Docs

How an OTC desk works

A desk is an NFT that owns a vault. The vault fills with tokenised assets over time, and whoever holds the NFT owns whatever is in it.

1. 01

   What you get

   Minting burns 100,000 OTCFLOW and issues an NFT whose vault address is derived from it. The vault is what makes it a desk rather than a picture: it holds real tokenised assets, it is owned by the NFT rather than by your wallet, and it travels with the NFT when you sell.

2. 02

   Activating a desk

   A freshly minted desk earns nothing until it is activated. Solana will not let one account hold more than one kind of token, so each asset in the rotation needs its own account on the desk, created and rent-funded ahead of time — and 10 of those do not fit in the same transaction as the mint. That is the only reason this is a second step, and it is done once.

3. 03

   Waiting costs nothing

   What a desk is owed is recorded from the moment it is minted and keeps accruing whether its accounts exist or not. Rounds skip a desk with nowhere to deliver, then pay it in full the first time it can receive.

4. 04

   What a round does

   The moment the pot clears 0.1 SOL it is spent — all of it — on whichever asset is next in the rotation. What it bought is split equally across every live desk. Not proportionally, not weighted by how long you have held: one desk, one share.

5. 05

   Where the money comes from

   Every mint pays a 0.5 SOL surcharge on top of the burn, and 0.45 of it goes straight into the pot. That is the whole source. Nothing here generates yield on its own, and a round only happens when enough mints have filled the pot to trigger one.

6. 06

   What the protocol takes

   0.05 SOL of each surcharge, and nothing else. The deposit is burned rather than collected, the rent belongs to your own accounts and comes back when they close, and the protocol takes no cut of what a round buys.

7. 07

   Selling a desk

   The vault is derived from the NFT, so transferring the NFT transfers everything the vault holds. There is no second step and nothing to withdraw first — which also means a desk should be priced on what is inside it, not only on what it cost to mint.

8. 08

   The risks

   A desk is an NFT, not a security or a claim on the protocol. Rounds depend entirely on new mints filling the pot, so they can slow down or stop. Tokenised assets carry the price risk of what they track, and OTCFLOW is not live yet — nothing on this site is a promise of a return.