Real World Token CA
Book NAV Value
Book NAV (net asset value) is the total value of the real-world assets held in the basket. Divided by the total RWT supply, it gives the Book NAV Price: the fundamental, on-chain value of a single RWT.Book NAV Price = Book NAV / total RWT supply
It is computed directly from the on-chain protocol state (EarnConfig, which tracks the basket’s
invested capital) and the RWT mint supply, so it is always verifiable. The widget above reads it
live, refreshed every 30 seconds.
Minting
New RWT can be minted directly from the protocol at the current Book NAV Price plus a 1% fee that goes to Areal Finance.Cost to mint 1 RWT = Book NAV Price x (1 + 1%)
The mint body (at Book NAV) enters the basket, so supply and NAV grow together. This is the
mint invariant: existing holders are never diluted.
Compounding
The income earned by the RWA in the basket is reinvested straight back into the basket, without minting any new RWT. The basket’s invested capital (the total invested amount) grows while the RWT supply stays the same, so the Book NAV Price grows:invested capital ↑ , RWT supply unchanged → Book NAV Price ↑
This is the protocol’s base mechanism for delivering yield: value accrues to every existing RWT as
the basket compounds, instead of through inflation.
Price anchor
Minting sets a ceiling on the market price. Whenever the market rises aboveBook NAV x 1.01,
it becomes profitable to mint and sell, which pushes the price back toward Book NAV. So minting
is mostly active when the market trades above Book NAV; below it, buying RWT on the secondary
market is cheaper.
There is no redeem. A holder exits only through the secondary market (DEX). The price is
supported from below by buybacks (from the 30% reward share) and by liquidity depth, but it can
temporarily trade below Book NAV.