Follow the money
Treasury & fees
Where Foundry holds funds, who controls them, and how fees are shared.
On this page
The treasury is separate from the sleeves
The treasury holds the assets recognized as backing for FNDY. The RWA sleeve holds stock tokens. The NET sleeve holds NET or its staking receipt, sNET. Those investments are tracked separately and do not count toward recognized reserve backing.
Backing per token is the recognized treasury value divided by total FNDY supply. It is an accounting measure, not a guaranteed selling price. Market price comes from trading in the pool.
The 5% trading fee
Buying or selling through a mapped, taxed FNDY pool incurs a 5% token tax. Ordinary wallet transfers and exempt protocol operations do not. Genesis and bond receipts are not ordinary pool buys. The LP route can still incur pool taxes while creating liquidity.
Collected FNDY is converted to USDG before the proceeds are split. Divergents receives 5% of those converted fees, not 5% of your bond payment or an extra 5% tax.
| Share of converted fees | At launch | After day 30 |
|---|---|---|
| Team / management | 80% | 0% |
| Treasury | 15% | 95% |
| Divergents | 5% | 5% |
The team share decreases gradually during the first 30 days while the treasury share increases. For 100 USDG of fees converted after day 30, 95 USDG goes to the treasury and 5 USDG goes to Divergents.
Can the admin withdraw the funds?
The treasury does not give the admin a general withdrawal button. Its contracts allow specific actions, such as managing eligible reserves or paying a permitted buyback. The exact permissions depend on the deployed contracts.
Sleeves are separate custody wallets. Their owners can authorize transfers, sales and other supported actions. Holding FNDY does not give you control of those wallets or ownership of their investments.
The admin can also manage permitted bond settings and markets. These controls are enforced by contracts; hiding admin buttons alone is not a security measure.
Selling back to the protocol
Where the buyback contract is enabled, it offers 98.5% of backing per token, subject to a limit based on 1% of liquid reserves each epoch. Purchased FNDY is burned.
This is a limited offer, not a promise to buy any amount at any time. Check the quoted USDG payment and remaining capacity. Claiming vested FNDY from a bond is a different action.
Wallet addresses
RWA sleeve · testnet
0x307A9e897af79cEEAC6364c896e6071896BF2Ffe
NET sleeve · testnet
0xDDD552d357FaF4685301236ab1e5A21B03F9A160
RWA sleeve · designated mainnet
0xCCDE97dbeA7A52830a89a3cA2Ef555190F2A773D
NET sleeve · designated mainnet
0xA856EEd4a3a9ba31AbAc7723382AaE12436187c0
Team funds / administrator
0x20ef0B30580FE176d6171DF59344CbC158Ebf867
Divergents fee recipient
0x3E099aF007CaB8233D44782D8E6fe80FECDC321eThese are designated recipients. Verify the recipient wired into the selected contract before sending funds. A mainnet address does not establish a live Foundry mainnet deployment.
Optional formulas and calculators
Backing per FNDY = recognized treasury value ÷ total FNDY supply
Bond payout = payment ÷ bond price
Estimated bond savings vs taxed pool = 1 − (bond price ÷ reference price) × 0.95The examples below do not read your wallet or send transactions. Live purchases also depend on rounding, available capacity, current prices and the selected contract.
Explore the issuance rate
- Market premium
- 1.25×
- Supply issuance rate
- 0.15%
- Next mint budget
- 30 FNDY
- Staked growth when distributed
- 0.3%
- NAV after mint
- 2.39641 USDG
Price and vest a bond
- Bond price
- 9.7 USDG
- Price discount
- 3%
- Total payout
- 10.30928 FNDY
- Vested
- 0 FNDY
- Locked
- 10.30928 FNDY
Follow the fee allocation
- Management
- 40 USDG
- Treasury
- 7.5 USDG
- Divergents
- 2.5 USDG
Contact Foundry
Project contact: dannyelciobanica@gmail.com
For questions about Foundry or to report a security concern, email Danny at the address above.
Foundry protocol handbook · Examples are not live quotes.