For people
A rule on the address you already get paid to. A slice of every USDC that lands becomes S&P 500 in the same wallet, seconds later, with a receipt anyone can open. Payers never open Scrip.
The five-second version
$500.00 landed
10% becomes
0.0654SPYx
in the same wallet, seconds later
Stayed USDC$450.00 · spendable, untouched
Still heldmeasured on chain at 7 and 30 days
Arithmetic at the default rate. The first real receipt replaces this.
How it works
Five, ten or twenty percent, or another. One signature approves your own Book as a delegate on your USDC account, with an allowance you set.
A client, a grant, a bounty, a friend: they send USDC to your address the way they always have. A keeper notices the balance rose.
One atomic transaction moves exactly the slice, swaps it, checks the fill against Pyth, and writes a permanent receipt. If any step fails, nothing moves.
Revoking the delegate is a token-program instruction on your own account. Scrip cannot prevent, delay or reverse it.
What you get back
Before you ask
Your USDC and your stock sit in token accounts you own. Scrip holds a rule and writes receipts.
xStocks are tracker certificates issued by Backed, with a permanent delegate and a pause authority. Not offered to US persons.
They arrive as a mint-level multiplier. Scrip never shows an expected income.
Equities fall as well as rise. Scrip competes for the position that sits idle, never for your cash.