PUDMINT & REDEEMTON — JETTON IN BUILD base · lab · live index · build spec · product

Mint PUD. Redeem anything.

Deposit USDT inside Telegram, receive PUD at the live index NAV. Burn PUD, get USDT back — while the unit itself tracks the world consumption basket. The testnet jetton and Telegram Mini App are in build; the quotes below are live from the index today.

Wallet

Telegram Wallet or Tonkeeper, via TON Connect

The jetton master (TEP-74, based on the audited ton-blockchain stablecoin contract) ships in milestone T-1 — see the build spec.

The unit, live

from the PUD index server — the same NAV the jetton will enforce

1 PUD
World inflation · 12m
Daily drip
Planned fee (mint & redeem)0.25%
Collateral (v1)USDT jetton, 100%
Basket exposuresynthetic, oracle-valued

Mint

deposit USDT → receive PUD at NAV + fee

Redeem

burn PUD → USDT at NAV − fee, never pausable

Why TON can't hold the real basket yet — and what that means: TON has deep native USDT but no EUR/JPY/GBP/CHF jettons at all, so v1 backs PUD 100% with USDT and carries the basket exposure synthetically via on-chain FX oracles, disclosed as basis risk and capped small. Every leg upgrades to a real jetton the day one exists on TON. Full architecture: PUD on TON — build spec. Sister deployment on Solana: glu.booga.me. Not investment advice.