Reserve

Every number on this page can be recomputed: on-chain or via the open endpoint. The reserve owes work, not dollars.

As of 2026-10-28, 02:48 UTC

Raw data: GET /api/stats (no auth)

The math

Liquid reserveUSDC · published wallet on Base

+Working bufferprepaid provider credit, hard cap ≤ 20%

−Unclaimed dripexpires back into the reserve after 180 days

−Unspent creditsnever expire

=Net reserve

The only number on this page allowed to be called “backing” is the net one, after all liabilities.

Redeemable work

0 RM

Net reserve in the reference basket (Sonnet class, list price)

Backing per 10M $RUN

≈ 0 min

Sonnet class · $0.00 · utility metric, not a per-share value

Circulating supply

1,000,000,000

= 1B − dead balance, readable on-chain

Burned

irrevocably to 0x…dEaD

How to read this: the absolute reserve can shrink while backing per token rises: that is the intended semantics of a redemption (claims get served, the remaining tokens end up better backed). That is why both figures stand side by side. Backing per token can fall only through investment losses or operational error, never through the mechanics.

Controller

Target b*

$250.00

per 10M $RUN · ratchet: max($250; 1.25 × 90-day high-water mark)

Coverage ratio g

0.00

sets the weekly fee split, drip rate and redemption haircut

Next epoch

recomputable

all parameters open in /api/stats; anyone can verify the next value

Addresses

Trading happens on Robinhood Chain, custody on Base: here are the addresses, for verifying, not for sending. A direct transfer to a contract creates no credit; redemption happens exclusively through the flow on Balance. The ticker identifies nothing; the address identifies everything.

RUNTIME ($RUN) · Token Robinhood Chain: 0x2Efa6875fdbC0C394878EC92551E8eAb041819D7
Burn address Robinhood Chain: 0x000000000000000000000000000000000000dEaD
Reserve · Base Base: 0x7b6bb07296CE586e889789d0812585aa10329A83

Definition · Runtime Minute (RM)

1 RM = 20,000 input + 4,000 output tokens on the Sonnet class, at the provider’s current price.

A unit of account like an index, not a promise. This definition never changes without notice. Current basket price: $0.12 per RM (list price).

What to measure us by

From day 1, three numbers we cannot polish will stand here: redemptions per month, credits consumed, share of revenue from non-holders. If the third one does not grow, the model is not working. We would rather say that ourselves.

There are two “RUN” on this chain.

We would rather say it ourselves before anyone confuses them: on this chain, the ticker RUN also belongs to a tokenized US equity. RUNTIME ($RUN) is not affiliated with Sunrun Inc. and is not a tokenized security: no equity claim, no share, no dividend. Redeemable exclusively for machine work (Workbench). The ticker identifies nothing; the address identifies everything.

RUNTIME ($RUN)This project

Is: a token for machine work, redeemed by burning
Contract: 0x2Efa6875fdbC0C394878EC92551E8eAb041819D7
ISIN: none: RUNTIME ($RUN) is not a security
Name on-chain: “RUNTIME”, immutable in the contract

Sunrun • Robinhood Token (RUN)Not us

Is: Tokenized US equity, a security
Contract: 0x756Bc80af765C82da966a788858d65aDF14f3793
ISIN: US86771W1053

Read live from api.robinhood.com · 2026-10-28, 02:48 UTC

The check before any purchase: not the ticker but the address 0x2Efa…19D7. It appears in every footer, every bio, every listing of ours.