Unused cloud commitments, made liquid.
Companies pay years of AWS, Google Cloud and Azure up front for a discount, then never use all of it. Under is where they sell what's left, at a price that follows the time still on the clock to spend it.
Companies pay years of AWS, Google Cloud and Azure up front for a discount, then never use all of it. Under is where they sell what's left, at a price that follows the time still on the clock to spend it.
A cloud commitment isn't worth a fixed amount. It's worth less the closer it gets to the deadline, because there's less time left to spend it, and nothing once that day passes. Under turns that into something one company can sell today and another can buy at a discount.
A verified seller lists their commitment and it's on the market right away. No broker, no waiting for a counterparty.
A Uniswap v4 hook reads how long is left to spend the credit and sets the price. As the deadline gets closer, the discount grows.
A verified buyer picks it up cheap and keeps the difference by using the credit before it runs out.
This is a claim on the real world, so the market can't just be anonymous. It has to be able to remove bad actors and make buyers whole. Three things make that possible.
World Selfie Check confirms there's a human on the other side. It's there to stop fraud, and it isn't KYC.
A seller's right to trade lives in an ENS record. Compliance can switch it off on the spot, and the name never has to move.
Every seller posts a bond. If they cheat, it's taken and paid out to the buyer, right on-chain.
Browse the live commitments, their discounts and the value curve.