How the protocol works, end to end.

A commodity token is only as good as the thing behind it. OREVA issues one token per metal, each a claim on a defined quantity held with an independent custodian, and publishes the custody and attestation record alongside onchain supply so the backing ratio can be recomputed by anyone.

The flow is deliberately boring: metal is sourced and assayed, delivered into segregated custody, attested by an external auditor, and only then minted. Redeeming runs the same path in reverse.

1. 01Real commodity — accredited refiner, assay certificate, serial numbers
2. 02Verified reserve — segregated custody, insured at replacement value
3. 03Tokenization — attested mint, one token per defined unit
4. 04Onchain market — trade, hold, use as collateral, or redeem

Reserves are held per asset, not pooled. oGOLD is not collateral for oCOPPER, and a failure in one custody arrangement does not propagate across the others. Each asset carries its own custodian, vault, insurance policy and attestation line item.

Attestations run monthly. The auditor confirms the physical holding; the custodian publishes a holdings statement; the protocol publishes onchain supply. Backing above 100% is a deliberate buffer that absorbs rounding, in-transit metal and settlement timing rather than being distributed.

Minting deposits the quoted stable asset and issues the oASSET at the reference price, less the protocol fee. Supply can only expand once the corresponding metal is confirmed in custody — the attestation gates the mint, not the other way round.

Redemption burns the token first, then instructs the vault release. Cash redemption settles in USDC; physical delivery requires a full lot for that metal plus identity verification, and is collected from or shipped by the custodian.

$OREV is the utility and governance token: ERC-20 on Robinhood Chain, 100,000,000 total supply. It does not represent a claim on the metal reserve — it is a claim on the protocol's fee business and the right to steer it.

OREVA settles on Robinhood Chain, an Ethereum Layer-2 built on the Arbitrum Orbit stack for tokenized real-world assets. Gas is paid in ETH and sequencing is first-come-first-served, so no transaction can pay to jump the queue.

Always take network parameters from the official chain documentation rather than a search result — copycat RPC endpoints exist.

Tokenized commodities carry risks that a spot price chart does not show: the custodian can fail, the insurer can dispute, the regulator can restrict transfer or redemption, and the contracts can contain bugs. Reserve attestation reduces information risk; it does not remove counterparty risk.

Commodity prices are volatile and can fall for extended periods. Nothing in this documentation is investment, legal or tax advice, and no offer of securities is made.