Token and Money Flow

Flow of User Funds

Initial Entry: USDC to IPRWA

The process begins when users deposit USDC into Aria vaults. These funds are used to acquire real-world IP assets. Once the vault closes and the assets are secured, the protocol mints IPRWA tokens.

Users can then claim their IPRWA tokens to the same wallet used during the USDC deposit phase.

Staking Phase: IPRWA to stIPRWA

To earn royalties, users stake their IPRWA tokens into Aria’s staking contracts and receive stIPRWA in return. While the original IPRWA is held in the contract, stIPRWA passively accrues royalty rewards.

Unstaking Phase: stIPRWA back to IPRWA

When ready to claim rewards, users can unstake their stIPRWA. This action burns the stIPRWA tokens and returns IPRWA to the user at the current exchange rate, which reflects both their original stake and accumulated royalties.

Exit: IPRWA to USDC

Users can then take their IPRWA tokens to a decentralized exchange (DEX) and swap them for USDC. Aria helps maintain market liquidity by periodically buying back IPRWA using royalty income, enabling smoother exits for users.

Flow of Royalty Funds

1. Royalties Received: Fiat → USDC

When IP assets generate royalty income in fiat currency (e.g., from Spotify, YouTube, Sync Licensing, etc.), Aria converts that income into USDC via a centralized onramp such as Coinbase.

2. Conversion: USDC to IPRWA

Aria then uses the USDC to purchase IPRWA tokens from a liquidity pool on a supported DEX (e.g., USDC/IPRWA pair).

3. Distribution: IPRWA to Stakers

The acquired IPRWA tokens are deposited into the staking contract, increasing the total backing for stIPRWA holders. Over time, this raises the exchange rate of stIPRWA → IPRWA, delivering rewards proportionally to stakers.