Where would you own it?

Market implied: $40.3B
PreStocks mark: $40.3B
Market vs mark: 0.00%
Capital’s median floor: $35B

Market price unavailable. PreStocks is not publishing a market price for Figure AI 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 $40B

$40B

—

$39B

—

$38B

—

$37B

$65.00

1 wallet holds 100%

$36B

$105.00

1 wallet holds 100%

$35B

$155.00

1 wallet holds 100%

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/FIGUREAI (JSON, free to use).

Capital on the book

Figure AI, 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.

Open commitments

Hold FIGUREAI? Take the other side →

$37B$65.00$2.51 premium0m to expiryDQ8z…sk7A

$36B$105.00$2.97 premium36d to expiryEU91…4CYY

$35B$90.00$2.02 premium21d to expiry2qMv…oPBA

$34B$65.00$1.34 premium6d to expiryFJuz…AHhV

Commit at a valuation

I would own around

Position size (USDC)Premium asked

Expiry

Reality check

Target valuation$35.0B

vs market−13.05%

vs mark−13.05%

Fixed strike$160.5306

PreStock if exercised0.62293424

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 FIGUREAI’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.

I understand this is not a limit order. If a holder exercises, I receive FIGUREAI and they receive my USDC.

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.

FromToTotal USDCPremium, % of each rung

$38B$40.00$174.29/token

$37B$80.00$169.70/token

$36B$120.00$165.12/token

$35B$160.00$160.53/token

Premium if every rung is taken$16.00

I understand these are not limit orders. If a holder exercises any rung, I receive FIGUREAI and they receive that rung’s USDC.

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 PreZad…6faCWd ↗