Deposit Pinto, get LOAM
Swap Pinto for LOAM at its backing value. That's the only step you take — the protocol does the rest.
Asset-backed · Base
Backed, not pegged.
—
LOAM balance
Backing per LOAM
Your position
LOAM mints from a shared Pinto reserve and redeems straight back into it — at backing, on-chain, any time. The reserve is owned by the protocol and verifiable by anyone on‑chain.
Backing per LOAM0.0015535
Total reserve3,697
Mint / redeem fee—
Live on-chain figures, read directly from the diamond. Reserve values move with Pinto: below its peg the reserve stops growing and can fall.
Official LOAM contract (Base): 0x473B392018B05ecbB7Edf4C3CF2B1F8593A9A31b — always verify before buying.
Buy & sell
Trade at backing value
Buy LOAM to put money in, or sell to take it out — always at the current backing value, with a small fee that stays in the reserve (which helps everyone).
SwapNAV-priced
You paybalance —
PINTO
You receive—
Rate—
Minimum received—
Fee—
Network fee (est.)—
⚠ larger than the instant cushion — draws from mature Silo (still full NAV)
Slippage tolerance
Venue read failed — minting paused; redeem stays open at a conservative NAV.
Direct redemption is paused by the guardian as a safety measure. It resumes only when the guardian or admin lifts the pause — not automatically. The external market remains open.
Minting is paused by the guardian (ADR 0022 mint-halt). Redemptions remain open at NAV. Minting resumes only when the guardian or admin lifts the pause — not automatically.
NAV
Available reserve—
Instant cushion—
Fee buffer (undistributed)—
01
Buy — Deposit Pinto, receive LOAM at backing value. The mint fee stays in the reserve.
02
Sell — Return LOAM, get Pinto back at backing value. The redeem fee again stays in the reserve.
03
Fair pricing — A small fee both ways keeps any outside market price close to the real backing value, and the whole fee goes straight back into the reserve.
How it works
Deposit. Pool. Build.
One deposit, and the protocol does the rest. Here's the whole system in one picture.
It joins one shared pool
Every deposit pools into a single reserve. A small cushion stays ready so sells pay out instantly — the rest goes into the Silo.
SILO — Pinto's shared reserve. Deposits held there collect the protocol's share of Pinto's rewards.
The pool builds the backing
When Pinto trades above its $1 peg, it mints new supply — and the shared pool captures its slice. That Pinto is added to the reserve behind every LOAM. One big pool captures more than scattered deposits could.
Pooling everyone together means the reserve holds a single, larger position — so each holder shares pro-rata in what it captures.
Captured Pinto is added back to the reserve — feeding the backing behind every LOAM
The honest part: this only happens while Pinto is above its $1 peg. Below it, nothing new is minted — the backing stops growing, and can fall with Pinto.
The thesis
What stands underneath.
Supply is fixed, and new LOAM only mints against matching backing, so the backing behind each LOAM can't be diluted away — and retained fees are added to the reserve beneath it. The reserve's value can fall with Pinto.
Fixed, honest supply
1,000,000,000 LOAM, capped at genesis — no ongoing inflation. After launch, new LOAM is only released in exchange for equal backing, so day-to-day minting doesn't dilute existing holders.
Real backing, not a market price
The value behind each LOAM comes from reserves the protocol actually holds — not a trading price that can be pushed around. There's no price to game.
Redeem at backing
Turn LOAM back into Pinto at the reserve's backing value. A ready cushion covers everyday redemptions right away; in an extreme run, direct redemption can pause until new inflow arrives — your LOAM always stays transferable and sellable.
How it's governed
Governed openly,
Governed openly,
on a timer.
Loam can be upgraded to fix issues and add features — but every change is public and waits, so you trust the process, not a single person.
⏱
48-hour timer
Changes that move value — upgrades, fees, reward routing, roles — are announced on-chain and wait at least 48 hours, giving anyone time to review and exit first. Routine liquidity tuning stays with the signer group.
⬡
Timelock & veto
Every value-moving change is proposed by the governance Safe, waits out the 48-hour timer in public, and can be cancelled by a separate holder of the veto key before it lands.
⛨
Pause-only guardian
A separate guardian can only pause redemptions in an emergency. It can never move funds, mint, or upgrade — and your LOAM stays transferable the whole time.
LOAM is a redeemable, asset-backed token — not a stablecoin and not a share in a company. It's a plain ERC-20 you can hold, send, or sell anytime.
Trajectory
Shipped, and what's next
Live · Loam v2
- Buy & sell at backing value
- Shared reserve on Pinto
- Ready cushion for everyday redemptions
- Auto-reinvesting accruals
- Open, timed governance
Next
- More ways to build the backing
- Buy-and-burn
- Wider access
- Independent audit
Dig in.
Mint LOAM from the reserve, or redeem back into it. Both at backing, both on-chain — with every fee retained in the reserve.