sgov last
—
ishares · nav
a memecoin paired with treasury bills. the fees come back as t-bills.
01
live
sgov 30d yield
—
ishares · sec yield
drip mcap
—
pons v2
holders
—
blockscout
02
the route
trade on pons
creator fee
routed to holders in $SGOV
Pons v2 routes creator fees in the paired asset: a launch priced in $SGOV pays its
creator fees in $SGOV, with nothing converted to ETH along the way. That is a platform
feature of Pons, not something built here — the fee split and the payout asset are
enforced by the Pons hook and fee escrow. Read it in the
pons v2 docs.
03
activity
every row below is an onchain transaction. click any hash.
fee wallet
| time | type | amount | tx |
|---|---|---|---|
| — | |||
newest first · 20 rows · read from blockscout
04
the pair
SGOV is the iShares 0-3 Month Treasury Bond ETF. It holds nothing but US Treasury bills maturing in three months or less, tracking the ICE 0-3 Month US Treasury Securities Index, and it pays out monthly.
A T-bill is short-dated government debt: you lend the US Treasury money for a few weeks and are repaid at face value. Because the term is so short, there is very little room for interest rates to move against you, and the borrower is the entity that issues the currency the loan is denominated in. That combination — full faith and credit, almost no duration — is why short-dated government debt is treated as the closest thing to a risk-free asset, and why the T-bill rate is the benchmark everything else is priced against.
Fund page, from the issuer: ishares.com — SGOV. Closest to risk-free is not risk-free; the fund can still lose value.
05
risk
Memecoins routinely go to zero. This one can too, and most do. The pairing does not change that: holding drip is not holding T-bills, and the value of the token is set by whatever someone will pay for it, not by the fund it trades against.
Fee routing depends entirely on trading volume. No volume means no fees, and no fees means nothing is routed — for a day, a month, or permanently. Nothing here is a yield, a distribution, or a promise of one, and nothing here is investment advice.
No deposits are taken. No funds are held or managed on anyone's behalf. Trading happens on Pons and fees are settled by Pons contracts; every figure and every row on this page is read from public sources and can be checked independently.