$SILVER · PONS · Robinhood Chain
Ounces of silver set aside
0 oz
+0 oz this week
Ounces per 1M $SILVER
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Net of trust expenses
Vault value
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Fees converted
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100% of PONS creator fees
Next buy
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Executes every 6 hours
What we set aside, week by week
Silver bought with that week's fees. One bar, one week. Nothing else goes into the vault.
Ounces behind 1 million $SILVER
Supply is fixed and the vault never sells, so share count only climbs. The trust's 0.50% annual expense trims a sliver of metal off each share, and this line is net of that. It is the one number worth watching.
The whole rule
1% fee on every $SILVER trade. 70% goes to the creator. That 70% buys silver. Always. No exceptions.
1
The trade pays
Every swap in the PONS pool takes 1%.
FeeCollector is registered as the creator payee, so the 70% lands as ETH on Robinhood Chain.2
The bridge
ETH swaps into USDC, then crosses to BNB Chain over LayerZero, where
SLVon trades.3
The buy
Above $25k the treasury mints
SLVon at NAV through Ondo, so pool depth never bites. Below that, a TWAP split across PancakeSwap and Uniswap.4
The lock
The metal lands in a Safe with no sell function. Nobody, the team included, can take it back out.
What the token is worth vs what it holds
Market cap on top, silver actually in the vault below. The gap between them is the mNAV.
mNAV
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Market cap / silver held
Floor per token
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Metal value, ignoring the market
Average buy price
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Ounces sold
0
Since day one
What is in the vault
SLVon is Ondo's tokenised iShares Silver Trust — economic ownership of BlackRock's silver ETF, physical metal held in JPMorgan's London vaults. Ounces are derived from the trust's published backing per share.
| Asset | Issuer | Network | Amount | Ounces | Value |
|---|
Price oracle
XAG / USD
Chainlink, live on Robinhood Chain
Spot price used
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Feeds the mNAV
Custody
Safe 3 / 5
48-hour timelock, no exit path
Backing per share
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Less 0.50% a year in trust expenses