Questions and answers.
Short answers first. The docs carry the detail and the arithmetic.
The basics
What is Rentday?
A vault on Robinhood Chain that holds USDG. Every trade of the $RENT token on Pons pays a 1% creator fee. Each month those fees are swapped to USDG and, on the 1st, sent into the vault. That raises the price of vRENT, the vault's share.
What do I own when I hold vRENT?
A proportional claim on the USDG in the vault. Every month's fees add to that USDG, and your share of it grows with them.
Is there real estate behind it?
No. Rent is the name for the month's fees, paid on the 1st like rent. The street on the site is a drawing: its 31 windows are the days of a month, lit on the days $RENT traded.
Does rent land in my wallet each month?
No. The fees stay in the vault and lift the vRENT price. You take the gain when you cash out.
What do I need to start?
A browser wallet such as Rabby or MetaMask on Robinhood Chain, at least 100 USDG, and a little ETH for gas. The site adds the network to your wallet when you connect.
When can I deposit?
Now. The vault is live on Robinhood Chain. Open the deposit page, connect a wallet and deposit from 100 USDG. $RENT is live on Pons, and its fees arrive on the next rent day. Token address: 0x9dfa488509330CC428FD7462c8732A96c5B164A0.
Money in, money out
How is the price set?
USDG in the vault divided by vRENT outstanding. The contract reports it through convertToAssets, and nobody pushes a number in from outside.
When does the price move?
On rent day, when the month's fees arrive. Deposits and cash-outs change the USDG and the share count together, so they leave the price where it was.
Can the price go down?
Not from anything inside the vault. The only USDG that leaves is a holder's own cash-out, at the current price. A quiet month adds less, and a month without trading adds nothing. USDG itself is the one outside risk: if it lost its dollar value, so would the vault.
How do I cash out?
Open the deposit page, pick Cash out, enter an amount of vRENT and sign. The vault pays USDG in the same transaction. There is no queue and no exit fee.
Can cash-outs be paused?
No. The owner key can pause new deposits and change the deposit cap. The contract has no switch that stops redemptions and no function that moves your USDG anywhere but back to you.
What fees are there?
None to enter or leave, and the vault charges nothing while you hold. The only fee in the system is the 1% creator fee on $RENT trades, and it is the vault's income. The operator keeps 0% of it. The full schedule.
The Roll and the token
What is the Roll?
The monthly report: the fees earned each day, every claim from Pons, the swap to USDG, the transfer into the vault and the price the month produced, each step with its transaction. It publishes on the 1st and needs no wallet to read.
How do I know nobody edited a Roll?
Its SHA-256 hash goes into the RollRegistry contract. Hash the file yourself on the Roll page or with sha256sum and compare. A match proves the file is unchanged. To check the figures, open the transactions it names on the explorer.
What is $RENT?
The Rentday token on a Pons bonding curve. Its trading pays the vault's income. Holding $RENT gives no claim on the vault; nothing flows from the vault back to $RENT. Contract address: 0x9dfa488509330CC428FD7462c8732A96c5B164A0. More about $RENT.
Who claims and swaps the fees?
The operator, from the owner wallet. Pons pays the creator fee to that wallet, so the operator has to claim it, swap it and send it. Every one of those steps is a public transaction listed in the Roll.
What if the operator stops?
The fees wait unclaimed at Pons and the vRENT price stops rising. Nothing already in the vault is at risk: you can still cash out at the current price, in one transaction.
Where do the monthly figures come from?
Until Roll 001 publishes, the site shows six illustrative months run through the real close engine, so the format and the arithmetic are exact. When the first Roll publishes, every page switches to the published Rolls.