may be worth less than the USDG you gave up at that moment; that is the risk you carry.
When can I withdraw USDG?¶
Request any time and withdraw after the withdrawal delay (see Markets and parameters). The amount is limited to the pool's unreserved USDG; if that is not enough you get part now and the rest as protections expire.
Why do depositors receive NVDA or UNI rather than USDG?¶
Because the premium is charged in the asset. Depositors receive the market's asset. If you do not want to hold it, claim it and handle it as you like.
Why are the two markets' pools separate?¶
So depositors choose which risk they take. The NVDA pool backs only NVDA protection and is never hit by a UNI crash.
Settlement¶
What if the official price is unavailable at expiry?¶
Settlement is deferred to the next settlement time at which a price is available and protection stays in force. Beyond the allowed deferral limit, or after a chain halt, the batch is voided: assets are returned, the unreleased premium is refunded, and the released part stays with depositors.
Testnet¶
What can I do on the testnet?¶
Walk through the whole flow with test tokens: mint test TSLA and test USDG, buy a 7-day protection, deposit USDG into the Money Pool, wait for the 12:00 UTC settlement, then claim. The steps are in the Testnet guide.
Do the testnet tokens have any value?¶
No. The demo uses PUTGO's own mock TSLA and mock USDG, which anyone can mint from the app and which exist only on the testnet. They are not the official test TSLA / USDG handed out by the faucet.
Where does the testnet price come from?¶
An automated price updater run by the PUTGO team writes the mainnet Chainlink TSLA/USD price into the testnet about every 2 minutes. Outside US market hours it shows the last mainnet print. If the page says the price is stale, wait about 2 minutes and try again.
How does the testnet version differ from the real product?¶
Withdrawals are instant (no withdrawal delay, but still limited to the unreserved part); premium is credited to the pool once a day at 12:00 UTC per position rather than second by second; the daily settlement price is recorded by a single operator account. See the testnet section of Markets and parameters.
Something failed. What now?¶
Read the message under the button first: the page blocks a transaction that would fail and prints the reason (wrong network, no gas, amount below the minimum, over capacity, stale price, paused). Common cases are covered in Testnet troubleshooting; if the problem persists, contact @Putgofi on X.