If I save $10,000 in T-bills, a year of interest buys about…
NVDA.
Estimate at SGOV's growth over the window shown, after Sprig's 10% of the interest. The yield and the stock price both move; this is not a promise.
Six jars. One for each stock you'd like to own.
Every jar saves in the same T-bill token. They differ only in what the interest buys.
…- Saved here
- $0
- Bought so far
- 0
…- Saved here
- $0
- Bought so far
- 0
…- Saved here
- $0
- Bought so far
- 0
…- Saved here
- $0
- Bought so far
- 0
…- Saved here
- $0
- Bought so far
- 0
- Saved here
- $0
- Bought so far
- 0
How a jar grows.
Into the jar of the stock you want: NVDA, TSLA, SPCX, AAPL, GOOGL or SPY.
A Stock Token of a short-term US Treasury bill fund. Its price rises as the bills pay interest.
Only the SGOV worth more than all savers' deposits is sold. Your principal is never touched.
The interest buys the jar's stock on Uniswap, within 1% of the Chainlink price, shared by deposit size.
Claim the stock whenever you like. Take your deposit back in USDG, or as SGOV with no swap.
What it costs, plainly.
T-bill interest is a few percent a year, so the swap in and out matters. Save for months, not days, or take SGOV in kind when you leave.
The USDG to SGOV swap: a 0.05% pool fee plus price impact, which grows with size. On $10,000 it was about 0.36% in our tests.
The same swap back. Take SGOV in kind instead and there is no swap at all.
Sprig keeps a tenth of each harvest, plus a 0.10 USDG tip for whoever runs it.
No fee on the principal, no lockup, no exit fee.
Questions.
Is my deposit at risk?
It is held as SGOV, a token of a fund of short-term US Treasury bills, whose price moves very little. It can still fall, and the token depends on its issuer and on Chainlink. The contracts are new and unaudited.
How much does a year of interest buy?
Over the last months SGOV's price grew at the rate shown at the top of the page. A jar turns that growth, less 10%, into its stock. The number moves with the yield and with the stock's price.
When do I get my stock?
A harvest runs once a day when there is at least 1 USDG of interest to collect. Your share of the stock is ready to claim straight after.
Why not just buy the stock?
This way your dollars stay dollars. Only the interest goes into the stock, a little at a time, so a fall in the stock never touches your deposit.
Can I leave any time?
Yes. Withdraw any part of your deposit in USDG, or as SGOV in kind, and claim your stock whenever you like.