Floor bid

The price

The bid pays 1.5% below floor-bid backing: liquid Treasury USDG plus protocol-owned liquidity, divided by ROTEO supply. It is priced from, and spends only, that liquid backing. The Strategy Sleeve is left out entirely, because its value can fall without an onchain transaction.

Capacity

Each 8-hour epoch, the bid can spend the smaller of 5% of the Treasury's liquid reserves and 0.25% of ROTEO supply valued at 1 USDG. Unused capacity does not carry over.

When it matters

Only when the pool trades below the bid. Above it, selling in the pool pays more and the bid simply waits. Every token it buys is burned below backing, so each sale to it raises Hard NAV for everyone still holding.