Every $RENT trade pays a 1% fee. On the 1st, the month's fees go into the vault as USDG and lift the price of every vRENT.
Every buy and sell of $RENT on Pons pays a 1% creator fee in ETH. That fee is the vault's only income.
Through the month the operator claims it from Pons. Before the 1st the ETH is swapped to USDG, and on rent day all of it goes into the vault. The operator keeps 0%. The receipt on the right is the latest close.
One thing raises it: fees arriving on rent day. Nothing inside the vault can lower it. The risks further down cover what sits outside the vault.
| What happens | vRENT price | Why |
|---|---|---|
| Someone trades $RENT | Nothing yet | The fee builds up at Pons until the operator claims it. |
| Rent day, the 1st | Rises | The month's fees arrive as USDG while the number of vRENT stays the same. |
| You deposit | No change | Your USDG and your new vRENT enter together at the current price. |
| Someone cashes out | No change | Their vRENT and their USDG leave together at the current price. |
| A month with no trading | No change | No fees arrive, and no USDG leaves unless a holder cashes out. |
| The $RENT price falls | No change | The vault holds USDG. It never holds $RENT. |
Type an amount. It enters before the first close at the opening price and rides all six.
The months are illustrative and show how the arithmetic works. Real income depends on how much $RENT trades.
Both carry the Rentday name. They do different jobs, and the money between them runs one way.
The vault share. You get it when you deposit USDG and hand it back when you cash out. Its price is the USDG in the vault divided by the vRENT outstanding.
The Rentday token, trading on a Pons bonding curve. Every trade pays a creator fee and the vault receives all of it. Holding $RENT gives you no claim on the vault; vRENT does.
1% of every $RENT trade flows into the vault. Nothing flows back.
On the 1st the operator publishes the Roll: the fees earned each day, every claim from Pons, the swap to USDG and the transfer into the vault, each with its transaction. Its SHA-256 hash goes on chain, so the file cannot change afterwards.
| Step | When | Amount | Transaction |
|---|
computing
SHA-256 of the Roll file, computed in your browser just now.
Check it yourselfRead this part before you deposit. The Roll reports quiet months in the same detail as busy ones.
The vault earns only when people trade $RENT. A quiet month adds little, a month without trading adds nothing, and nobody can promise volume.
Claiming, swapping and sending the fees are transactions from the operator's wallet. If the operator stops, fees wait unclaimed at Pons and the price stops rising. Your USDG stays in the vault and you can still cash out.
Fees arrive in ETH and become USDG once a month. If ETH falls before the swap, the same fees buy fewer USDG. The Roll prints the rate and the swap transaction.
The vault holds USDG, and its issuer can pause or upgrade that token. Rentday's promise that you can always cash out covers Rentday's contract, not the token underneath.
Matching a Roll to its on-chain hash shows nobody edited it. To check the figures, open the claim, swap and settlement transactions the Roll names.
The contracts are small, not upgradeable and covered by 44 tests. No outside firm has reviewed them.
Open month 4, a quiet month where trading slowed and the price rose less
vRENT, a share of a vault that holds USDG. On the 1st of each month the vault receives the previous month's $RENT trading fees, which raises what every share is worth.
No. Rent is the name for the month's fees, paid on the 1st like rent. The street on this page is a drawing: each window is a day of the month, lit when $RENT traded.
No. You buy vRENT with USDG. People who trade $RENT pay the fees; people who hold vRENT receive them. You can do either or both.
Redeem your vRENT on the deposit page. The vault pays USDG in the same transaction. There is no queue and no exit fee, and pausing deposits never pauses cash-outs.
On rent day, when the fees arrive. Deposits and cash-outs during the month change the USDG held and the share count together, so they move the price for nobody.
Less reaches the vault and the price rises less. With no trading at all it holds still. A quiet month cannot lower it.
Deposits are open on Robinhood Chain. $RENT is live on Pons; every trade pays rent into the vault.
Rent day starts at 00:00 UTC on the 1st. The Roll publishes that day.