How units are priced

A unit tracks a real reference price, pushed on chain by a keeper and hard-bounded by the contract itself.

How the mark is formed

• The reference tracks a real object: a Rolex Datejust 126300 (about $12,500) and a Huracan EVO (about $300,000).
• A permissioned keeper pushes updates. The contract caps each move at plus or minus 5% and rate-limits updates to every 30 minutes.
• An immutable price band of [half, 2x] the seed can never be exceeded, whatever the keeper submits.

Issuance

Mint a unit with USDG at the live oracle price; every unit bought arrives fully backed by the buyer's own USDG. Burn a unit to redeem USDG at navPrice(). Burn can never be paused, and every burn increases solvency. Units also trade on their own Uniswap v4 pool; mint and burn are the zero-slippage bulk path.

The 0.30% unit pool fee

The ROLEX/USDG and LAMBO/USDG pools charge a fixed 0.30% fee, identical to the mint/burn window fee. The only LP in those pools is the maker contract itself, so sync() sweeps the trading fees back into the unit's backing. Anything above full backing is protocol surplus withdrawable by the treasury Safe. It is not a creator fee; unit pools have no creator.