What does a treasury cost to service on-chain?

Here we estimate the cost to service the entire lifecycle of a treasury on Ethereum and Base. We model the 10 year note, with semi-annual coupon payments, and the 52 week treasury bill, which is a zero-coupon bond with a single payment.

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Using editable fallback...
Network
Treasury profile
Issuer cost

Distribute and service the bond

Selected Treasury - -
Initial holder wallets - Assumed holder count
Bond cashflows - -
Total issuer gas cost - -
Total issuer gas cost per year - -
Planning gas price - Single mid-fee assumption

Issuer gas breakdown

Distribution and holder payments use batches of 100 wallets per transaction on both networks. -