BuyBuy Capital Management · Base

Shareholder Desk

Everything a holder of $BUY can see and do, on one page. Nothing on it can be acted on yet: no contract is deployed, so every button below is switched off, and every number is a worked example rather than a reading.

What a $BUY is: A share in a treasury. The treasury holds ordinary assets — dollars, ether, bitcoin, and the liquidity its own token trades against — and you hold a claim on them. There is no yield-bearing business behind it and nothing is lent out.
What backing means: Those assets, divided by the shares in issue. It is the price the treasury stands ready to buy a share back at, and nobody has to decide to honour it — it is what the contract does. It is not the price you pay to buy in. The market sets that, and it is higher today.
What you can do: Three things. Deposit shares and receive newly issued ones at the end of every epoch; subscribe to new shares below the market price by paying in an asset the treasury keeps; or sell shares back to the treasury at backing. Each one is set out below with the figures it depends on.
What is live: None of it. There is no token, no treasury and no contract yet — not a queue, not a waitlist, nothing to buy. This is the shape of the thing, filled in with a worked example so you can read it before it exists.

The Two Prices

One is what the treasury would pay you for a share. The other is what the market would charge you for the same share. They are different numbers, they are meant to be, and the distance between them is where a holder’s risk lives.

Backing per share: 11.66 USDC; What the treasury would pay you for one $BUY. It is the treasury’s assets divided by the shares in issue, and the standing bid is placed at exactly this price. See the assets →
Market price: 15.42 USDC; What you would pay somebody else for one $BUY. Nobody sets this figure and nothing defends it; it is only what the last buyer agreed to.
Paid above backing: 3.76 USDC; Buying at the market price costs +32.24% more than the treasury’s price for the same share. If the market fell to backing, that difference is what you would lose. Risk factors →

Illustrative — the contracts are not deployed. Every figure on this page is a worked example, fixed at 26 August 2026, 00:00 UTC, and none of it is a live reading. Nothing here is an offer, a forecast, or a record of past performance.

Your Position

What you hold, what you have deposited, and what either would be worth if the treasury’s bid were open. The figures on the right are the worked example, the same for every reader; they are not anybody’s balance.

There is nothing to connect to. No contract is deployed, and the figures shown are a fixed example that would not change if you connected a wallet.

Held: 214.882 BUY; Shares sitting in your wallet. You can move them, sell them to somebody else, deposit them, or sell them back to the treasury.
Deposited: 1,842.6041 sBUY; Shares you have put into the dividend programme. They are still yours; the balance itself grows at the end of each epoch, so there is nothing to claim.
Next distribution: 0.2845 BUY; What the epoch ending 26 August 2026, 04:00 UTC would add to your deposit at the current rate. It is newly issued, not earned: holders who have not deposited pay for it by being diluted.
Value at backing: 23,990.74 USDC; What the treasury would pay for all 2,057.4861 BUY you hold, if the bid were open. Sold on the market instead it would be 31,726.44 USDC today — more, and guaranteed by nothing.
Vesting — USDC: 63.407 BUY; Shares from a subscription you have paid for but not yet received. 12.884 BUY can be taken now; the rest arrives by 29 August 2026, 04:00 UTC.

What You Can Do

Three programmes, and no others. None of them is open, and each one is closed for its own reason, printed under its button.

1 · Deposit

Put $BUY into the dividend programme and you receive sBUY in return. At the end of every epoch — every 8 hours — your sBUY balance goes up on its own.

What arrives is newly issued shares, not revenue. The protocol earns nothing on your behalf; it prints and hands the new shares to depositors. Deposit and your slice of the supply holds. Do not, and it shrinks by the same amount.

The staking contract is not deployed, so there is nothing to deposit into.

Rate, annualised: 18.42%; The current rate extended out to a year. It is a description of today, not a forecast, and nothing obliges it to stay there.
Rate, per epoch: 0.0154%; What one epoch actually adds. The annual figure above is this compounded 1095 times, which is where most of it comes from.
Index: 7.4188; One share deposited at inception would be this many shares now. It is the running total of every distribution so far.
Epoch: 341; Distributions land at the end of an epoch, not continuously. This one ends 26 August 2026, 04:00 UTC.
Supply deposited: 81.12%; 1,041,873.9 of 1,284,306.42 BUY are already in the programme. The higher this is, the less depositing gains you relative to everyone else — and the more staying out costs you.

2 · Subscribe

The treasury sells new shares below the market price, and you pay for them in an asset it keeps — dollars, ether, or liquidity. You do not receive the shares at once. They vest over the stated term, and you carry the price risk for all of it.

A subscription is only offered when it settles above backing, because that is the one thing that makes backing per share go up. When nothing clears above backing, nothing is offered.

The depository is not deployed and no market is open, so there is nothing to subscribe to.

Bond markets: what you pay with, the price, the discount, how much is left and how long it vests
Pay with	Price (USDC)	Discount	Capacity left	Vesting	Status
USDCUSD Coin	14.71	+4.60%	412,000of 600,000	5 days	Not open
BUY/USDCAerodrome Slipstream liquidity positionLiquidity subscription	14.38	+6.74%	288,500of 400,000	7 days	Not open
WETHWrapped Ether	15.63	−1.36%	0of 250,000	5 days	Not open

How to read a row: Price is what one $BUY costs through that market, Discount is how far that sits below the market price, Capacity left is how much more the treasury will take before the market closes, and Vesting is how long you wait for the shares after paying for them. A row with no capacity left is sold out, not cancelled.

3 · Sell to the treasury

Sell $BUY back to the treasury at backing. The shares you sell are destroyed and the dollars leave the reserve together, so the ratio the price is calculated from does not move when you go.

The bid is capped per epoch. A reserve anyone can draw on without limit can be drawn to nothing in a single block, so the cap is what keeps the bid standing for the holder who comes after you.

The buyback contract is not deployed, so the bid does not exist yet and no reserve is held against it.

Bid price: 11.66 USDC; What the treasury pays per share. It equals backing by construction — it is not a price anyone chooses, sets, or can move.
Market price: 15.42 USDC; What you would get selling to somebody else instead, today, for as long as somebody is bidding it. The treasury’s bid is lower and does not depend on anyone showing up.
Reserve available: 1,684,000 USDC; The dollars actually on hand to meet the bid. The rest of the treasury is not dollars, and cannot pay you without being sold first. What it holds →
Per-epoch limit: 240,000 USDC; The most the treasury will spend buying shares back in one 8-hour epoch. 62,400 USDC of it has been used in this one.
Room left this epoch: 15,231.2739 BUY; Shares the treasury could still take in before this epoch ends — 177,600 USDC of capacity. Past that you wait for the next epoch; you are not turned away.

What Backs It

Backing is not an argument, it is a list. This is the list, and dividing its total by the shares in issue is where the 11.66 USDC at the top of the page comes from.

Only the first line is dollars. Everything under it moves with the market, which means backing moves with the market too, downwards as readily as up.

The full table — how each holding is valued, and why two of them are excluded from risk-free value — is on the treasury page.

Treasury holdings, with the value of each and its share of net asset value
Holding	Value (USDC)	Share of NAV
USDCUSD Coin	8,420,000	56.23%
BUY/USDCAerodrome Slipstream liquidity position	3,182,400	21.25%
WETHWrapped Ether	1,689,773	11.28%
cbBTCCoinbase Wrapped BTC	1,043,532	6.97%
USDeEthena USDe	639,590	4.27%
Net asset value	14,975,295	100.00%

Net asset value: 14,975,295 USDC; Everything above, added up. Divided by the 1,284,306.42 shares in issue it gives backing per share.
Risk-free value: 8,420,000 USDC; The 56.23% of the treasury that is dollars and stays dollars. It is the part of backing that a bad week cannot take away.

Before You Act

Nothing above can be acted on today, so there is time to read. Four documents, and each one answers a different question.

Prospectus: What the thing is, in full: how a share is issued, how a subscription is priced, and what the treasury may and may not do with what it holds.
Risk Factors: Every way this can lose you money, written down and not softened. If you read one, read this one.
Treasury: The holdings, one row each, with the valuation method for every line and the reason two of them are excluded from risk-free value.
Governance: There is no administrator key, no pause and no upgrade path. Nobody can change the parameters — not us, not a vote, not in the event that changing them would be the sensible thing to do.

Read the prospectus