Welcome.htm :: Restore Point Shareholder Console

Restore Point Capital Management

Value investing for the broadband era.·Disclosure: on by default.

Welcome to Restore Point Capital Management.

RPT is a reserve instrument on Robinhood Chain. The fund's treasury holds the USDG that backs it, activated shares receive a distribution every 8 hours, and every share carries a restore point: a standing bid just under backing that the treasury honors whether or not anyone is at the desk.

NAV floor

Every RPT is backed by no less than 1 USDG in the treasury. The emissions engine cannot mint past reserves; the floor is checked on-chain every epoch.

Restore point

If RPT trades below NAV, the treasury bids at NAV − 1.5% and retires what it buys. The bid stands from the first block; nobody has to trigger it.

Management without managers

The distribution rate is a formula of the market premium, capped so the floor always holds. No committee, no owner functions, no service packs.

Reserves that earn

Idle USDG is lent through Morpho under a hard 70% cap, so the backing behind each share grows while it sits.

Full mechanics are in the Fund Documents

Programs

Shareholder Dividend Program

LIVE

Activate shares and receive a distribution every 8 hours. The rate follows the market premium by formula and is zero at or below NAV.

Activate shares

Primary Offerings

LIVE

Subscribe with USDG or LP tokens and receive RPT on a linear vest. Priced at a discount to market, never below NAV.

Open the offering desk

Buyback Program

LIVE

Sell RPT directly to the treasury at the restore point. Capacity is 1% of liquid reserves per epoch and every share bought is burned.

Sell at the restore point
Status: pre-launchNAV 2.4148 USDG (day-one figure, illustrative)Last known good configuration: 1 USDGOracle: 1h TWAP · fail-closed
System Restore — How the floor works

Every share has a last known good configuration.

Most reserve tokens promise a floor and hope the market believes it. Here the floor is two contract rules and a standing order, and none of them needs a person.

  1. The treasury cannot mint past its reserves. Each epoch the distributor checks that total supply × 1 USDG stays at or below risk-free value. If a distribution would break that, it is skipped.
  2. At or below NAV, distributions are zero. The rate is a formula of the premium over backing, so the fund never dilutes holders when the market pays no premium.
  3. Below NAV, the restore point bids. Any holder can sell to the treasury at NAV − 1.5%, up to 1% of liquid reserves per epoch. Every share bought is burned, so NAV rises with each fill.
  4. Reserves keep earning meanwhile. Morpho yield and the treasury share of the 5% trading fee raise backing whether or not a premium exists.
  5. If the oracle goes stale, the fund enters Safe Mode. Minting and market operations pause until a fresh TWAP is checkpointed. The protocol never trades on an old price.

Read the emissions formula and the oracle rules

Rate calculator

0.000% / epoch
Per epoch0.000%
Daily (3 epochs)0.000%
APY (arithmetic)0%

rate = 0.45% × clamp((P − 1) ÷ 0.75, 0, 1) per 8-hour epoch. The APY column assumes the premium holds for a year and the reserve cap never binds. Neither survives contact with markets. It compounds in RPT units and says nothing about the USDG price of RPT.

Setup — Founding Offering

Welcome to Setup

The founding offering is the single switch that turns the fund on. Nothing else exists as a live market until it finalizes.

Terms are immutable contract constants. There is no partial-enable path: before finalize(), none of it; after, all of it.

Sequence of events

  1. Day 0Subscription opensUSDG in at a fixed price per RPT, recorded in the on-chain founding register with a soulbound share certificate.
  2. Cap hit, or day 7finalize() — one transaction70% of proceeds to the Treasury, 30% paired with newly minted RPT to seed the canonical Uniswap v2 pool as fund-owned liquidity. Distributions, offerings, the trading fee and the restore point all switch on at once.
  3. Days 0–5 after finalizeFounding RPT vestsLinearly, claimable as it accrues. Day-one NAV is about 2.41 USDG for any raise above the minimum, because every split is a ratio of proceeds.
  4. Day 30Fee split reaches 0% / 5%, permanentlyThe management share of the trading fee decays to zero on the same clock as management's option vesting. From here the whole fee is treasury inflow.
  5. Below the minimum raiseThe offering failsEach wallet reclaims its own USDG. The protocol never starts.
Fund Documents

Fund documents

Numbers are generated, not typed: constants are deployed values, live figures are on-chain reads
iDistributions have arrived

3 new distributions since you last connected. Open the Shareholder Console to view your activated balance.