Rungdevnet

Where would you own it?

Share on X
Market implied
$122.1B
PreStocks mark
$122.1B
Market vs mark
0.00%
Capital’s median floor
$110B
−10% vs market

Market price unavailable. PreStocks is not publishing a market price for Anduril right now, so its live mark stands in for it here, and market and mark read the same.

Devnet demo. PreStocks exist only on mainnet, so the token escrowed here is a mock with the real mint’s 1 scaled-amount multiplier and a 1% transfer fee. The valuations above are live from the real PreStocks API.

Capital committed to buy

Market trades at $122B
$120B
$115.00
1 wallet holds 100%
$110B
$185.00
1 wallet holds 100%
$100B
$170.00
1 wallet holds 100%
$90B
$110.00
1 wallet holds 100%
$80B
—
$70B
—

Capital committed at each level — not an estimate of what the company is worth. Premium and expiry both affect willingness independently of conviction, and a single wallet can dominate a band, so concentration is shown rather than hidden.

This curve and its median floor are open data: /api/curve/ANDURIL (JSON, free to use).

Capital on the book

Anduril, over time. On offer is capital a holder could take right now; in force is protection already bought and still running.

On offerIn force

Matched to date

Every dollar of capital a holder has taken, cumulatively.

$120B$115.00$4.97 premium36d to expiryDqgh…xeN4
$110B$185.00$5.41 premium36d to expiryCPYM…r2tZ
$100B$170.00$4.15 premium21d to expiryBkQh…4wMU
$90B$110.00$2.08 premium21d to expiryXji9…wBAY

Commit at a valuation

Expiry
Reality check
Target valuation$100.0B
vs market−18.12%
vs mark−18.12%
Fixed strike$113.0328
PreStock if exercised0.88469906
USDC locked$100.00
Premium received$4.60
Premium / collateral+4.60%
Transfer fee, round trip+1.99%

The strike is fixed at creation. If ANDURIL’s valuation changes afterwards, this agreement does not change with it. The round-trip transfer fee is charged by the mint, not by Rung, and is not refunded.

Commit across a range

Put up a curve rather than a point: one amount, split across every valuation in a range, each rung its own commitment. Holders can take any rung or a slice of it.

$100B$40.00$113.03/token
$90B$80.00$101.73/token
$80B$120.00$90.43/token
$70B$160.00$79.12/token
Premium if every rung is taken$16.00

Collateral, honestly

  • Issuer holds permanent delegate (WV9PJN7XTmTLVwbutCLFxp8TyePee6Xq5mRq6Fti5Wc) and can move escrowed tokens out of the vault.
  • Issuer holds freeze authority (WV9PJN7XTmTLVwbutCLFxp8TyePee6Xq5mRq6Fti5Wc) and can freeze the vault account.
  • Issuer (WV9PJN7XTmTLVwbutCLFxp8TyePee6Xq5mRq6Fti5Wc) can attach a transfer hook at any time. If it does, Rung stops taking new positions and matched ones cannot settle until the program is upgraded.
  • 1% transfer fee applies on entry and on payout.
Read the limitations →
Mint PresTj…riBoQB ↗