How it works?
Tellura bridges physical copper reserves with on-chain representation. Each COPR token corresponds to one pound of copper stored under custody in accredited LME warehouses. The system ensures transparency through verifiable attestations and a strict mint–burn mechanism tied to real-world supply.
From Custody to Token
Custody Physical copper is stored under LME warrants or warehouse receipts, held with approved custodians. Each warrant represents a specific lot of verified copper under regulated storage and insurance coverage.
Attestation Every custody document is digitally hashed and timestamped. Proof of storage, origin, and insurance is recorded on-chain, providing verifiable audit trails.
Supply Control The on-chain token supply is always ≤ attested inventory. Tokens can only be minted when backed by validated reserves and can only be burned when underlying copper is released or withdrawn.
Minting and Redemption Authorized issuers mint tokens following proof of reserve. When copper is redeemed or sold off-chain, the equivalent amount of COPR tokens is burned, maintaining a 1:1 peg.
Trade and Liquidity Once issued, COPR tokens circulate freely on decentralized exchanges, allowing 24/7 access to copper exposure without handling physical metal. Liquidity pools and AMMs enable transparent pricing and frictionless swaps.
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