WANTED
for the war chest
SGOV
5.8%
bond discount
Vesting15 watches · 5 days
Bond price$29.60
Capacity62% filled
reward paid in $WOOD
OPEN
I.The Ledger · Proof of Reserve
Every arrow in the quiver, counted.
A currency should be backed by assets you can count. Sherwood's treasury simply holds them: tokenized T-bills paying real yield, equities settled on Robinhood, and the protocol's own trading liquidity — the same assets carved as runes into the great oak.
Backing per $WOOD is computed from live balances, dividend multipliers and oracle prices — not a dashboard's word. A contract's.
Treasury net assets · live
$4,209,813
Backing / WOOD
$31.42
WOOD outstanding
133,985
Audit cadence
every block
SGOV 41.0%
USDG 22.0%
WOOD∕USDG POL 17.1%
tSPY 7.8%
tTSLA 7.0%
tAAPL 5.1%
| Asset | Holdings | uiMultiplier | Value | Share |
|---|---|---|---|---|
| SGOVtokenized 0–3mo T-bills0x51aE…90Ve | 17,150 sh | 1.00095752 | $1,726,489 | 41.0% |
| USDGreserve stable0x8aC1…44dF | 926,014 | — | $926,014 | 22.0% |
| WOOD∕USDGprotocol-owned liquidity · v40xP0L1…c4fE | 1.9M LP | — | $719,900 | 17.1% |
| tSPYS&P 500 ETF0x5pY0…11Aa | 590 sh | 1.00000000 | $330,400 | 7.8% |
| tTSLATesla, Inc.0x7e5L…a0b2 | 890 sh | 1.00000000 | $292,810 | 7.0% |
| tAAPLApple Inc.0xAaP1…93Cd | 1,020 sh | 1.00000000 | $214,200 | 5.1% |
| Treasury total133,985 WOOD outstanding | $4,209,813 | 100% |
Every entry publicly verifiable · dividends accrue via uiMultiplier (ERC-8056) · figures illustrative
II.The Heist · Bonds
Steal from the market makers.
Give to the holders.
Bonds sell $WOOD at a discount for the assets the treasury wants — stables, T-bills, stocks, and LP. Every bond deepens the floor, and every LP bond buys the forest its own liquidity, so no market maker is ever paid rent again.
WANTED
for the reserve
USDG
4.2%
bond discount
Vesting15 watches · 5 days
Bond price$30.10
Capacity38% filled
reward paid in $WOOD
OPEN
WANTED
for the long hunt
tTSLA
7.1%
bond discount
Vesting21 watches · 7 days
Bond price$29.19
Capacity81% filled
reward paid in $WOOD
OPEN
WANTED
for the deep pools
WOOD·USDG LP
9.3%
bond discount
Vesting21 watches · 7 days
Bond price$28.57
Capacity100% filled
reward paid in $WOOD
SOLD OUT
III.The Camp · Staking
Nock. Draw. Hold.
Stake $WOOD, receive sWOOD, and every eight hours — one watch — the camp divides the spoils. Rebases mint against treasury surplus, so the yield is honest and your share of the forest stays yours.
(,) is not a promise that the price only rises. It is a promise that the ledger never lies.
Next rebase
--:--:--
until the third watch ends
Rebase / watch
0.23%
APY
1,204%
Staked (,)
87.4%
APY is emissions, not profit: rebases dilute every unstaked holder while your staked share of supply stays ≈ constant. The real return is the treasury compounding underneath it.
95% of backing
Borrow up to
$29.85 / WOOD
$29.85 / WOOD
0.50%
Fixed APR
no expiry
no expiry
Zero
Price
liquidations
liquidations
IV.The Vault · Loans
Your bag is a credit line.
Because backing is real, you can borrow against it. The Vault lends USDG against staked $WOOD at the backing floor — fixed rate, no expiry, and no price liquidations: the loan is written against what the treasury holds, not against what the market fears.
Sell nothing. Owe the Sheriff nothing.
V.The Greenwood Band · Range-Bound Stability
Price walks. Backing marches.
A premium left to wander is what breaks a reserve currency. Sherwood tethers price to backing in both directions from day one: below the band the treasury bids with real reserves; far above it, it sells into strength. The floor was tested once — 10 June — and held.
Price · Backing · 120 days
Price
Backing
RBS band
Below the band
The treasury bids with reserves — buying WOOD under backing is free money for the floor.
Inside the band
Price roams free. The premium is the market's opinion; the backing is the contract's fact.
Above the band
The treasury sells into strength, banking the premium as new reserves for the next winter.
VI.The Ballads · Docs
The tokenomics, sung plainly.
Every mechanism in the protocol has a ballad, and every ballad ends in a moral you can verify.
The Ballad of the Bond
He brought the forest T-bills bright,
and laid them at the oak;
five days he waits, his WOOD then vests —
a discount for good folk.
Moral — A bond trades a discount for time. The treasury keeps the principal forever.
The Ballad of the Watch
The horn is blown, the spoils are split,
three watches to the day;
who holds his ground keeps all his share —
the rest is APY.
Moral — Rebases are emissions, not profit. What staking preserves is your fraction of the forest.
The Ballad of the Floor
The Sheriff sold the greenwood short
to break us at the bough;
the treasury bought his panic whole —
the floor is holding now.
Moral — Below the band the treasury bids with real assets; far above, it sells. Price walks; backing marches.
The forest, translated
- Watch
- One eight-hour rebase epoch — three to a day.
- The Camp
- Staking. Stake $WOOD, receive sWOOD.
- The Heist
- Bonds. Buy $WOOD at a discount with assets the treasury wants.
- The Vault
- Loans. Borrow USDG against your backing floor.
- The Band
- Range-bound stability — the corridor price is held within.
- Ranger
- A visitor in demo mode. Nothing here is deployed.
- The Sheriff
- Whoever is betting against the floor.
- POL
- Protocol-owned liquidity — the forest owns its own market.