02 / Primary issuance

A new vault.
Entered in the register.

Buy a newly issued vault in a holder-approved sale round. Payment is in cbBTC, at the price set by the vault holders.

Charter window status

Read the charter record.

The current dates and claim count appear here when the public record loads.

Your next step

What happens next

Check the round
New vaults are available only while a sale round is open.
Review the price
Your payment goes to the Bank’s revenue address: 85% to participating vaults and 15% to the Bank’s treasury. The holder-approved price is at least 21,000 sats. Your new vault starts empty; the purchase price is not its activation deposit. A small SOL balance pays the network and creates the on-chain accounts.
Make it yours
The level is assigned on chain. Your new vault appears in your Gary Club wallet.
Activate participation
After its level is drawn, deposit at least 21,000 sats of cbBTC into the vault and request activation. It joins after a distribution and earns from the following one. The deposit alone does not start payouts.
No vault, including a vault bought in the first sale round, can join the payout pool earlier than thirty days after charter close. The first payout that requires no $GARY burn is no earlier than sixty days after close. After joining, a payout triggered by burning 100 $GARY can arrive sooner.