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.

QQQxd
dQQQx
Nasdaq 100 · devnet pool
PoolFair$2.473
Devnet
Sell dQQQx
dQQQx
You receive today
$0.00USDC
Average price
Price impactEnter an amount
Minimum received · 1.0% slippageEnter an amount
Pool fee0.30%
Slippage tolerance
No dQQQx yetSplit QQQx first →
Trades settle in the dQQQx/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.
QQQxd
dQQQx
12 month dividend coupon on Nasdaq 100
Pool depth · devnet
dQQQx reserve
USDC reserve
Depth
Fair value from mainnet data
QQQx priceJupiter live$715.61
× Trailing 12m growth5 real bumps0.3456%
= Fair valueper coupon$2.4732
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 QQQx bumps · mainnet
5 total
Sep 19, 20261.002725 → 1.003456+0.073%
Jun 21, 20261.001955 → 1.002725+0.077%
Mar 28, 20261.001105 → 1.001955+0.085%
Dec 31, 20251.000208 → 1.001105+0.090%
Oct 31, 20251.000000 → 1.000208+0.021%
Replay on chain →