cSPY is redeemable for a share of its SPY reserve.
Indexed observations. Price · USD.
Sampled finalized observations. Lines connect the recorded prices around a single brief missing sample, within 2.5 sampling intervals and never more than 15 minutes. No price is assigned to that missing sample; it remains unavailable in the cursor and table. Consecutive missing samples and longer outages remain gaps. Zoom or drag to explore; press and hold on touch screens to inspect a point.
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Trade SPY for cSPY through the pool.
Pool fee 1%Catch fee 3%
The quote includes the pool and hook charges. Your minimum received is enforced onchain. Unspent input stays in your wallet; swaps expire after five minutes. ETH is needed for network gas.
One separate reserve. A fixed supply. A visible release schedule.
Redeem cSPY for its share of this reserve. The redeemed tokens are permanently burned.
| Step | Allocation | Remaining | Raw price / cSPY | Raw cost to clear |
|---|---|---|---|---|
| 28,718.16 cSPY | 28,718.16 cSPY | 0.00017035 SPY | 4.89 SPY | |
| 27,971.6 cSPY | 27,971.6 cSPY | 0.00020799 SPY | 5.82 SPY | |
| 27,244.44 cSPY | 27,244.44 cSPY | 0.00025394 SPY | 6.92 SPY | |
| 26,536.19 cSPY | 26,536.19 cSPY | 0.00031005 SPY | 8.23 SPY |
Each band contains four fixed steps. Only primary purchases advance the cursor; secondary trading and burns do not reset it. Allocations show the schedule, not predicted demand.
Raw prices use this family’s fixed launch reference of $773.51 per SPY. USD amounts use the current indexed conversion, not that launch reference. A purchase must pass the coverage gate and pays the higher of the raw price and backing-protected price. These are not executable quotes.
$8.51K more liquid reserve is required. Settled market fees and direct irreversible SPY reserve transfers count; pending fees do not.
0xad2a032b99ede1ce2f03d2f1ba5a1b790f98592eExplorer 0x07b90e…4ed7ad0xe47059…93c0cc0xad2a03…98592e0xbc1acf…ca767b0x542b34…db02170x53ecc7…422c380xe47059…93c0cc0xc78f00…ed592b0x49d88b…e4d77a0x21acbc…b49c120x8366a3…e40951Fixed at deployment. Nothing mints more.