Coupon
MarketsSplitTradePortfolioReplayFaucet
Prices live · JupiterMultipliers · MainnetVault · Devnet
MarketsSplitTradePortfolioFaucet
Trade

Cash now, or income later.

Sell a dividend coupon into its onchain pool and get paid today, or trade the share on its own: base units without the dividends, priced below the stock.

GOOGLxd
dGOOGLx
Alphabet · devnet pool
PoolFair$0.620
Devnet
Sell dGOOGLx
dGOOGLx
You receive today
$0.00USDC
Average price
Price impactEnter an amount
Minimum received · 1.0% slippageEnter an amount
Pool fee0.30%
Slippage tolerance
No dGOOGLx yetSplit GOOGLx first →
Trades settle in the dGOOGLx/USDC constant product pool of the coupon_market program on devnet, paid in test USDC. The fair value on the right uses live mainnet data and set the pool's opening price.
GOOGLxd
dGOOGLx
12 month dividend coupon on Alphabet
Pool depth · devnet
dGOOGLx reserve
USDC reserve
Depth
Fair value from mainnet data
GOOGLx priceJupiter live$341.17
× Trailing 12m growth4 real bumps0.1816%
= Fair valueper coupon$0.6196
Pool priceonchain

The pool opened at the midpoint of an 8% seller discount and a 5% buyer discount to fair value. After that, only trades move the price.

Last 12 months of GOOGLx bumps · mainnet
4 total
Sep 4, 20261.001927 → 1.002377+0.045%
Jun 7, 20261.001508 → 1.001927+0.042%
Mar 7, 20261.001015 → 1.001508+0.049%
Dec 15, 20251.000560 → 1.001015+0.045%
Replay on chain →