Products · the shelf
The T-bill rate, in four tokens.
Each class is an ERC-20 backed one-for-one by short-dated U.S. Treasuries on Robinhood Chain. Subscribe with stablecoins from $1, earn the ordinary bill coupon net of a 0.15% fee, and redeem 24/7 with T+0 settlement.
01 — Product shelf
Choose a maturity profile
$BYTODE
Short-Term Treasury
0–3 month T-bill ladder with an instant-liquidity buffer. The flagship — deepest reserves, tightest tracking.
4.52%
Net APY
21d
WAM
$318.4M
AUM
$1.0413
NAV
$BYTODE3M
3-Month Bill Ladder
A laddered rung of 13-week bills for a steadier, slightly higher-duration yield.
4.31%
Net APY
64d
WAM
$96.2M
AUM
$1.0288
NAV
$BYTODEi
TIPS · Inflation-Linked
Treasury Inflation-Protected Securities — real yield that adjusts with CPI.
4.02%
Net APY
1.4y
WAM
$41.7M
AUM
$1.0091
NAV
$BYTODEo
Overnight Repo Sweep
Overnight reverse-repo collateralized by U.S. Treasuries — the shortest, most liquid rung.
4.61%
Net APY
1d
WAM
$62.9M
AUM
$1.0006
NAV
02 — Maturity ladder
How the reserve is laddered
The flagship holds a rolling ladder of 0–3 month bills so cash matures continuously — funding redemptions without ever forcing a sale. Weighted-average maturity sits at 21 days.
03 — Underlying reserve
What backs the shelf
Every token is issued against a segregated basket of individual T-bill lots, overnight reverse-repo and a settlement cash buffer. This is the lot-level register, marked daily.
$591,028,615
Market value
112
Lots held
107d
Weighted-avg maturity
04 — Yield projector
Model a position
Project your income
$BYTODE @ 4.52%
$27,365
+$2,365
3-mo T-bill @ 3.8%
$26,974
+$1,974
Projected income
$2,365
+$391 vs T-bill
Net-of-fee projection · daily NAV compounding · yields track U.S. Treasury rates and vary · not financial advice