The Ultimate Long Position.
When you buy a protected growth token (PGT), you are helping that project build a war chest of permanent liquidity. In exchange, the project gives you Downside Protection.
Any Token. Any Project. One Standard.
Whether it's a blue-chip DeFi protocol or a fresh TGE launch, any project can issue PGT to acquire high-quality holders like you.
Stop renting.
Projects stop renting mercenary liquidity that dumps on you.
Start owning.
You become a stakeholder with a safety net.
Pick Your Payoff
Projects issue two types of notes. Choose the exposure that fits your risk profile.
PGT (The Investor's Choice)
"All of the pump. None of the noise."
This is for the conviction holder. You believe in the project, but you hate the volatility.
- The Mechanics: You get the spot price performance of the token.
- The Safety: If the price dips, chops, or corrects (up to 75%), your principal is preserved at maturity.
- The Why: The project wants you to stay. They give you protection; you give them time/stability.
Power PGT (The Degen's Choice)
"Protected floor. Jackpot ceiling."
This is for the hunter. The project gamifies the upside to create energy and volume.
- The Mechanics: Everyone gets the same downside protection floor. But the upside isn't distributed evenly—it's pooled into a prize structure.
- The Payoff: If the token pumps, a few holders win a massive share of the gains.
- The Why: Perfect for event-driven launches or roadmap reveals.
How It Works (The "Win-Win")
Why would a project give you downside protection? Because Liquidity is King.
You Deposit
You buy PGT using stablecoins or blue chips.
They Build
The project doesn't spend your money. They use it to deepen their liquidity pool on-chain.
The Result
Because this liquidity is locked in the Note structure, it cannot be "rugged" or farmed by mercenaries.
The Exit
At maturity, the liquidity unlocks. If the price is up, you profit. If the price is down (but above the floor), you get your principal back.
This is the end of the "Mercenary Spiral." You get protection. The project gets a healthy chart.
CRITICAL RISK DISCLOSURE: THE FLOOR MECHANIC
We offer Protection, not immunity.
PGT creates a protective barrier against volatility, corrections, and standard bear market chop. However: The protection barrier is set at a 75% drawdown.
Scenario A: Token drops 40%. You are safe. You get your principal back at maturity.
Scenario B: Token drops 70%. You are safe.
Scenario C (The Crash): If the token dumps more than 75% (e.g., a total project collapse, exploit, or rug), the barrier breaks. In this scenario, you are exposed to the full loss, potentially losing all your money.
The Takeaway: We protect you from the market. We cannot protect you from a bad project going to zero. Do your own research on the issuer.
Learn More
Read the documentation at docs.exchequer.fi for detailed mechanics and examples.