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PINEAP

Groves

One sleeve per asset.
Two ends of the risk curve.

Each Grove holds one tokenized equity plus its cash sleeve. Depositing into Canopy buys the contracted senior coupon. Depositing into Roots buys the residual — first loss, first upside. Every figure below is read from the vault itself.

Total reserve
0.0000 WETH
Groves open
5
Weighted coverage
1.0000×
Epoch length
8h
AA

grAAPL

Apple · AAPL

Senior coupon of 4.80% a year, contracted in the vault itself. The reserve currently holds 0.0000 WETH and the grove is at epoch 0.

Deposit0xc531Ed44…25aD54

Canopy coupon

4.80%

senior, paid first

Coverage

1.0000×

assets / liabilities

Buffer

0.0000

WETH absorbing first

Canopy assets

0.0000 WETH

Roots assets

0.0000 WETH

Next settlement in 6h 51m

NV

grNVDA

NVIDIA · NVDA

Senior coupon of 5.60% a year, contracted in the vault itself. The reserve currently holds 0.0000 WETH and the grove is at epoch 0.

Deposit0x280eA8c9…Aca7E9

Canopy coupon

5.60%

senior, paid first

Coverage

1.0000×

assets / liabilities

Buffer

0.0000

WETH absorbing first

Canopy assets

0.0000 WETH

Roots assets

0.0000 WETH

Next settlement in 6h 51m

TS

grTSLA

Tesla · TSLA

Senior coupon of 6.00% a year, contracted in the vault itself. The reserve currently holds 0.0000 WETH and the grove is at epoch 0.

Deposit0x3413F8Bb…2871fb

Canopy coupon

6.00%

senior, paid first

Coverage

1.0000×

assets / liabilities

Buffer

0.0000

WETH absorbing first

Canopy assets

0.0000 WETH

Roots assets

0.0000 WETH

Next settlement in 6h 51m

SP

grSPY

S&P 500 ETF · SPY

Senior coupon of 4.40% a year, contracted in the vault itself. The reserve currently holds 0.0000 WETH and the grove is at epoch 0.

Deposit0xe6Ee05F3…cF95b8

Canopy coupon

4.40%

senior, paid first

Coverage

1.0000×

assets / liabilities

Buffer

0.0000

WETH absorbing first

Canopy assets

0.0000 WETH

Roots assets

0.0000 WETH

Next settlement in 6h 52m

QQ

grQQQ

Nasdaq-100 ETF · QQQ

Senior coupon of 4.65% a year, contracted in the vault itself. The reserve currently holds 0.0000 WETH and the grove is at epoch 0.

Deposit0xD98B8fb9…A735Bd

Canopy coupon

4.65%

senior, paid first

Coverage

1.0000×

assets / liabilities

Buffer

0.0000

WETH absorbing first

Canopy assets

0.0000 WETH

Roots assets

0.0000 WETH

Next settlement in 6h 52m

How a Grove is opened

  1. 01

    Deployed

    The Grove is created by the Reserve, wired to the router once, and that wiring can never be changed again.

  2. 02

    Roots seeded

    The protocol funds the junior tranche itself, so early depositors are not the first loss.

  3. 03

    Coverage held

    The buffer is topped up toward 1.05× every epoch before Roots see a single unit of residual.