[ANN] Assetrix DAO (ASTRX) — mint price never falls, redemption always open

[AssetrixDAO]

What this is? Assetrix DAO is a protocol that issues ASTRX, a token backed by collateral held in the contract. Two things make it different from the tokens usually posted here. The first is the mint price — what the contract charges to create a new token. It is set by the contract, not by a market, and it never falls. In the first phase follows a fixed curve. In the second it grows with time at a rate the holders vote on, recomputed every second. The direction is one-way by construction. The second is redemption. Any holder can return tokens to the contract at any time and receive a proportional share of the collateral. That path is unconditional. It is not rationed, not paused, not subject to a queue. Between those two lines sits the market price, and it belongs to the market. It can rise. It can fall. The contract does not set it and does not defend it. What the contract does is keep the floor underneath it and move the ceiling above it in one direction only. The corridor Backing per token is the floor: what redemption pays today. The mint price is the ceiling: what entry costs today. A dilution fee, a spread on volatile collateral, a concentration surcharge, burns and pool-favourable rounding all work in the same direction — they defend the floor. With stablecoin collateral the protection level holds exactly as specified. With volatile collateral it weakens as that collateral moves, and the contract softens that but does not remove it. The white paper says so in those words, and so does the site. What is NOT happening here No presale. No public sale. No private round. No bounty campaign, no signature campaign, no airdrop, no referral payments. Nothing is for sale and nothing is being collected. If someone offers you ASTRX today, they are selling you something that does not exist yet. We are not asking this forum for money. We are asking it to argue with the document. The white paper describes the whole mechanism — the curve, the ladder, the regulator, the protection level, what happens on the worst day. Nothing about it depends on trusting us: it either holds as arithmetic or it does not. A hole found in the design now is worth more than a hole found in the code later, and it costs whoever finds it nothing but an afternoon. Status: 15.09.2026 Nothing is deployed. The contract is frozen: twelve deployable contracts, core at 24,345 bytes against the 24,576 limit. The build is reproducible — the compiler version and EVM version are pinned in foundry.toml, so a clean rebuild gives the same bytecode fingerprint. What passes today, in build 18: 585 local tests, 44 fork tests against live Arbitrum One, and 33 checks against an independent reference model written in Python rather than Solidity, so the two implementations have to agree before a number is believed. That is our own count, not an independently confirmed one, and the suite is published with the source at deployment. The next step is deployment to Arbitrum Sepolia. Addresses will be posted in this thread the day it happens. Where to know more Site: https://assetrix.org White paper: https://assetrix.org/documents Overview: https://assetrix.org/documents How it is checked: https://assetrix.org/verification What it does not do: https://assetrix.org/what-it-does-not-do Assetrix Telegram: https://t.me/assetrixdao Assetrix X: https://x.com/assetrixdao The source code is published together with the specification at deployment. It is not public today, and this post does not pretend otherwise. Every document on the site carries a SHA-256 hash and an OpenTimestamps proof, and the proofs are published next to the documents. That means you can check that a document existed on the date it claims, without taking our word for it. Nothing published is ever deleted; superseded versions stay up. How to check us instead of believing us Download the white paper, hash it yourself, compare with the published hash. Verify the OpenTimestamps proof against the Bitcoin chain. Read the history page. It lists errors this project made and corrected, including two construction errors a reference model caught. Projects that delete their past are telling you what they think documents are for. Read what the protocol says it does not do, and see whether the limits match the claims. When Sepolia addresses appear, read the verified source in the block explorer rather than the description in this post. A note on the name This project was previously called Reserveum; the rights passed to Assetrix in 2024, and the old accounts are listed in the site's structured data so the history is traceable rather than hidden. There is also an unrelated Nigerian real-estate tokenisation company called Assetrix at assetrix.com. Different company, different business, no connection. Disclaimer This post is not an offer, not a recommendation and not a promise of returns. ASTRX is not an investment product. Figures describing the mint price are ceilings on the cost of entry produced by a model, not expectations about what anything will be worth. Read the white paper before forming a view, and form your own.

[Gagik98]

Are the core contracts immutable upon Sepolia deployment, or is there an admin multisig / proxy architecture capable of pausing redemptions or altering protocol parameters in an emergency?

[AssetrixDAO]

Are the core contracts immutable upon Sepolia deployment, or is there an admin multisig / proxy architecture capable of pausing redemptions or altering protocol parameters in an emergency?

Immutable, no proxy, and no role can pause redemptions. No proxy, no upgrade path. The Sepolia core (0x0aB4…eB16) is the logic contract itself, verified on Arbiscan and Sourcify (exact bytecode match). Module addresses are fixed at deployment; nothing can repoint them. No pause function exists. redeemPosition only checks that you own the position: no fee, no oracle, no admin-controlled condition. redeemTokens doesn't depend on price feeds, so an oracle or sequencer outage can't block it. Parameters change by holder vote, within ranges fixed in code. The exceptions are two roles with a closed list of powers. The guardian appoints the operator and adds protocol-fee recipients.The operator sets the protocol fee under a hard cap (1–2.8% in Phase 1, 0.56% in Phase 2), puts currencies to a vote, and switches on a currency listed dormant at launch. It can also ban a compromised currency (minting and closing in it stop; redemption doesn't) and flag its reserve as lost. The currency then drops out of valuation and token-redemption payouts until holders lift the flag by vote. No role can change the mint price or the curve, withdraw collateral or stop redemption. On Sepolia the guardian is a single test key and no operator is set. On Arbitrum One the roles go behind a multisig with time-locked execution.
Mainnet will be a fresh deployment of the post-audit code, not an upgrade of these contracts. The price of immutability is that a bug can't be patched in place, hence the external audit first.
Details: assetrix.org/governance · assetrix.org/testnet

[internetional]

Backing per token is the floor: what redemption pays today. The mint price is the ceiling: what entry costs today.

If you describe the mint price as the ceiling and backing per token as the floor, does that mean the price you have to pay the contract to mint a new token is always higher than the amount you can get back through redemption? Have I understood that correctly? If so, what incentive would anyone have to pay to mint the tokens?

[AssetrixDAO]

Backing per token is the floor: what redemption pays today. The mint price is the ceiling: what entry costs today.

If you describe the mint price as the ceiling and backing per token as the floor, does that mean the price you have to pay the contract to mint a new token is always higher than the amount you can get back through redemption? Have I understood that correctly? If so, what incentive would anyone have to pay to mint the tokens?

For tokens, yes, and that's by design: it's exactly why the mint price works as a ceiling.

But minting doesn't give you tokens; it gives you a position. The position holds your collateral and records your entry price. You can redeem it at any time and take your collateral back. That amount doesn't depend on backing or on the market.

The point of a position is that your entry price is locked, while backing per token rises over time. That happens because the number of cheap positions keeps shrinking: some are redeemed, and some are eventually cut off by the protection level, which token holders set themselves. Once backing overtakes your entry price, you can close the position into tokens and redeem them at a profit, with no market needed. The other route is to sell the tokens on the market for more than you paid. If neither happens, you simply redeem the position and take your collateral back.

In other words, a position is an option on backing or the market catching up with your entry price.

More: https://assetrix.org/position-and-tokenTestnet deployment

Assetrix runs on Arbitrum Sepolia, the test network of Arbitrum!

Build 16 of 13 September 2026, deployed on 15 September 2026. The operations a first participant performs were run against it on 16 September: minting a position, asking the reader what the protection gate permits, closing, redeeming and voting. Every one of them went through.

Sixteen contracts were created. Fifteen carry source code, and all fifteen are verified in two independent places. The sixteenth holds the mint curve table, which is data and not a program.

More information about the Sepolia contract rollout on our website: https://assetrix.org/news

Assetrix DAO in USA Wire

A new article about Assetrix DAO explores how to assess the safety of a DeFi protocol and what checks to perform before trusting it.

The article examines Assetrix’s approach to protocol verifiability and the key questions worth asking when evaluating DeFi projects.

Read the full article https://usawire.com/defi-protocol-safety-checks

[olegpanfilov5]

The ANN mentions that protection weakens as volatile collateral moves. If a backing asset drops sharply (e.g., 50%+ in a day), how does the contract prevent a bank-run scenario where early redeemers drain the liquid backing at the expense of remaining holders?

[AssetrixDAO]

The ANN mentions that protection weakens as volatile collateral moves. If a backing asset drops sharply (e.g., 50%+ in a day), how does the contract prevent a bank-run scenario where early redeemers drain the liquid backing at the expense of remaining holders?

The main fuel for minting is stablecoins. Volatile collateral — wrapped BTC and ETH — is provided for, but as second-tier currencies. Every volatile deposit is valued at a discount: a spread of 0, 3.4 or 5.6 per cent, set by holder vote, 3.4 by default. The pool keeps the whole asset while issuing tokens for a smaller sum, and the difference stays as backing for every holder — a buffer against that asset falling, built up by the people who deposit it (WP §4.3a). It doesn't touch position redemption; it bites only on closing, when volatile collateral actually turns into backing for the rest. On top of it sits a concentration surcharge that starts once volatile assets pass 30 per cent of the reserve and saturates at 60 (WP §4.3), so their weight is bounded economically before anything falls.
On the run scenario: the order of redemption decides nothing.

1. The reserve is valued live. A 50 per cent fall lowers backing per token instantly and for everyone at once, not for whoever is last in the queue. WP §4.7 addresses the alternative head-on: under book valuation the first to redeem receive their claim in full and the shortfall falls entirely on the last — "backing, meant to reassure, thereby begins to hurry." Under live valuation "the loss is shared evenly among all holders and the order of redemption decides nothing."

2. Redemption is a cross-section of the whole basket. Every balance is paid out in the same proportion, so the composition of the reserve after a redemption is exactly what it was before (WP §5.2). Taking the liquid part and leaving the fallen one is available to neither the first redeemer nor the hundredth.

3. Neither exit reads a price. Position redemption returns the deposited amount in the deposited currency with no quote at all (WP §5.1), and the plain basket slice needs no valuation either (WP §5.2). There is no stale oracle to race — which is what a run is usually racing.

None of this compensates the fall itself. The protection holds backing relative to the reserve, and the reserve is measured in what sits in it (WP §3.4). The commitment isn't that there will be no loss, but that it lands on everyone equally and nobody gets out ahead of it.

Protection of backing: https://assetrix.org/backing-protection/#s3

The price corridor: https://assetrix.org/price-corridor/

White paper §3.4, §4.3, §4.3a, §4.7, §5.1, §5.2: https://assetrix.org/documents/

[AssetrixDAO]

Assetrix DAO — a short video overview of the owner account. It showcases the key features of the Assetrix ecosystem: connecting an Ethereum wallet, viewing ASTRX balances and protocol data, depositing assets, creating and managing positions, trading ASTRX via Uniswap, transferring tokens and positions, and exchanging ASTRX for a share of the protocol reserve.

The walkthrough is demonstrated on the Arbitrum Sepolia testnet.
Discover how Assetrix integrates collateralization, token issuance, liquidity, trading, governance, and reserve-backed redemption into a unified DeFi ecosystem.

Watch the video: https://www.youtube.com/watch?v=tYJ0eH094Fk

[AssetrixDAO]

Assetrix Has Updated Its News Section

The Assetrix website now regularly publishes news and analytical materials across several areas. The analytics team works on new publications almost every day.

The section features materials on the stablecoin and Arbitrum markets, news and updates about the project itself, as well as analysis, data, articles, and Q&A content. All materials are organized into categories.

https://assetrix.org/news/#n-holder-account