Issuer planning model

What does one Treasury cost onchain?

Estimated gas an issuer pays to auction, launch, allocate, and service one regulated Treasury. The model uses one mid-fee assumption and excludes bond principal, coupon cash, legal work, custody, and offchain KYC.

ETH / USD

Using editable fallback...

Network

Treasury profile

Issuer cost

Launch and operate the bond

This is the gas budget paid by the issuer or its operator. Auction cash, bond proceeds, coupon payments, and maturity principal are not fees.

Total issuer gas cost - -

Planning gas price - Single mid-fee assumption

Issuer transactions - Before batching or sponsorship

Issuer operating assumptions

Wallet counts drive gas; the offering's dollar size does not.

Verified auction bidders One issuer-paid eligibility write per bidder. Winning allocation wallets One issuer-paid allocation per winning wallet. Include registry deployment The shared eligibility registry is normally reused across bonds.

Issuer gas breakdown

Measured contract calls and modeled auction operations are labeled separately.

Phase	Issuer operation	Transactions	Gas / tx	Total gas	ETH	USD	Basis
Total issuer / operator cost					-	-

Base estimates include a mid L1 data-security allowance in addition to L2 execution gas.

Holder gas

What bidders and holders pay to transact

These costs are paid by the wallet submitting a bid, redemption, or transfer. The table shows the holder-paid, self-service baseline; an issuer or paying agent can sponsor the payout transactions instead.

Brokerage-style payouts

Holders do not need to claim every payment themselves

After funding a coupon or maturity payment, the issuer or its paying agent can call claimFrom(holder, holder) for each account and absorb the gas and operational overhead. Proceeds are forced to the holder: the operator cannot redirect them. Coupon payouts need no prior approval because no bond units are burned; maturity redemption requires the holder to grant the paying agent a one-time ERC-20 allowance for the units that will be burned.

This matches the familiar brokerage-account experience: coupon cash and maturity proceeds arrive in the account without the investor monitoring every payment date and submitting every claim. Requiring manual claims remains available for self-custody, but it is clearly the worse default user experience. With sponsored payouts, the redemption gas shown below moves from the holder to the issuer or paying-agent operating budget.

All modeled holder activity - -

One bid - -

One redemption - -

One transfer - -

Secondary transfers to price

Activity	Holder transaction	Transactions	Gas / tx	Total gas	ETH	USD	Basis
Aggregate across all modeled holder transactions					-	-

Can the network match Treasury trading?

One reported Treasury trade is modeled as one regulated token transfer.

FINRA TRACE marketable Treasury trades320,455Bills, nominal coupons, FRNs, TIPS & STRIPS · July 13, 2026

10-hour average-Current market pace

10x burst target-Planning headroom

Chain planning rate-Selected transfer workload