Welcome to finance for the free.

In a world governed by legacy banks, bloated bureaucracies, and opaque monetary policy, everyday money has lost its anchor. Inflation eats away at savings. Transfers are slow. Redemption is always subject to someone else’s permission. And yield? That’s been hijacked by middlemen in suits.

Stablecoins were meant to solve this, but most have only recreated the same power structures onchain. Centralised custodians. Black-box reserves. Yield for insiders, risk for everyone else.

This is not the way.

The people deserve a coin that answers to no one, yet is backed by something real. A coin born offshore, forged onchain, and governed by the code — not kings.

We are landlubbers no more.

We created Piratecoins (initially pNZD & pAUD, more on the horizon) to offer a decentralised, censorship-resistant alternative to traditional stablecoins.

No fiat redemption. No hidden leverage. No banker games.

Each Piratecoin is fully backed by a mix of:

• Onchain sovereign debt (e.g. NZ and AU government bonds)
• Trusted stablecoins (NZDD, AUDD) held transparently
  

And unlike other coins, all reserves are verifiable in real-time. There are no accounting tricks, no fake audits, and no redemption honeypots.

We don’t promise yield. We promise freedom.

The Piratecoin Reserve is made up of real-world assets, transparently tokenised and observable onchain. Our reserves:

• 70–80% tokenised NZ or AU treasury products
• 20–30% NZDD / AUDD stablecoin
  

Each pNZD and pAUD is overcollateralised at launch and monitored by smart contract logic.

No offchain auditors. The blockchain is the ledger. Our “proof of reserves” is open, live, and immutable.

The rules that govern Piratecoins are simple:

• Minting: Only permitted through approved contracts with real-time proof-of-treasure
• Burning: Available to all, but no fiat redemption is offered
• Fees: A 0.1% mint + 0.1% burn fee funds the Pirate Treasury
• Swaps: DEX integrations enable FX and trading
• Minimal Compliance, Maximum Freedom: Piratecoins do not implement wallet blacklisting or censorship at the token level. Transfers between wallets are fully decentralised and uncensorable - we trust the chain, not politics. Compliance responsibilities for fiat redemption are handled by the regulated stablecoins (e.g. USDC, dNZD, dAUD) used to mint and redeem Piratecoins. Piratecoins themselves are purely onchain assets with no direct link to fiat, and therefore sit outside the scope of traditional financial compliance obligations.

Governance will transition to PirateDAO. Until then, the multisig treasury is guarded by trusted crew.

Piratecoins are more than just stables. They’re the base layer of a growing DeFi ecosystem:

• PirateDEX: Decentralised trading pools where Piratecoins can be swapped with other assets. Powered by AMMs and open liquidity.
• Lending: Piratecoins as collateral in lending protocols
• Monthly Loot: Hold Piratecoins and receive automatic cashback rewards each month. The loot is funded from real protocol revenue — mint/burn fees, swap fees, and treasury earnings. No promises, no fixed returns. Just your share of the treasure, distributed fairly and transparently.
• Staking: Lock Piratecoins into the PirateVault to earn double monthly loot. Stake weight determines your share of the treasure.

All protocol fees are governed by the Pirate Treasury and eventually distributed by DAO vote.

As the high seas of DeFi evolve, so too shall the Piratecoins protocol. Below be a chart of advanced mechanisms and integrations that await the signal to hoist anchor — bringing more treasure, more firepower, and more freedom to the Pirate fleet.

6.1 Looping the Loot

pNZD and pAUD can be used in recursive lending strategies: deposit them as collateral, borrow other assets, swap back, and repeat. This allows degens to loop the loot, stacking leverage on top of yield-bearing Piratecoins. Deploying on protocols like Silo, Morpho, or Gearbox opens the door to 2–5x exposure while the protocol earns extra fees on the side. Proceed with caution, for over-leveraging might land ye in the Kraken’s jaws.

6.2 Staking into the LSDfi Tides

Piratecoins can pair with liquid staking derivatives (LSDs) like stETH, rsETH or mETH to create high-yield LP positions. When dropped into protocols like Pendle, these LPs let ye trade and farm the future yield of both sides — pNZD and ETH. Picture a Pendle vault filled with pAUD/stETH, flowing with dual yield and BOUNTY incentives. In these waters, both the staked and the staker get paid.

6.3 Bribery and Governance Gauges

As PirateDEX evolves, it may chart a course toward veTokenomics. By locking $BOUNTY into a vote-escrowed system, stakers will gain power to direct emissions, earn bribes, and rent liquidity — all without emptying the protocol’s coffers. This brings Piratecoins into the world of gauge wars, where votes and bribes flow like rum in a port town. Solidly forks, Hidden Hand, and ve(3,3) mechanics await.

6.4 Accepted Across the Seven Chains

We aim to cast pNZD and pAUD far beyond their home port. With bridges like LayerZero and Across Protocol, Piratecoins can reach other chains (Arbitrum, Base, Blast) where new yield farms await. With each new harbour comes a new chance to farm, swap, and earn — and with BOUNTY incentives layered in, liquidity flows fast and free. Soon, the Pirate standard may fly across every DeFi sea.

6.5 Real Yield Vaults

A share of the treasury yield that backs every Piratecoin will one day be directed into Real Yield Vaults, where users may deposit pNZD or pAUD and earn predictable, no-fuss returns. This be no ponzi yield — just honest coin from tokenised NZD and AUD treasuries. Rewards may be paid in stablecoins or $BOUNTY, and the protocol may offer different tranches for low-risk deckhands and high-risk captains alike.

6.6 Hedging and Insurance

Every good sailor prepares for a storm. Future modules will allow users to hedge against depegs, swap volatility risk, and insure their holdings against calamity. pNZD-based options markets may let ye bet on central bank moves, while insurance protocols like Sherlock and InsurAce offer cover for PirateDEX or treasury vault risks. Even pirates must mind their risk management.

We’re not naive. Even pirates must respect the storm.

Risks include:

• Smart contract vulnerabilities
• Oracle manipulation or failure
• Regulatory shifts in offshore jurisdictions
• Market volatility of tokenised debt instruments
  

Our defence: fully collateralised reserves, decentralised infra, and a DAO that can adapt with agility.

$BOUNTY is the planned governance token of the Piratecoin ecosystem. It represents the voice of the crew, the keys to the treasury, and your claim to the spoils of on-chain conquest.

There will only ever be 1,000,000,000 $BOUNTY tokens. No inflation. No hidden mint keys. No tricks.

• 40% – Community Distribution (400M)
  • 30% via airdrops, liquidity mining, and early usage
  • 10% reserved for future DAO-based community programmes
• 20% – Founders & Core Contributors (200M)
  • 4-year vesting with 1-year cliff; monthly unlocks thereafter
• 30% – DAO Treasury Reserve (300M)
  • Unlocked at 10% annuall
  • Deployed only via DAO proposals and votes
• 10% – Strategic Partners & Advisors (100M)
  • Allocated to aligned partners who support growth and expansion
    
    

$BOUNTY holders will govern:

• Protocol upgrades and smart contract changes
• Treasury disbursements
• Launch of new Piratecoins
• Bounty mechanics and reward distribution logic
  

The PirateDAO will control the treasury and the protocol. There is no central bank here — only a decentralised crew, charting their course together.

We are building something no central bank would dare attempt. A sovereign-grade, uncensorable stablecoin with real reserves and no masters.

To all rebels, builders, meme-lords and DeFi dreamers: your ship awaits.

Raise the black flag. Claim your share of the treasure.

Welcome to Piratecoins.