One token. Two engines.
They spin each other.
$SWAN pays two sides at once. Traders fund vault owners, vault fees reward token holders, and each side pulls the other faster. The more the protocol is used, the harder the wheel turns.
$SWAN pays two sides, and each one feeds the other.
Two reward streams run in opposite directions and compound. One points at vault owners, the other at token holders.
Trade tax → vault owners
Every $SWAN buy or sell skims 1% (in ETH). The pool distributes to vault owners, weighted by deposit size × time held. Fund a vault, earn a cut every time the token trades. Only funded, active vaults qualify.
Protocol fees → token holders
Real vault management fees buy back $SWAN to hold a price floor, and drip safe yield (USDG on Morpho) to stakers. Revenue from actual assets under management, not emissions.
Use spins it. Spin compounds it.
Each turn makes the next one easier. Traders pay vault owners, deposits grow, fees grow, holders earn, demand grows, and that brings more trading straight back to the top.
The two highlighted stages are where money lands: traders pay feeds vault owners, holders earn feeds the token. Every other stage is the wheel carrying value from one side to the other.
Pick a side. Or take both.
The two roles aren't exclusive. Most people who believe in the wheel end up on both ends of it.
Hold or stake $SWAN
- A share of real protocol fees, paid from vault revenue.
- Constant on-market buyback pressure holding a floor under the price.
- Safe yield (USDG on Morpho) dripped to stakers, plus a say in the agent's default policy.
Own a funded vault
- A cut of every single $SWAN trade, weighted by your deposit size and how long you've held.
- Your vault's own base yield on idle capital, running the whole time.
- A lower management fee, and it drops further if you pay in $SWAN.
Get on the wheel before it spins up.
SWAN vaults are live on Robinhood Chain. Open the app to create yours, and get the earliest word on the $SWAN launch.
Open the app →