Sell next year'sdividends today.
COUPON tears your SPYx into a share token and a 12 month dividend coupon. Keep the stock. Sell the income for cash today, or buy someone else's below fair value.
SPYx · liveTokenized equityXsoC…DF2WHold. Split. Sell.
100 SPYx in your wallet. The dividends are real, but they arrive as multiplier bumps you cannot spend.
The vault tears it in two. pSPYx keeps the shares. dSPYx carries every bump for the next 12 months.
Sell the coupon stubs to a buyer for cash today. Your exposure to the index stays exactly where it was.
Price your coupon in ten seconds.
Live SPYx price on Solana. Yield taken from the last 12 months of real SPYx multiplier bumps on Solana, nothing assumed.
Every coupon traces back to a number onchain.
We read the SPYx mint on Solana mainnet and its Token-2022 scaled UI amount config. Each dividend is a multiplier bump. A dSPYx holder receives exactly the units each bump adds.
Who sells the coupon, and who buys it.
Long term holders turn a year of slow multiplier drips into one payment today.
- Keep 100% of index exposure through pSPYx
- Get paid upfront for income you would wait a year for
- Recombine p + d into SPYx whenever you want
Buy dSPYx below fair value and collect every bump the issuer applies until maturity.
- Pure income exposure, no need to own the index
- Payout set by the onchain multiplier, not a promise
- Priced off live prices and the real bump history
The fine print, in plain words.
Backed reinvests each SPY dividend into SPYx by raising the Token-2022 multiplier on the mint. The increase between the old and new multiplier is the dividend. dSPYx is entitled to exactly that increase on the deposited base units for 12 months.
Because we only use what the chain shows. SPYx dividends are reinvested net of withholding tax, so the realized onchain yield is lower. We price coupons from the real bumps, never from a marketing number.
Prices are the live Solana market price from Jupiter. The coupon price is that live price × the past 12 months of multiplier growth. Multipliers are read from the SPYx mint on Solana mainnet. The vault is a real Solana program on devnet: split, recombine, claim, redeem, a faucet, and a constant product pool per coupon. It runs on devnet test tokens whose Token-2022 multipliers mirror the mainnet values, so nothing trades on mainnet.
Your next four dividends, in hand today.
Connect Phantom, split SPYx and price the coupon against live prices and real chain data.