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MatrixdockAbout STBT
Matrixdock Short-term Treasury Bill Token
Earn risk-free US treasury yields on-chain, fully backed by US treasury
securities within 6 months maturity and reverse repos

An ERC 1400 standard token exclusively designed for accredited investors

Terms of Use & Disclaimers
Total Supply
48,141,159.44
7-Day APY
4.99%
Total Distributed Interest
$4,236,530.52
More Statistics:
Etherscan
Dune
Chainlink
Mint
Redeem
Swap
Settlement Period
QuickT+1 Days
Balance: 0.00
Max
USDT
Minimum Amount: 100,000.00 USDT
Quick-settle Quota: 5,175,064.27929
Settlement Period
T+4 Days
Balance: 0.00
Max
STBT
Minimum Amount: 10,000.00 STBT
Quick-settle Quota: 0.00
Settlement Period
Instant ~30s
Balance: 0.0000
Max
USDT

Balance: 0.0000
STBT
1 USDT = 1.00816STBT
Max. Slippage: 0.1%
Price Impact
0.00%
Maximum Slippage
Edit
0.1 %
Trade Routed Through
Curve
Connect WalletComplete AI Verification


Get assistance via support@matrixdock.com

Various avenues to trade STBT
About STBT？
What is a STBT Token?
1 STBT token is equivalent to 1 USD of net-asset value (NAV) of underlying
assets.
Interest is distributed via rebasing STBT holders’ balances daily.
Holding 1 STBT

Holding $1.00 worth of U.S. Treasuries

Daily Interest
Performance
All
7-Day APY
Total Distributed Interest

7-Day APY
Total Distributed Interest

Asset Composition of STBT and Reserves

Total STBT Supply

48,141,159.44 STBT

View token contract

Total Reserves NAV

$ 51,471,455.98

View PoR

Assets
Composition of STBT
Composition of Reserves
Maturity
Laddering of Asset Classes
Reverse
Repos
$0.00M
0.00%
$0.00M
1 Day

U.S. T-Bills
$48.14M
100.00%
$49.85M
< 6 months

USD Cash
$0.00M
0.00%
$1.61M
Not applicable



TRANSPARENCY PANEL

Our Transparency Panel is composed of esteemed and industry-recognized experts,
including members of Verified USD Foundation, LayerZero Labs and Curve Finance’s
founder, Michael Egorov. Panel members have on-demand, view-only access to our
reserve assets dashboard and will receive regular asset statements from
accredited brokers.

Learn more
Michael Egorov
Founder of Curve Finance




Mint, Redeem and Yield Flows
Mint
Redeem
Yield

STBT offers a daily quota for T+1* day quick settlement of mint/redeem requests.

The real-time quota can be found in mint and redeem tabs within the
Swap/Mint/Redeem widget.

Requests are allocated on a first-come, first-served basis. If the quota has
been exhausted, remaining mint/redeem requests will usually be settled within
T+3* days (T+4* latest).

*Refers to New York Banking days
OTC Procedure
Mint
Redeem
On-Chain Addresses
1
Submit Issuance Request
Submit the issuance request and add whitelist address via Telegram
2
Deposit Stablecoin
Deposit USDC/USDT/DAI (ERC-20) from your whitelisted address to the dedicated
Matrixdock address
3
STBT Minted
STBT minted to your whitelisted address (up to 4 New York Banking days)
4
Start Your Journey
Start earning from T-bill yields
FAQs
What are the STBT daily rebase rules for interest distribution?

STBT enables daily interest distribution through rebase on Monday-Thursday and
automatic rebase on Friday-Sunday.

At the end of each day during Monday-Thursday (New York time), rebase of STBT
supply will occur to reflect the increase in net-asset value (NAV) of underlying
assets. The corresponding interest will be distributed to STBT holders'
balances. This excludes days when fair market value (FMV) falls or public
holidays falls on Monday-Thursday.

At the end of each day on Friday-Sunday (New York time), automatic daily rebase
will be executed at a dynamic rate which considers both the preceding Thursday's
rebase rate and the composition ratio of Reverse Repos and T-Bills.

Due to the volatility of the T-bill market, it is possible that the FMV on a
given day may trade lower than the FMV of the preceding day. Negative interest
will be accumulated until subsequent increases in FMV result in a cumulative
positive interest amount. Rebase will then be resumed.

These rebase rules will apply, except during special circumstances.
Announcements will be made if specific situations call for exceptions.

How will the composition of underlying assets be determined?

The composition of US T-Bills, repos and cash will be adjusted at appropriate
time points to achieve optimal yields while having the ability to seamlessly
execute mint and redeem requests.

Each asset type’s yield and maturity, as well as market conditions are carefully
considered. Announcements will be made when there are major changes in
composition percentage of any asset type.

How does the issuance and redemption of STBT work?

The process of issuing (minting) and redeeming STBT can be found in the diagrams
of ‘Mint, Redeem and Yield Flows’ on the STBT homepage.

During minting of STBT, Matrixdock will convert the deposited stablecoins to USD
for purchasing of T-bills and reverse repos. An equivalent number of STBT will
then be issued and transferred to your wallet.

During redemption of STBT, Matrixdock will credit the equivalent value of U.S.
dollar-pegged digital stablecoin to your wallet, minus applicable fees. In the
event that this redemption requires a sale of underlying T-bills prior to
maturity, there may be a small difference between settlement price and the
market price of the preceding day. An illustration of figures during redemption
can be found in the documentation FAQ. However, the careful composition of
underlying assets aims to avoid this by laddering asset maturity and having
sufficient amounts of reverse repos.

Issuance may take up to T+4 New York Banking days and redemption may take up to
T+5 New York Banking days. However, a daily quick settlement quota for T+1 day
minting and redeeming is available, and can be viewed in the mint/redeem widget.

Why do the values of total network supply and total asset NAV differ?

Total network supply refers to the total number of STBT tokens issued on the
Ethereum network, while total asset NAV refers to the total net-asset value of
all underlying assets.

The total NAV of underlying assets will always be slightly greater than the
total network supply, ensuring a safe buffer. This provides confidence that all
STBT tokens are fully backed.

What are the fees charged?
Type
Description
Yield / Fees
Frequency
Remarks
Assets Interest
Interest accrued on underlying assets
e.g. 5.0% APY
Every New York Banking Day
Calculated from net increase in NAV
- Custodian Fee
Fee charged by third-party custodian of underlying assets
0.2% Annually
Every New York Banking Day
Deducted from Assets Interest
- Service Fee
Fee charged for Matrixdock’s operations
0.1% Annually
Every New York Banking Day
Deducted from Assets Interest
= STBT Interest
Interest received by STBT holder via rebase
e.g. 4.7% APY
Every New York Banking Day
Equivalent to Assets Interest - Custodian Fee - Service Fee
Redemption Fee
Fee charged based on redemption amount
0.1%
Every Redemption
Deducted in one lump sum
Need more information? Read our documentation
Products
STBT
More TokensUpcoming
Legal & Privacy
AML Statement
Privacy Policy
Support
Contact Us
Gateway to Real-World Assets On-Chain

ALL RIGHTS RESERVED © 2024 Matrixdock
Terms of UseDisclaimers
 * Announcements
   See our latest updates
 * Docs
   More STBT information
 * White Paper
   Check STBT whitepaper
 * FAQ
   Learn about STBT FAQ

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Moving average of APY through a 7-day period
   
 * USDT
   Balance: 0.00
   
 * USDC
   Balance: 0.00
   
 * DAI
   Balance: 0.00



Price changes in the market that happens when a trader buys or sells an asset.
Daily rebase of STBT balances will be executed to distribute interest. Please
refer to FAQ section below for detailed information regarding daily rebase
rules.
   
 * All
 * 7-Day APY
 * Total Distributed Interest



Fully collaterized by U.S. treasuries
$0.00
$0.00
$48,141,159.44
$49,859,424.74
$0.00
Maximum USD Cash composition of STBT is 5%
$1,612,031.24
USD Cash composition in Reserves may include funds-in-transit for buying/selling
Reverse Repos or T-Bills during minting/redeeming of STBT
The estimated exchange rate, including fees