Asset information
How Treasury pairing works
A launch on Numero1.bond is denominated in a quote asset. When that quote asset is tokenised Treasury exposure, the launch is priced and settled in units of that asset. That is the whole of the relationship: a trading denomination.
Pairing is not a redeemable reserve. There is no pool of Treasuries standing behind the launched token, no redemption right, and no price floor. Buying the newly launched token does not confer ownership of Treasuries, of the quote asset, or of any claim on the quote asset's issuer.
Where the quote asset accrues yield — USDY, for example — that yield accrues in the value of the quote asset itself, held by whoever holds it. It is not automatically distributed to holders of a project token launched against it.
A bonding curve is pricing logic. It determines what the next unit costs as supply is sold. It is not a bond, it pays no coupon, and it makes no promise about redemption or maturity. Issuance of bond-backed reserves is outside the scope of this version.
Token risk, issuer risk, liquidity-provider risk, smart-contract risk and migration risk all remain. After a curve completes, liquidity migrates to a constant-product pool, where price is set by that pool, not by the curve.
No numbers implied
What we will not show you
- · No guaranteed or projected APY for a launched token.
- · No pass-through of quote-asset yield to project-token holders.
- · No claim that a test asset holds real Treasury assets.
- · No onchain-looking figure that was not read from an actual account. Anything illustrative is labelled as such.
Quote assets
Status of each asset
USDY Ondo US Dollar Yield
Mainnet integration pending
USDY is a tokenised note backed by short-term US Treasuries and bank demand deposits, issued by Ondo. It exists on Solana, but it is not direct ownership of Treasuries and is subject to non-US and other issuer restrictions. Mainnet execution is disabled in this version, so USDY cannot be used as a live quote asset here. No test copy of USDY is offered — a test mint would not hold any Treasury assets.
OUSG Ondo Short-Term US Government Treasuries
Restricted institutional exposure — not an enabled quote choice
OUSG is offered to eligible institutional investors under transfer and eligibility restrictions. It is described here for context only. It is not, and is not proposed to be, a public quote asset on this launchpad.
SOL Devnet SOL (test route)
Devnet TEST route — not Treasury exposure
Devnet SOL exists only for testing the launch mechanics end to end. It carries no value and no Treasury exposure whatsoever. Any launch created on this route is a test artefact.
Sources
Meteora Dynamic Bonding Curve documentation (docs.meteora.ag) for curve, quote asset and DAMM v2 migration behaviour; ondo.finance/usdy for USDY's described exposure and restrictions.