Commodity coins
A commodity coin is an ERC-20 token with a USD reference price for a defined unit. GLD references one troy ounce of gold, for example. These are synthetic references: holding a coin does not give ownership of physical goods or a right to redeem them.
GLDGold1 troy oz
XAGSilver1 troy oz
COPCopper1 lb
WTIWTI crude oil1 barrel
NGNatural gas1 MMBtu
CORNCorn1 bushel
WHEATWheat1 bushel
SOYSoybeans1 bushel
CTCotton1 lb
KCCoffee1 lb
SBSugar1 lb
LCLive cattle1 lb
LHLean hogs1 lb
MILKClass III milk1 cwt
FRIESFries1 serving
BURGERBurger1 burgerHow commodity liquidity and reserves work
How the commodity pool works
Each coin has a public coin / USDT pool. The OMME engine places concentrated liquidity around the accepted reference price and adjusts its positions as that reference changes. The pool starts with commodity inventory on the sell side; buyers bring in the USDT that supports later sales.
Unsold protocol inventory is excluded from the circulating supply shown on the site. “Pool USDT” is actual liquidity, while the reference price is a target. A higher reference price does not create extra USDT: available reserves and liquidity determine how much can be sold and at what price.