Deposit Pinto, get SURCO
Swap Pinto for SURCO at its backing value. That's the only step you take — the protocol does the rest.
Asset-backed · Base
Backed,
not pegged.
Every SURCO is a redeemable claim on a shared Pinto reserve — owned by the protocol, verifiable by anyone on‑chain. Its value comes from that backing, not a fixed peg.
Backing per SURCO0.0001286
Total reserve1,516
Fixed supply100M SURCO
Mint / redeem fee1% / 1%
Live from chain. Reserve values move with Pinto: below its peg the reserve stops growing and can fall.
Official SURCO contract (Base): 0xC04C23dD6c4Adf52411d7FA364F09836e4527206 — always verify before buying.
Buy & sell
Trade at backing value
Buy SURCO to put money in, or sell to take it out — always at the current backing value, with a small fee (1% buy / 1% sell) that stays in the reserve (which helps everyone).
Swap
demo · priced at backing
You paybalance —
You receiveest.
Rate1 SURCO = 1.0420 PINTO
Fee (1%)1.00 PINTO
⚠ exceeds instant cushion — routes to reserve
Illustrative widget · live amounts on the app
01
Buy — Deposit Pinto, receive SURCO at backing value. The 1% fee stays in the reserve.
02
Sell — Return SURCO, get Pinto back at backing value. The fee again stays in the reserve.
03
Fair pricing — The same small fee both ways keeps any outside market price close to the real backing value, and half of every fee goes straight back into the reserve (the other half to time-locked stakers).
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 SURCO. 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 SURCO
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
A real claim on the reserve.
Every SURCO is a real claim on the reserve behind it. Supply is fixed and new SURCO only mints against matching backing, so the claim behind your SURCO 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
100,000,000 SURCO, capped at genesis — no ongoing inflation. After launch, new SURCO 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 SURCO comes from reserves the protocol actually holds — not a trading price that can be pushed around. There's no price to game.
Redeem for your share
Turn SURCO back into Pinto for your share of the reserve at its backing value. A ready cushion covers everyday redemptions right away; in an extreme run, direct redemption can pause until new inflow arrives — your SURCO always stays transferable and sellable.
How it's governed
Governed openly,
Governed openly,
on a timer.
Surco 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.
⬡
Multiple signers
Changes require a group of signers to agree — no single key controls the protocol.
⛨
Pause-only guardian
A separate guardian can only pause redemptions in an emergency. It can never move funds, mint, or upgrade — and your SURCO stays transferable the whole time.
SURCO 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 · v1
- Buy & sell at backing value
- Shared reserve on Pinto
- Ready cushion for everyday redemptions
- Time-locked staking — half of protocol fees
- Auto-reinvesting accruals
- Open, timed governance
Next
- More ways to build the backing
- Buy-and-burn
- Wider access
- Independent audit & mainnet
Own a redeemable claim on a real reserve.
Asset-backed, redeemable, auditable on-chain — Surco turns a credit-based stablecoin into backing that stands beneath every SURCO.