Matures
Days left
Ledger
State
Fee 10 bps in · 0 out
You depositBalance max
S
cleave · rate 1.0000 pairs per token
s
The share, delivered at maturity
Redeems the baseline when the series settles
0.00Share Token
d
Every dividend until then
Credited as each one lands, claim any time
0.00Dividend Token
Fee 0.00Merge back any time, free
Pairs to merge (one ST + one DT each)Max max
s+d
merge · rate 1.0000 tokens per pair
S
You receive
The baseline for each pair. Any dividends the DT already earned stay claimable.
0.00stock token
Dividends accrued to your DT, in stock, before the 5% fee
You receive after the fee

Each classified dividend credits every DT holder in proportion to balance. Claim moves the accrued stock to your wallet. Selling the DT afterwards keeps what it already earned.

Both halves trade against the stock itself on Uniswap v3. The Share Token pool sits on the 0.05% tier just under par; the Dividend Token pool sits on the 1% tier in a wide range.

Share Token
fair value = baseline ÷ (1 + drip left)
Dividend Token
fair value = the drip left this term, per pair
If ST + DT ever price above the baseline in the pools, cleave and sell. Below, buy both and merge. Either trade pays whoever closes the gap.
This series is still active. Redemption opens at maturity. Until then, merge is the way out, free.