CONSOL

Perpetual bond, rebuilt onchain. Issued on @base via the B20 token standard. Never matures · terms frozen, control renounced. An instrument of @percyeth0

[CONSOL @Consols_fi]

Introducing Consol Rails

A verification layer for real-world assets.

It never custodies your assets. It holds the issuer to the terms they froze at issuance, on a ledger no one, the issuer included, can rewrite.

🧵

[Xen @XenBH]

Tokenised equities bring yield from outside crypto.

Stocks pay dividends, and lending them out to short sellers is one of the oldest businesses in finance.

I think this will lead to a rerating of DeFi protocols.

[CONSOL @Consols_fi]

@base @jessepollak

[CONSOL @Consols_fi]

Introducing Consol Rails

A verification layer for real-world assets.

It never custodies your assets. It holds the issuer to the terms they froze at issuance, on a ledger no one, the issuer included, can rewrite.

🧵

[CONSOL @Consols_fi]

4/

The rail takes a cut of every settlement it clears.

RWA holders: real-asset yield + 75% of trading fees.
CONSOL holders: 25% of trading fees + 5% of settlement.

Every RWA on Rails pays CONSOL holders.

B20. Mint disabled, admin renounced.

[CONSOL @Consols_fi]

3/

Every RWA on Rails runs the same bus:

register: terms frozen at creation
ledger: positions onchain
reconcile: each period checked against those frozen terms
archive: every payout, append-only, permanent

[CONSOL @Consols_fi]

The first coupon has been distributed.

Day one’s coupon is now claimable. Every $CONSOL holder gets their share of the protocol’s fees, paid in ETH + CONSOL. Just hold, then claim at https://t.co/KajrXn8FEc

Coupons are distributed once daily at 00:00 UTC, so a fresh one lands every day.

Claim each day, or let it stack.

It’s also been broadcast onchain through B20’s native announce(). A permanent, public, append-only record of the coupon that anyone can verify. Not our word for it. The token’s own.

Hold the note. Receive the coupon.

[Base Insights @Base_Insights]

Most bonds still depend on maturity dates, custodians, and paperwork.

@Consols_fi is taking a different route with $CONSOL, an onchain perpetual bond built on Base using the B20 token standard.
> No maturity date
> No lockup
> Redeem to ETH anytime
> Daily coupon accrual
> Rewards paid in ETH + CONSOL

The part I find interesting is how B20 handles the bond structure itself.

The full indenture is written into onchain metadata and frozen, while every coupon declaration is recorded through permanent token events.

Supply is capped at 10,000 CONSOL, minting is disabled, and issuer control has been renounced.

A pretty clean example of how traditional financial products can be rebuilt directly onchain.

[CONSOL @Consols_fi]

Every term of the bond, written onchain.

This isn’t metadata on a website or a PDF you have to trust — the full indenture lives inside the token itself, via B20’s native extraMetadata. Frozen, public, unchangeable.

This is what B20 is actually for. The standard holds the bond.

https://t.co/9VUU76Pm7L

[CONSOL @Consols_fi]

First coupon is live tomorrow.

Today was day one — coupons accrue by the day, so the first one becomes claimable tomorrow. Every $CONSOL holder earns a share of the protocol’s real trading fees, paid in ETH + CONSOL.

No staking — just hold. Claim at https://t.co/KajrXn8FEc, then anytime after.

Hold the note. Receive the coupon.

[CONSOL @Consols_fi]

So what’s your Base wallet?
So what’s your Base wallet?
So what’s your Base wallet?
So what’s your Base wallet?
So what’s your Base wallet?
So what’s your Base wallet?

[0xPercy @percyeth0]

I have just acquired the first position in the bond — 4.45%

I do not intend to keep it. It will be airdropped to the people actually building on @base, and to the community that shows up early. The earliest holders of a thing ought to be remembered.

So what’s your Base wallet?

Old money, new ledger.

[CONSOL @Consols_fi]

⚠️ Our domain is currently being blocked by X for reasons unknown to us.

While we sort it out, you can reach the site through our Linktree https://t.co/KajrXn8FEc

Nothing about the bond is affected.

CONSOL is live and running on @base as normal:
◆ Perpetual — it never matures. Hold it, get paid.
◆ The coupon accrues by the day — every holder earns a share of the protocol’s real trading fees, in ETH + CONSOL, accumulating daily and claimable onchain anytime.
◆ Fixed supply, terms frozen onchain, issuer control renounced. No one can mint, freeze, or seize it.
The domain block is cosmetic. The bond is onchain, and onchain it stays.
Old money, new ledger.

[0xPercy @percyeth0]

I have just acquired the first position in the bond — 4.45%

I do not intend to keep it. It will be airdropped to the people actually building on @base, and to the community that shows up early. The earliest holders of a thing ought to be remembered.

So what’s your Base wallet?

Old money, new ledger.

[CONSOL @Consols_fi]

6/
Hold the note. Receive the coupon. Onchain.

No maturity. No lockup. Exit anytime by selling on the open market.

CONSOL — a perpetual bond on @base.

Old money, new ledger.

[CONSOL @Consols_fi]

Introducing CONSOL

$CONSOL is now live on @base

CONSOL is a perpetual bond, rebuilt onchain — a fixed-supply instrument that pays a real coupon and answers to no one once issued. Built on the B20 token standard.

CA: 0xb200000000000000000000383273ce282eb7cc2f

Website: https://t.co/PajijtLbZb

More below 👇

[CONSOL @Consols_fi]

5/
Why B20?

Base’s B20 standard was built to give issuers the full toolkit of a regulated security — freeze, seize, mint, permission.

CONSOL switches every one of them off, and renounces them. The controls exist only so we could give them away.

[0xPercy @percyeth0]

https://t.co/8Dd2HL1n8l