Monero exposure on Ethereum, in a token you can redeem
Every trade feeds a Monero treasury. It has no withdrawal function, so what goes in
stays in — until you redeem your share of it.
Supply
998,962,427
Reserve/token
only rises
Swap fee
1%
To team
0%
Owner
none
Mint fn
none
Live
reading both chains…
Read directly from Ethereum and Robinhood Chain in your browser when this page loaded. No
server sits in between, and nothing here is a figure we typed in.
The treasury reads zero until 9 September. The first harvest has already run — 0.2028 ETH
left the pool and is sitting in the bridge's seven-day exit queue on its way to Ethereum.
It lands 9 September, and the Monero conversion starts the same day. Both transactions
are linked below, on-chain, already mined.
Coverage · treasury ÷ market cap
…
The share of what a buyer pays that is actually reserve, and the share of
your holding that is Monero exposure. Rises from 9 September, when the first harvest
clears the bridge.
Supply
…
only ever falls
Treasury · ETH
…
on Ethereum
Treasury · wrapped Monero
…
converted from fees
Locked supply
…
…
Liquidity
…
…
Fees awaiting harvest
…
at the portal, not yet burned or swept
Price
…
market cap
Both directions of trade pay the holders
An ordinary Uniswap V4 pool. A hook skims 1% of swap output and routes it so that whichever
way the trade went, the value behind every token goes up. The team's cut is zero. There is no
function that would let it be otherwise.
A buy shrinks the denominator, a sell grows the numerator. Neither path routes anywhere a
person can intervene, and neither pays anything to us.
Selling pressure, the thing that normally just bleeds a token, is what funds the floor
underneath it.
Redemption can't drain it. That's the whole trick.
Burn some tokens, pay out their share of the treasury, and both sides of the fraction fall by
the same proportion. The value per token doesn't move:
reserve′ = R − xR/S supply′ = S − x
nav′ = R(S−x)/S ÷ (S−x)
= R/S← unchanged
Because it's neutral, redemption can stay permanently open to anyone. It can't
be drained, can't be front-run, can't dilute anyone who stays. And it creates a floor: if the
price falls below the treasury value, anyone can buy and redeem for the difference until it
doesn't.
Don't take our word for any of it
Every claim on this page is a link. Source is published, so you're reading the contract, not a
description of it.
No owner, no mint, no pause, no blacklist, no upgrade path
Read the token source. It's short
Every ETH the fee engine collects is converted into wrapped Monero and held in the treasury
on Ethereum. It is never sold and never spent — it only ever leaves when a holder redeems
their share of it. So the reserve behind every token is a growing position in XMR.
That means two things move your claim. Fees arriving, and the price of Monero itself. If XMR
appreciates, the treasury appreciates with it, and so does the floor under every token. This
is not a token that pays you a stream you have to sell. The exposure is the holding.
How much exposure, exactly
The coverage figure at the top of this page. If coverage reads 5%,
then 5% of what you paid is reserve and the rest is the market's view of the mechanism.
It is one number, published live, and it is the honest answer to
"how much of this is really Monero?"
Where it comes from
Trading. Every sell pays 1% into the treasury, which converts to
wrapped Monero on a fixed route with a cap and a time-weighted price floor, so the
conversion cannot be sandwiched. Nobody decides when or how much. The contract does.
The dependency, stated
Wrapped Monero is issued by BTSE, who custody the underlying XMR and
publish reserve proofs. That is a real third party and you are trusting them, not us. No
contract can verify a Monero reserve proof, which is why this cannot be moved on-chain.
Removing that dependency is what we are working on next. A synthetic position would give the
same exposure without a custodian, but it introduces a solvency problem the current design
does not have: a claim denominated in XMR and backed by ETH goes short of collateral the
moment XMR outruns ETH. Solving that properly is the work. We would rather say that plainly
than put a date on it.
What is locked, and until when
The two things a single wallet could otherwise use to end a project like this are the team's
supply and the pool's liquidity. Both sit in contracts with no owner, no admin and no early
exit. The dates are on-chain, so read them yourself rather than taking this page's word.
865,000,000 PI · 86.6% of supply
Releases to one fixed address on 2 September 2027, not a day
sooner. Nobody can move it before then, us included.
The entire initial liquidity position
0.85 ETH and 85,000,000 PI, full range, held until
2 September 2027. It cannot be pulled.
Not locked
50,000,000 PI, 5% of supply, kept liquid for development. Said plainly
here because you would find it anyway.
Both contracts are short and their source is published. The release function in each is
callable by anyone once the date passes, and can still only ever send to the single address
written in at construction. There is no path that ends anywhere else.
Buy
PI trades on Robinhood Chain. You need ETH on that chain first. Bridge it at
portal.arbitrum.io,
which takes a few minutes, then swap.
The treasury and the portal share an address string across the two chains. That isn't a typo.
Both were the first deployment from the same wallet on their respective chains, so they derive
identically. Check the chain, not just the address.
Privacy Inu · $PI · Robinhood Chain (4663) · reserve on Ethereum · figures as of 2 Sep 2026
The treasury builds from trading fees, so its backing grows over time. Redemption is always
open and clears in about a week.
Not an offer, not investment advice, not a promise about price.