ChartThesisVaultBankTokenomicsFAQ
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$GP

OSRS RWA

Protocol
Community
Buy
$GPRedeem
GoldInspect the
Vault

$GP is Old School RuneScape gold as a token. Supply is fixed at 1,000,000,000, the vault currently holds 12,000,000,000 gp. Holders will be able to burn $GP in exchange for OSRS gold at a market adjusted rate. All $GP fees will be used to acquire more OSRS gold.

$GP received:
…
$0.281 / M gp

Filled at the pool price, 1% slippage limit.

$GPup$0.00000337 +0.79%VAULT12.0B gpTVL$3,373PER $GPup12 gpSPOT$0.281 / MJAGEX BOND RATE$1.20 / MHOLDERS31STACKS REDEEMED3GE TAX0%
OSRS gold · USD per 1M gp
$0.281▲ $0.088 (45.65%)
USD price of 1M OSRS gp, composited across the major gold marketplaces. Each $GP is 12 gp of it.
Current gold in vault
12.0B gp
Current vault value
$3,373
12B gp at street price

Welcome to OSRS RWA!

RuneScape gold has traded for real dollars since 2001. $GP puts that market on-chain. Holders redeem their gold by burning $GP.

The Thesis

Gold As Income

In parts of the developing world, RuneScape gold is a wage. People farm it and sell it the same day. Crypto came up with a name for it later. This market has paid out in dollars since 2001.

The Bot Ban Squeeze

Jagex's bot bans are cutting gold production while player demand holds. Street price has ground upward for over a year and sits 72% above the 12-month low. Fewer farmers, same buyers.

The Jagex Floor

Jagex sells Bonds that trade for gold in-game at an implied ~$1.20/M. That is the publisher's own list price. Street gold trades at $0.28/M, so the vault buys at 77% below the official rate.

Reserves

The Vault

The Bank of OSRS RWA12,000,000,000
Tab 1: Reserves
The vault, at a glance. Click a stack to examine it.

Tokenomics

The gold is the tokenomics.

Market cap
$3,373
Supply
1,000,000,000 $GP

Fixed. Nothing is minted after launch, so every gp the fees buy goes behind the same tokens.

Fees
1% / 1%

Fees go into buying more gold.

Redemption
Market rate

$GP will be redeemable for OSRS gold at a market adjusted rate.

Chain
Robinhood Chain

Questions from the Clan Chat

What exactly is $GP?▾

Old School RuneScape gold, as a token. Supply is fixed at 1,000,000,000 $GP and the vault holds 12,000,000,000 gp, so each token is 12 gp. It will be redeemable for OSRS gold at a market adjusted rate.

Is this affiliated with Jagex?▾

No. OSRS RWA is an independent, community-built experiment. Old School RuneScape and Jagex are trademarks of Jagex Ltd, which has nothing to do with this project.

How do redemptions work?▾

$GP will be redeemable for OSRS gold at a market adjusted rate. Burn it in the app, pick a world, and we will meet you and trade you gold.

What if vault accounts get banned?▾

There is a real risk of bans. Gold trading is against Jagex's rules. None of our accounts are connected to each other, and we buy gold from different places, to keep that risk as low as we can.