Wire Capital Management
$WIRE mint: 7qmMuC2QiGCL4GtCjkFTcMxuuXacazh91GGtbmVWpump · Solana mainnet. Desk programs (stake, bonds, levy) come online after the fund is wired to this mint.
Stake WIRE, hold xWIRE. The index grows each epoch; unstake returns WIRE × index. Rate is zero at or below NAV.
Primary Offerings sell WIRE at a posted discount to the tape, floored at NAV. Every bond is accretive to backing.
What the 5% levy pays for
Five percent on canonical-exchange trades. At genesis the split vests from a front-weighted team share down to 0% team / 5% treasury, permanently. After day 30 the whole levy is reserve inflow.
Night Wire
A nightly prize draw funded by distribution yield. Deposits stay yours.
The Catalog
Boxed programs. Every sale routes value into reserves.
Carrier Desk
Borrow USDC against staked WIRE. A levy on every loop.
Tape Desk
WIRE-margined trading on the fund's own terminal.
Buyback Program
A standing bid below NAV that buys and retires shares.
Primary Offerings
Subscriptions at a posted discount. Never sold below NAV.
Dividend Program
Enrolled shares compound every eight hours at an algorithmic rate.
Canonical Exchange
The fund-owned pool. The levy applies here. The rest of the desks read this tape.
No shareholder account on the line. Connect a Solana wallet to view WIRE and SOL.
Stake, bonds, and vested shares come online after the fund desks are wired to this mint.
| Desk | What it does | Feeds | Status |
|---|---|---|---|
| Dividend Program | Stake WIRE, receive xWIRE. Index grows every 8 hours from the premium formula. | Keeps the register full | PRE-GENESIS |
| Primary Offerings | Sells WIRE at discount to tape, floored at NAV. | Reserves + owned liquidity | PRE-GENESIS |
| Buyback Program | Standing bid below NAV. Buys and retires. | The floor | PRE-GENESIS |
| Carrier Desk | Borrow USDC against staked WIRE. Optional loop. | Levy on every loop | PRE-GENESIS |
| Night Wire | Nightly draw. Principal stays yours; the pot is yield. | Every entry stakes WIRE | PRE-GENESIS |
| The Catalog | Boxed programs. Printed odds. Reserve remittance on every box. | Reserves | PRE-GENESIS |
| Tape Desk | WIRE-margined trading terminal. | Levy on the tape | PRE-GENESIS |
| Canonical Exchange | Fund-owned WIRE/USDC pool. Source of TWAP. | The tape | PRE-GENESIS |
A share. A floor. A formula. Desks that pay the reserve.
1. WIRE is a reserve share. Every share is backed by at least 1.00 USDC of risk-free value in the treasury. That floor is an on-chain cap, not a promise. The distributor cannot mint a share the treasury cannot stand behind.
2. You buy, stake, or bond. Buy on the canonical pool (levy applies). Stake to receive xWIRE; the index grows every 8 hours. Bond to subscribe at a discount to the tape — never below NAV, so every bond raises backing.
3. The dividend is a function of premium. Premium P = market price ÷ NAV. At or below NAV, the rate is 0%. At 1.75× or higher, it runs at 0.45% per 8-hour epoch. Between those points it is linear. No committee.
4. Products turn the wheel. Night Wire, the Catalog, Carrier, and the Tape Desk are storefronts. Each one either buys WIRE, stakes WIRE, or pays the levy.
5. The fund quotes both sides of NAV. It sells (bonds) at or above NAV. It buys (buybacks) below NAV. It does not dilute the floor.
rate = 0.45% × clamp((P − 1) / (1.75 − 1), 0, 1) per 8-hour epoch. APY assumes the premium holds for a year and the reserve cap never binds.
| Premium P (price ÷ NAV) | Rate / epoch | Daily | APY (arithmetic max) |
|---|---|---|---|
| ≤ 1.00× | 0% | 0% | 0% |
| 1.10× | 0.060% | 0.180% | ~93% |
| 1.24× | 0.145% | 0.437% | ~391% |
| 1.50× | 0.300% | 0.903% | ~2,558% |
| ≥ 1.75× | 0.450% | 1.356% | ~13,552% |
We are building the reserve currency of Solana.
Solana already settles the most used assets in crypto around the clock: dollars, issuance, markets that do not close. A market like that deserves a native reserve asset — a share that is always backed, always priced against a published portfolio, and always accumulating more of the real economy underneath it. WIRE is our answer, and Wire Capital Management exists to manage it like a fund, in public, permanently.
WIRE is a reserve share. Every share is backed by at least one USDC in the fund's on-chain reserve portfolio, the portfolio earns yield rather than sitting idle, and the fund's mandate is to diversify those reserves, over time, into productive on-chain collateral.
We do not market a token and wait. We ship products. Each one is a working desk with its own customers, and each one routes value to the reserve by construction.