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.
ddMSFTx
Microsoft · devnet pool
PoolFair$2.597
Sell dMSFTx
dMSFTx
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 dMSFTx/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.
ddMSFTx
12 month dividend coupon on Microsoft
Pool depth · devnet
dMSFTx reserve
USDC reserve
Depth
Fair value from mainnet data
MSFTx priceJupiter live$527.71
× Trailing 12m growth4 real bumps0.4921%
= Fair valueper coupon$2.5967
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 MSFTx bumps · mainnet
4 totalAug 20, 20261.004582 → 1.005903+0.132%
May 21, 20261.003065 → 1.004582+0.151%
Mar 12, 20261.002157 → 1.003065+0.091%
Dec 11, 20251.000978 → 1.002157+0.118%