The OTC desk for tokens.
Turn treasury into runway. Buyers get a better entry. Settle directly onchain.
- $PIPE30%
- Size
- $25,000
- 40%
- Lock
- 6mo
- $LINE27.5%
- Size
- $18,750
- Lock
- 3mo
- $OTC17.7%
- Size
- $5,400
- Lock
- 2mo
| Token | Discount | Size | Lock |
|---|---|---|---|
| $PIPE | 30% | $25,00040% | 6mo |
| $LINE | 27.5% | $18,750 | 3mo |
| $OTC | 17.7% | $5,400 | 2mo |
How it works.
Name your terms
Buyers offer USDC for a block of tokens. Teams list tokens for sale. Either side can go first.
Shake hands
When the terms work, the trade settles instantly. A listing can be partially filled or taken whole.
Tokens roll in
Tokens stream into the buyer's wallet, on the agreed schedule.
Two sides, one desk.
Get an entry on your terms.
Make an offer, or take a deal a team has already listed. You agree the price and the unlock up front.
A price you agree on
Take a listing whole or in part at a fixed price — no slippage, no chasing the chart.
Yours once it settles
Tokens stream to your wallet and can't be clawed back.
Move on anytime
Your unlock is an NFT — sell it and the next buyer picks up the rest.
Raise USDC from tokens you hold.
List part of your treasury at a price and schedule you choose — without dumping it on the open market.
Cash without selling into the market
Turn tokens you're holding into spendable USDC.
On your terms
You set the size, the price, and how long it unlocks over — and let buyers fill it in parts.
Buyers who stick around
Filled by one buyer or many over time — all on a schedule from day one, committed, not flipping.
A real deal, piece by piece.
- Token$OTC
The token changing hands — $OTC.
- Market price$0.1000Discount30%
What the buyer pays per token, agreed up front — 30% below market.
- Buyer pays$25,000Tokens357,143
$25,000 of USDC for the tokens — taken whole or filled in parts at the same price.
- Unlocks over90 days
Tokens stream into the buyer's wallet over 90 days.
How the unlock works.
Tokens stream in steadily on a schedule agreed up front — here, over 90 days. TapHover the line to see how much has unlocked at any point.
Powered byQuestions, answered.
Pipeline is built for token teams raising USDC against their treasury and for investors who want an entry on agreed terms. But it's permissionless and open — anyone holding any ERC-20 can list or sell, and anyone with USDC can make an offer or buy.
Anyone. If you hold USDC, you can make an offer or buy a listing. If you hold the token, you can sell into an offer or list it for sale.
No. Offers and listings are approval-based intents — nothing moves until a deal settles. USDC and tokens settle atomically in a single transaction.
In one atomic transaction. The buyer's USDC and the seller's tokens move together — both legs settle or the whole thing reverts. The seller is paid in USDC upfront, and the buyer receives the tokens as a Sablier vesting stream over the agreed duration.
No. Listings can be filled in parts — a buyer can take the full lot or just a part of it at the same per-token price. Sellers set a per-fill minimum, and each fill settles and vests as its own stream until the listing is sold out. (Offers are still all-or-nothing.)
No — only the tokens vest. The seller is paid the USDC in full, upfront, the moment the deal settles. Vesting applies to the token leg alone: the buyer's tokens stream in over the agreed schedule.
Sablier, the streaming standard used across DeFi. Each unlock is a non-cancelable stream issued as an NFT in the buyer's name — it can't be clawed back, and because it's transferable the buyer can sell it on and the next holder picks up the rest of the unlock.
Yes. Buyers can cancel offers and sellers can cancel listings at any time before they settle. Since nothing is escrowed, cancelling just flips the order's status — no funds are locked up waiting.
The protocol charges a 1% fee on the USDC side of the trade. No tokens are collected — the token leg is delivered in full. Beyond that, you only pay gas.
Pipeline is permissionless on Base: any ERC-20 can be offered or listed. Payment is always in USDC.