Trade
Cash now, or income later.
Sell a dividend coupon into its onchain pool and get paid today, or trade the share on its own: base units without the dividends, priced below the stock.
ddAAPLx
Apple · devnet pool
PoolFair$0.857
Sell dAAPLx
dAAPLx
You receive today
$0.00USDC
Average price
Price impactEnter an amount
Minimum received · 1.0% slippageEnter an amount
Pool fee0.30%
Slippage tolerance
Trades settle in the dAAPLx/USDC constant product pool of the coupon_market program on devnet, paid in test USDC. The fair value on the right uses live mainnet data and set the pool's opening price.
ddAAPLx
12 month dividend coupon on Apple
Pool depth · devnet
dAAPLx reserve
USDC reserve
Depth
Fair value from mainnet data
AAPLx priceJupiter live$345.03
× Trailing 12m growth4 real bumps0.2485%
= Fair valueper coupon$0.8575
Pool priceonchain
The pool opened at the midpoint of an 8% seller discount and a 5% buyer discount to fair value. After that, only trades move the price.
Last 12 months of AAPLx bumps · mainnet
4 totalAug 8, 20261.002664 → 1.003269+0.060%
May 9, 20261.002019 → 1.002664+0.064%
Feb 12, 20261.001393 → 1.002019+0.062%
Nov 13, 20251.000782 → 1.001393+0.061%