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.

NVDAxd
dNVDAx
NVIDIA · devnet pool
PoolFair$0.360
Devnet
Sell dNVDAx
dNVDAx
You receive today
$0.00USDC
Average price
Price impactEnter an amount
Minimum received · 1.0% slippageEnter an amount
Pool fee0.30%
Slippage tolerance
No dNVDAx yetSplit NVDAx first →
Trades settle in the dNVDAx/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.
NVDAxd
dNVDAx
12 month dividend coupon on NVIDIA
Pool depth · devnet
dNVDAx reserve
USDC reserve
Depth
Fair value from mainnet data
NVDAx priceJupiter live$215.57
× Trailing 12m growth4 real bumps0.1670%
= Fair valueper coupon$0.3601
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 NVDAx bumps · mainnet
4 total
Sep 10, 20261.000918 → 1.001701+0.078%
Jun 4, 20261.000103 → 1.000918+0.081%
Apr 2, 20261.000066 → 1.000103+0.004%
Dec 26, 20251.000031 → 1.000066+0.003%
Replay on chain →