Argonaut
- Revenue share
- 20%
- Cap
- 3.0×
Flagship artist with multi-album catalog, major sync portfolio, or platform-scale presence. Long-tenor bond with sizeable cap multiple — investors price upside, not floor.
Vaults + Swap · royalty markets, multi-chain
Buy a share of an artist's next decade. Settled in USDC, on real cash flow.
Suede vaults turn music royalty income into a tradeable position. Investors deposit USDC, receive a contractual share of future revenue, and exit when the cap is hit. No synthetic yield, no platform farms — the upside is a catalog people actually listen to.
- TVL secured
- $2.4M
- Avg distribution
- 8.4%trailing 12mo
- Best vault YTD
- 14.2%
- Cap multiple
- up to 3.0×Argonaut tier
- Source chains
- 30+via LI.FI
- Settlement
- USDC · Base
First vault: Velvet Horizon · Album III · 14-day window · cap 2.5× · opens Apr 18, 2026 on Base
Suede Swap
Any chain → vault-ready USDC
One transaction across 30+ chains via LI.FI.
Live vaults
Open deals on Base
Preview · the cards below are illustrative placeholders. The first live vault opens with one consenting artist; this surface swaps to real on-chain data the moment that deploys.
0xA1B2…dE4F
ArgonautPremierFundingPreview
Late Bloom — debut LP
38% filled
20% rev share24-mo term · 3.0× cap
0x7F1c…9aD2
SprintFeaturedActivePreview
Skyline — sync placements
100% filled
80% rev share7-day window · no cap
0x44e8…01F7
Long bondStudioFundingPreview
Sun Garden — visual EP
72% filled
30% rev shareuntil 2× returned · 2.0× cap
~$30Mpeak FDV
~36%holder carve
up to 4×buy multiplier
Forward-looking valuation is not a promise. ~$30M peak FDV is what the open market already paid. Burn data + carve math + utility levers are fixed.
Net-buy architecture
Every position routed through Suede creates structural buy pressure on SUEDE.
Vault deposit, vault deployment, cross-chain swap, license execution, and royalty distribution each carry a fee or stake requirement denominated in SUEDE. Volume on the platform translates directly into SUEDE removed from float.
- 01Investor deposits USDC
Routed through Suede Swap from any chain. Settlement fee in SUEDE, paid into the vault treasury.
- 02Artist locks SUEDE
Skin-in-the-game stake set by tier. 3% to 10%+ of vault size, locked through cap distribution.
- 03Vault deploys on Base
Factory deployment costs 100 SUEDE per vault. Permanent sink for every new artist deal.
- 04Royalty distributions settle
Each on-chain payout takes a thin fee in SUEDE. As distributions compound monthly, so does sink rate.
- 05Holders earn the discount
$500+ in SUEDE unlocks reduced rates, deployment fee waivers, tier yield. Demand from creators, not speculators.
4 distinct sinksdeposit, deploy, swap, payout
3% – 10%+ stakelocked per artist vault
Monthly cadencedistributions compound the sink
$500 holder thresholdcreates real product demand
Architecture goal: every flow that generates value for the artist or the investor also reduces SUEDE float. Not promotional. The contract is the marketing.
SUEDE removed from float, in real time.
SUEDE this week
2,840
Sink: deposit + deploy + payout fees
SUEDE this month
11,420
Cumulative monthly removal
Since v1 launch
184,902
Permanent locked supply
Where Suede sits
Registry, rails, and royalty distributor in one stack.
- Layer 04Distribution & sync routing
Spotify, Apple Music, sync placements settle to the vault contract. Artist-side proceeds enter the splitter.
- Layer 03Programmable splits + license terms
Splits, territory, royalty caps, and consent live as on-chain rules. Patent-pending USPTO 63/947,120.
- Layer 02Royalty distributor (Base)
Smart contract at
VAULT_ROYALTY_ROUTER_ADDRESS. Monthly payout, no human in the loop. - Layer 01Suede Swap (LI.FI)
Cross-chain capital onramp. Deposit settles in USDC on Base, ready for any vault.
- Layer 00Rights registry & signing
Sealed work IDs, asymmetric signing protocol, and derivative trace. The proof under everything above.
About Suede Swap
Bring any chain's asset, land in vault-ready USDC on Base. One transaction, no manual bridge step. Aggregated by LI.FI across the best routes available at quote time.
EthereumSolanaArbitrumOptimismPolygonAvalancheBNBLineaScroll+30 more
- Aggregated across 30+ chains, 25+ bridges, 100+ DEXs
- Best-execution quote at deposit, with slippage limits
- Destination locked to USDC on Base — ready for any vault
How Suede vaults work
Each vault is one artist deal. Artists set the term, the revenue share, and the cap, so the headline of every vault self-prices against the artist's leverage. Investors deposit USDC (any chain in via the LI.FI swap above), the artist locks SUEDE in the same vault as skin-in-the-game, and revenue routes back to depositors over the term.
Vault archetypes
Artists pick three knobs at vault creation: term, revenue share, and cap multiple. These archetypes are presets the UI suggests, not requirements. Every vault's headline is the term it commits to.
Sprint
- Revenue share
- 80%
- Cap
- no cap
A-tier with imminent release, tour, sync, or brand placement. A week of revenue is plenty.
Standard
- Revenue share
- 50%
- Cap
- 1.5×
Mid-tier recoupment shape. Investor exits at 1.5× their principal.
Long bond
- Revenue share
- 30%
- Cap
- 2.0×
Rising artist priced for upside. Investor stays in until they collectively receive 2× principal.
Perpetuity
- Revenue share
- 10%
- Cap
- no cap
Unproven artist or lifetime trust trade. Lower share, infinite duration.
SUEDE lock determines USDC withdrawal
The artist must lock SUEDE in the same vault as skin-in-the-game. The size of that lock determines how much of the raised USDC the artist can pull immediately, vs. how much vests over the term. Floor of 3% on every vault.
SUEDE lock (% of raise)Immediate USDCRemaining vests
3% (floor)50% upfront50% linear over term
5%70% upfront30% linear over term
8%85% upfront15% linear over term
10%+100% upfrontnone
Lock duration matches the term, with a hard floor of 24 months for any vault marked perpetuity (otherwise perpetuity locks are gameable). Released proportionally as the cap is hit or the term elapses.
How a deposit flows
- Investor deposits any chain's asset via the LI.FI swap. Routed to USDC on Base at deposit time.
- Position issued as an on-chain card with vault ID, principal, share, timestamp.
- Artist locks SUEDE in the same vault. The lock size determines how much of the raised USDC the artist withdraws immediately.
- Revenue routes via the existing RoyaltyDistributor contract. A configurable share streams back to investor positions in USDC, pro-rata.
- Term or cap fires and the vault closes. Locked SUEDE releases on schedule. Position is transferable on secondary if the investor wants to exit early.
Investor SUEDE-stake tier
Investors who stake SUEDE separately from any vault deposit get allocation priority on oversubscribed vaults and follow-on rounds, re-using the OG-staker tier weights from the existing rewards system. Pre-April 29 stakers retain their 4× tier weight and 2× rewards boost.
- T0 — no stake. Last in line, fills remaining cap if any.
- T1 — up to $500. Standard allocation.
- T2 — $500 to $5,000. 1.5× weighted allocation.
- T3 — $5,000 to $50,000. 2× weighted + 24h pre-allocation window.
- T4 — $50,000+. 4× weighted + 48h pre-allocation window + curated deal list.
Why holding SUEDE matters here
The vault product is built so that real activity routes value back to SUEDE holders. Five compounding levers, all live from v1.
Artist-side lock
Every artist locks SUEDE in their own vault as skin-in-the-game. 3% floor, scales to 10%+ for full upfront withdrawal. Locked for the term, 24-month minimum on perpetuity.
Each $80k vault at 5% lock ≈ $4k SUEDE sunk. Direct supply sink that grows with TVL.
Hold $500+ SUEDE, pay zero deposit fee
Vault deposits carry a 0.75% protocol fee in USDC. The fee is waived for any investor holding $500 or more in SUEDE at deposit time, mirroring the existing song-generation holder rate.
A $10k deposit pays $75 or zero. Every serious investor ends up with SUEDE in wallet.
Tiered yield kicker on every vault payout
The T0–T4 stake ladder doesn't just buy allocation priority. Higher-tier stakers receive a yield kicker on their vault payouts, paid from a treasury reserve seeded by Lever 2 fees.
- T2 $500 – $5k +5%
- T3 $5k – $50k +15%
- T4 $50k+ +30%
T4 in a Standard vault sees an effective 65% rev share. Pre-April 29 OG stakers get +1 tier of kicker on top.
Vault deployment fee, paid in SUEDE
Artists pay a flat 100 SUEDE fee at vault creation. Refunded as a bonus on successful close. Burned on default.
Perpetual demand source as more artists onboard. Small deflationary kicker on underperformers.
Default recovery routes 20% to treasury buyback
When a shortfall fires and locked SUEDE is sold to recover for investors, 20% of the proceeds route to treasury buyback-and-burn instead of hitting the market.
Investors still recover from the remaining 80%. Bad outcomes get partially absorbed into deflation.
Default and shortfall
For finite-term vaults: if at 75% of term investors have collectively received less than 0.5× their principal, an automatic shortfall trigger fires. Locked SUEDE is sold via DEX (or distributed in-kind, configurable) and the proceeds route pro-rata to investors as partial recovery. One-time event.
For perpetuity vaults: no auto-recovery. Investors hold the position indefinitely; the artist's locked SUEDE only releases on the 24-month floor or when investors collectively pass 1× return.