System Overview
Three-Token Stack
Singular Protocol Innovations
SLP (Singular Liquidity Provider) — Settlement Rail
Fully-reserved USD-denominated unit for fees, settlement, LP collateral. Transfer-restricted (Reg D/Reg S), segregated custody, monthly attestations. No revenue share; reserve yield funds ops/risk buffers and SLP-denominated fee rebates.
sTokens (e.g., sSpaceX, sOpenAI) — Synthetic Exposure
ERC tokens delivering cash-settled economic exposure to a Reference NAV for a named private company/vehicle. Not equity, not claims, no voting. Transfers enforced via allow-list & jurisdiction/accreditation flags (Reg D/Reg S). Periodic redemption windows in SLP at published NAV (fees/caps apply).
SD — Protocol Governance & Value Capture
Governance of bands/fees/OI limits/auction rules/treasury. 10–15% of net protocol revenue is used for TWAP buyback-and-make SD (added to band-LP programs) to deepen books; no distributions.
Singular: Tokenized PE, Done Properly
A multichain exchange and issuance stack purpose-built for late-stage equity:
Programmable Shares: Transfer-restricted tokens (KYC/AML/whitelists), corporate actions on-chain, audit trails by design.
Fair Liquidity: Monthly auction windows plus NAV-band AMMs for continuous trading without toxic flow.
Truthful Pricing: NAV oracles sourced from fund admin feeds, appraisals, and verified transaction prints.
Instant Settlement: Stablecoin rails for capital calls, distributions, and redemptions—finality in minutes, not weeks.
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