$RENT on Pons. Contract address: launch soon Follow @rentdayxyz
Rentday
CAsoon

The $RENT token

The token whose trading pays the vault, with no claim on the vault in return.

What $RENT is

$RENT is the Rentday project's token. It trades on Pons 2, a launchpad on Robinhood Chain, at 0x9dfa488509330CC428FD7462c8732A96c5B164A0.

$RENT and vRENT are separate tokens. vRENT is the vault share you get for depositing USDG. Holding $RENT gives you no claim on the vault, its USDG or the fees, and no share of any settlement. The $RENT page shows the token's status, and its address and Pons page once it launches.

The creator fee

Every $RENT trade on Pons 2 pays a creator fee. The site's configuration sets it at 1% (RULES.tokenFeeBps = 100 in site/js/config.js). Pons 2 applies the fee, and if it sets a different rate, the configuration is changed to match and the site shows the new rate.

This fee is the vault's only income. The mechanics of how it accrues and how it is claimed belong to Pons.

From fee to vault

  1. The fee accrues in ETH as $RENT is traded.
  2. During the month the operator claims it from Pons into the owner wallet, for example once a week.
  3. At the month's end the operator swaps the claimed ETH to USDG on Robinhood Chain.
  4. On rent day, the 1st, the operator adds the USDG to the vault with addCapital. The operator keeps 0% (RULES.operatorBps = 0), so every USDG from the swap goes in and raises the vRENT price.

The month's Roll lists each claim, the swap with the rate it achieved, and the settlement, each with its transaction hash. You can open every one on the explorer and compare the amounts.

Trading in $RENT feeds the vault, and nothing flows back. The vault holds no $RENT and buys none. vRENT holders receive no $RENT, and $RENT holders receive nothing from the vault.

The fee is charged on buys and sells alike, so the vault gains from how much $RENT changes hands, whichever way its price moves. A rising $RENT price with little trading adds little. Heavy trading adds more, in either direction.

The street

The street drawing on the site is a calendar of $RENT trading. Each window is a day of the month, and a window is lit when $RENT trading paid fees that day. The drawing reads the #days section of the Roll, so until the first real Roll it shows the sample months.

Contract address

0x9dfa488509330CC428FD7462c8732A96c5B164A0. The site reads it from ADDR.rentToken in site/js/config.js, and it is listed on Chain and addresses.

Any other address offered to you as $RENT did not come from this site. Check it against this page and @rentdayxyz on X.

Risk

$RENT is volatile and can lose most or all of its value. Its trading volume, and with it the vault's income, can fall to zero. See Risks.