VαLD is a reserve-floor token — ETH flows into a visible balance sheet, rETH underneath compounds the backing, and the floor lifts without emissions or an operator schedule.
A reserve-floor token whose ETH backing compounds through rETH while the market exposes a live balance-sheet floor.
iThe pool is a balance sheet.
iiThe reserve is the floor.
iiiThe math is the marketing.
§01
the problem
Passive token liquidity can quote a price, but it rarely explains what backs the market. VαLD treats ETH flow as reserve capital and makes the backing legible to holders.
The official market should show what backs it.
§02
reserve pool
The market is presented as a reserve pool: buys add backing, sells draw against liquid buffer or reserve value, and every quote is framed by the visible pool balance rather than by an abstract LP story.
§03
rETH reserve
Net ETH is split between a liquid ETH buffer and Rocket Pool rETH. rETH appreciation becomes the productive layer below the visible reserve floor.
§04
floor math
The displayed floor is derived from virtual ETH cushion plus live reserve value divided across fixed VALD supply. It is balance-sheet based, not an APY promise.
§05
parameters
supply
10,000,000 VALD
fixed at deploy
virtual cushion
10 ETH
sets launch surface
reserve route
ETH + rETH
balance-sheet backing
launch cap
20,000 VALD
first 50 blocks
treasury
0x71dd…599b
reserve operations wallet
dev
0xd27c…1bc
deployment wallet
§06
honest risks
VALD is experimental. rETH carries external protocol and liquidity risk. The market curve is not a normal constant-product AMM. The floor is reserve-based, not a promise of profit.
live state
block · live