$BLEND

$BLEND is our flagship Vino product. It is a cash-savings product made up of tokenized T-Bills and other relevant investment-grade credit assets. Designed to offer the most basic market yields, $BLEND is ideal for cash management and wealth preservation.

How $BLEND Works

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$BLEND is a ERC-20 token issued by a ERC-7540 vault, that represents a share of the assets in the vault. $BLEND increases in price as yield is accrued, similar to the underlying RWA collateral tokens.

Mint: $BLEND can be minted directly from the vault using USDC at any time permissionlessly.

Swap: $BLEND can be bought or sold on secondary markets permissionlessly. We intend to support integrations with Uniswap and other DEXs.

Burn: If a user registers with Vino, their $BLEND token can be redeemed directly from the vault.

Given $BLEND can be redeemed for its proportional share of the assets (NAV per token), $BLEND should trade on the secondary market at or very close to its true value due to the ability for market participants to mint and burn tokens at it’s NAV per token.