Surplus

America's largest companies in one token on Solana, each stock where it earns more than holding it.

VjKCt9XXKQ5zjR2xf8hNyXc6VRJHMqrGaK7p7NtPLUS

[Surplus @surplus__codes]

Inspired by Galaxy’s research, we set out to work out how tokenized stocks should be put to work in DeFi.

Today we’re releasing US100 and the $SURPLUS token.

CA : VjKCt9XXKQ5zjR2xf8hNyXc6VRJHMqrGaK7p7NtPLUS

https://t.co/6yi4YwMxKP

[Surplus @surplus__codes]

US100 strikes once per US trading day at the 16:00 ET close, the same way mutual fund orders fill at the next NAV. All the USDC queued that day buys every company's slice in one batch, and that batch pays its own trading costs, so existing holders never get diluted.

It's Sunday in the US, so Monday's close is the first one.

Will keep pushing, thanks 🫡

[ed @degentradersol]

@surplus__codes Not fudding, sick idea and tek, but why is the first strike on Monday at 16:00 ET? Hope u keep pushing and updating cause this has a mega potential

[Surplus @surplus__codes]

@pump16z No.

[Surplus @surplus__codes]

US100 is one token that holds America's largest companies as tokenized stocks, weighted by market cap.

To earn, up to 25% of each company goes either into a pool against the same stock from another issuer (like NVDAx/NVDAon), where the fund is the only LP and keeps every swap fee, or into Kamino lending.

Each position is measured against simply holding the stock, and if it isn't ahead for 7 days, anyone can close it and the stock goes back to the fund.

There's no management fee: 80% of what these positions earn stays in the fund, and 20% buys SURPLUS and burns it.

https://t.co/fzWLFFEMqe

[real @icannotlie22]

Can you explain your entire yeild strategy in like 3-4 grammatically correct sentences? I would buy and hold if you did. It sounds like you are making this extremely complicated and hard to understand because it’s just another larp rug. If you can explain it in a way that anyone understands it would be way fucking higher

[Surplus @surplus__codes]

@pump16z Nothing's in the fund yet.

The first strike runs Monday at the 16:00 ET close, buys every company's slice, and that's when the numbers fill in.

[Surplus @surplus__codes]

twin sleeves routable through Jupiter is live.

[Surplus @surplus__codes]

what we're building next, in order:

1. twin sleeves routable through Jupiter, and US100 against USDC any time, not just at the close
2. US100 as collateral, so you borrow against the market instead of one stock
3. more indices on the same program: a US500, sectors, dividend payers, the LSE / HKEX / Xetra names already on Solana
4. the fund lending its own stocks to shorts and hedgers, at rates it sets
5. the USDC waiting for a strike sitting in tokenized Treasuries

each one ships as a post quoting this one.

[Surplus @surplus__codes]

No oracle prices a US100 share.

A share is an exact fraction of the fund, company by company. At the strike the keeper buys a slice of every company in it with the batch's USDC.

No price goes into that, so no bad price can mint a share cheap. each batch pays its own trading too, so the people already holding don't pay for your buy.

[Surplus @surplus__codes]

TX : https://t.co/LR4FGzhJus

[Surplus @surplus__codes]

Another burn incoming.

Deflation is real.

[Surplus @surplus__codes]

There was a minor bug in the burn crank, so we completed this burn manually.

The automated crank will be up and running within 2–3 hours.

A cycle where everyone's in Surplus.

[Surplus @surplus__codes]

what we're building next, in order:

1. twin sleeves routable through Jupiter, and US100 against USDC any time, not just at the close
2. US100 as collateral, so you borrow against the market instead of one stock
3. more indices on the same program: a US500, sectors, dividend payers, the LSE / HKEX / Xetra names already on Solana
4. the fund lending its own stocks to shorts and hedgers, at rates it sets
5. the USDC waiting for a strike sitting in tokenized Treasuries

each one ships as a post quoting this one.

[Surplus @surplus__codes]

TX : https://t.co/3jhWD6YVX0

[Surplus @surplus__codes]

There was a minor bug in the burn crank, so we completed this burn manually.

The automated crank will be up and running within 2–3 hours.

A cycle where everyone's in Surplus.

[Surplus @surplus__codes]

We'll be running our first Flywheel burn cycle using the fees generated from our LP.

[Surplus @surplus__codes]

@pump16z Let's make some surplus!

[Surplus @surplus__codes]

We'll be running our first Flywheel burn cycle using the fees generated from our LP.

[Surplus @surplus__codes]

P.S. It’s fixed!

DEXScreener is now detecting our token, and we’re updating the info.

[Surplus @surplus__codes]

Yes, we’ve tried updating our DEXScreener info, but it isn’t detecting our token yet.

We’re working on it.

[Surplus @surplus__codes]

The whole first buy, start to finish:

[Surplus @surplus__codes]

Yes, we’ve tried updating our DEXScreener info, but it isn’t detecting our token yet.

We’re working on it.

[RAIZ @RAIZ_75]

@surplus__codes Will you get dex sorted, insane web + unique project

[Surplus @surplus__codes]

Just fixed CORS issue.

US100 minting is now working normally again.

[Surplus @surplus__codes]

shares = supply × min(slice ÷ holding)

This is how it works.

[Surplus @surplus__codes]

the best pool partner for a stock is the same stock from another issuer.

NVDAx and NVDAon are both Nvidia, from xStocks and Ondo. they barely drift apart, so a pool between them trades almost flat and keeps the fees.

if you hold NVDAon and want to post it on Kamino, you need NVDAx. that's one swap on /twins now, not sell to USDC and buy back. and the fee stays in the fund.