Coins onT-bills.
Send ZEC, get a live coin. Theraise sits in a treasury fund
Every coin here is quoted in SGOV, a tokenized 0–3 month Treasury bond fund. Pay in Zcash. No wallet to connect. The raise sits still. The coin still moves.
A short note on what ZBills is, what it isn't, and why the boring part is the point. But first, the shape of a coin here:
The quote asset
SGOV. A tokenized fund of 0–3 month US Treasury bills. It is what buyers pay with, and what the curve holds.
The curve
A bonding curve on PONS v2. Price steps up as the coin is bought and down as it is sold. Demand sets it, nothing else does.
The vault
Every buy puts SGOV into the curve. Every sell takes it out. In between it is a pile of a T-bill fund, and it moves about as much as one.
Graduation
When the curve reaches its threshold, the SGOV and the remaining coins move into a Uniswap pool and trading carries on there.
The fees
One payment in ZEC to launch, shown before you send. 2% of each trade to the founder. Nothing hidden.
The founder
Names the coin and sends ZEC to the address shown. No wallet to connect. The coin launches by itself and ZBills lists it.
The raise sits in a fund that barely moves.
Why T-bills
Most launchpads quote a coin in something volatile. The raise sits in ETH or in another coin, and whatever your coin does, the pile underneath it is on its own ride.
ZBills quotes every coin in SGOV instead: the iShares 0–3 Month Treasury Bond ETF, tokenized. A fund of the shortest US government paper there is. Its price moves about as much as a savings account does.
So the vault holds a treasury fund. The coin's price still moves with demand on the curve, and can go to nothing. That part is unchanged. What's different is what the raise is sitting in while everyone decides.
What moves, and what mostly doesn't.
Two different things
It is worth being precise here, because the mix is the whole idea. A coin on ZBills is two things sitting on top of each other, and they behave nothing alike.
The coin. Its price is set by a bonding curve: every buy pushes it up, every sell pulls it down. It can go a long way up and all the way down.
The vault. It holds SGOV, a fund of 0–3 month T-bills. It doesn't spike and it doesn't crater. It sits there, which is the point.
A coin on ZBills is not a T-bill, pays you nothing, and is not safer than any other coin. The raise underneath it is just parked somewhere calm.
Launch. Buy.
Sell. Graduate.
Four things can happen to a coin on ZBills. A launch is paid for in ZEC, with no wallet to connect. Every trade after that is signed by the person making it, from their own wallet.
A founder names the coin and sends ZEC to the address shown. It launches by itself, usually within about 15 minutes of the payment confirming: a curve is created with SGOV as its quote asset. A payment that is short or never arrives goes back to the refund address they gave.
A buyer approves SGOV and buys on the curve. Their SGOV goes in, the coin comes out, and the price steps up for the next buyer.
Selling is the reverse: coin in, SGOV out at the curve's current price. The founder keeps a 2% creator fee on each trade.
At the threshold (roughly 100 SGOV at today's price) the curve closes, and its SGOV and remaining coins move into a Uniswap pool. Trading continues there, at whatever price the pool finds.
SGOV, plainly.
The quote asset
What it is. The iShares 0–3 Month Treasury Bond ETF: a fund holding US Treasury bills that mature within three months, tokenized as an ERC-20 on Robinhood Chain. It is the only asset a coin on ZBills can be quoted in. The four parts below are what that means for a coin.
Launch with ZECPrices on the curve are in SGOV. One coin costs so many SGOV, not so many ETH.
The SGOV that buyers put in stays in the curve until someone sells or the coin graduates.
Launching is one payment in ZEC. On every trade, 2% goes to the founder as the creator fee.
A sell returns SGOV at the current curve price. After graduation, the pool does the same job.
Questions, answered plainly.
FAQ
We would rather you leave knowing exactly what this is than stay because you didn't.
- 01Is a coin on ZBills backed by T-bills? Its curve is quoted in SGOV, so the SGOV that buyers paid in sits in the curve. That is the backing: a claim on what is in the curve, at the curve's current price, and nothing more. The coin itself is not a T-bill.
- 02Can I lose money? Yes. The coin's price is set by demand on the curve. If people sell, it falls; if nobody wants it, it is worth nothing. What SGOV does has very little to do with that.
- 03Is anything insured or guaranteed? No. Nothing here is insured, guaranteed, or backed by anyone's promise. It is a set of contracts on Robinhood Chain that do what they say, and we make no claims beyond that.
- 04Does the coin earn the fund's yield? No. ZBills pays you nothing. Whatever SGOV does inside the curve happens to the curve as a whole; the coin has no yield of its own.
- 05What does it cost? One payment in ZEC to launch: the launch page shows a Zcash address and the exact amount before you send anything. On every trade, 2% goes to the founder as the creator fee. Traders also pay gas, which goes to the chain.
- 06Do I need a wallet? Not to launch. You send ZEC to the address shown and the coin launches by itself; if the payment is short or never arrives, the ZEC goes back to the refund address you gave. To trade you do: buyers and sellers sign from their own wallets, on the market page, and ZBills never holds their keys.
- 07What happens at graduation? When the curve reaches its threshold, roughly 100 SGOV at today's price, it closes, and the SGOV and remaining coins move into a Uniswap pool. From then on trading happens there.
- 08Is a raise a promise? No. A raise is SGOV sitting in a curve. It says nothing about what the founder will do next, and ZBills cannot make them do anything.
If your question isn't here, ask us on X. We won't dress up the answer.
The numbers, and only the numbers.
There are no volumes, users or partners to show you yet, and we won't invent any. These are the parts that are fixed, and they are all of them.
ZEC
What a launch is paid in. One payment by the founder, to the address shown, for the amount shown.
2%
The creator fee. Taken on every trade on the curve and paid to the founder.
SGOV
The only quote asset. iShares 0–3 Month Treasury Bond ETF, tokenized on Robinhood Chain.
4663
Robinhood Chain's id. Where the curves, the SGOV and every trade live.
0
The number of wallets a founder has to connect to launch. Trades are signed by the trader, from their own wallet.