The reserve
Every coin on Stabledollar pays 30 basis points of each trade into a single vault. The keeper sweeps it into tokenized Treasuries. This page is what that reserve is doing right now.
against
Franklin Templeton and the FOBXX figures identify the reference only. Yield and WAM are a published static figure as of 2026-08-08, not a live feed. Reference rate only. Stabledollar is an academic project and is not affiliated with, endorsed by, or partnered with Franklin Templeton.
Ordinary least squares on log NAV of Ondo USDY over 364 sessions, annualized. r² 0.828
-44 bps vs Franklin OnChain U.S. Government Money Fund · WAM 12 days · reference rate as of 2026-08-08
Reserve versus reference rate
Stabledollar’s reserve is quoted against the closest listed analogue: a government money market fund whose shares are recorded on public blockchains.
| Metric | Stabledollar reserve | FOBXX(reference) |
|---|---|---|
| Yield (annualized) | 3.74% | 4.18% |
| Reserve asset | Ondo USDY | BENJI share token |
| Collateral | Short-duration UST + bank deposits | US government securities |
| Weighted average maturity | ≤ 6 months | 12 days |
| Settlement | T+0 on Solana | T+0, blockchain-recorded |
| Rate basis | OLS on log NAV, 364 sessions (r² 0.83) | 7-day yield, as reported |
Reference column: Franklin OnChain U.S. Government Money Fund (FOBXX), managed by Franklin Templeton. The 4.18% 7-day yield and 12 days WAM are a static reference as of 2026-08-08, not a live feed. Reference rate only. Stabledollar is an academic project and is not affiliated with, endorsed by, or partnered with Franklin Templeton.
Sweep ledger
- Sweeps run
- 0
- Total swept
- 0.0000 SOL
- Last sweep
- Never
- Pending in vault
- 0.6566 SOL
- Epoch
- 20m
Reserve asset
- Instrument
- Ondo USDY
- NAV
- $1.14
- Measured rate
- 3.74%
- Fit quality (r²)
- 0.828
- Sample
- 364 sessions · 365d
- Mint
- A1KLoB…7sEto6 ↗
How the rate is calculated
USDY accrues by NAV appreciation rather than rebasing, so its yield has to be read out of its price. Endpoint-to-endpoint drift is not good enough: daily venue noise on Solana runs about ±0.3%, while 30 days of accrual at 4%/yr is only ~0.35%, so the signal sits inside the noise, and a 30-day fit lands at r² ≈ 0.01. Stabledollar instead fits an ordinary least squares line to log NAV across a trailing year of sessions, where ~4% of cumulative accrual dominates that noise band, and annualizes the slope. The r² above is how much of the NAV variance the fit explains; if it drops below 0.35 the estimate is treated as unreliable and the panel falls back to the published reference rate rather than printing a number it cannot stand behind.
Reference rate only. Stabledollar is an academic project and is not affiliated with, endorsed by, or partnered with Franklin Templeton. Reference figures are attributed to Franklin Templeton and are static as of 2026-08-08.