Treasure Trade Post
Weigh your precious metals against market prices. Discover when on-chain gold, silver, and bitcoin trade above or below their true value.
Meld Arbitrage Spotter
Compare Algorand wrapped assets to spot prices
🥇Gold
🥈Silver
Gold/Silver Ratio
₿Bitcoin Arbitrage
SIGNAL GUIDE
STRONG BUY
>6% discount|BUY
0.5-6% discount|HOLD
±0.5%|SELL
0.5-6% premium|STRONG SELL
>6% premiumData sources: Yahoo Finance (metals), Coinbase (BTC), Vestige API (on-chain). Not financial advice.
How the Merchant Scales Work
Understanding the treasure valuation
Data Sources
- 1We fetch spot gold/silver prices from Yahoo Finance (GC=F, SI=F futures)
- 2We fetch Meld GOLD$/SILVER$ token prices from Vestige DEX aggregator
- 3We convert spot price (per troy oz) to per-gram to match Meld's denomination
- 4We calculate the premium/discount: (Meld - Spot) / Spot × 100%
- 5For Bitcoin, we compare goBTC and WBTC (Vestige) to Coinbase BTC spot price
Signal Thresholds
STRONG BUY>6% discount (underpriced)
BUY0.5-6% discount
HOLD±0.5% (fair value)
SELL0.5-6% premium
STRONG SELL>6% premium (overpriced)
If STRONG_BUY (Meld Underpriced)
- 1Buy GOLD$ or SILVER$ tokens on Tinyman, Pact, or Vestige
- 2Hold the tokens as a precious metals proxy at a discount
- 3Optionally redeem for physical metal via meld.gold (minimum amounts apply)
Best for: Long-term precious metals accumulators looking to DCA at a discount
If STRONG_SELL (Meld Overpriced)
- 1Sell your GOLD$ or SILVER$ tokens on Tinyman, Pact, or Vestige
- 2Realize the premium above spot price
- 3Optionally buy physical metal from a dealer or ETF at spot to maintain exposure
Best for: Taking profits when on-chain premiums exceed physical dealer spreads
₿Bitcoin Arbitrage (goBTC vs WBTC)
If Token is Underpriced (Discount)
- 1Buy goBTC or WBTC on Tinyman at a discount to spot BTC
- 2Compare both tokens - the "Best Opportunity" indicator shows which has the better discount
- 3Prefer goBTC for larger trades (higher liquidity), WBTC for small amounts
If Token is Overpriced (Premium)
- 1Sell your goBTC or WBTC on Algorand DEXs above spot price
- 2Rebuy native BTC on an exchange at spot to maintain exposure
goBTC (ASA 386192725): Native Algorand wrapped BTC - higher liquidity, no bridge risk
WBTC (ASA 1058926737): Wormhole-bridged BTC - lower liquidity (~$139K TVL), bridge smart contract risk
Quick Links
Trade and research resources
Disclaimer: This tool is for informational purposes only and does not constitute financial advice. Arbitrage opportunities may disappear quickly due to market movements. DEX slippage, swap fees, and transaction costs may eliminate small premiums. Meld tokens carry counterparty risk with the issuer. Always do your own research (DYOR) and understand the risks before trading.