Hold.

Each swINTC is a pro-rata slice of the vault's liquidity in the pool. Its value is read from the pool account, not from an oracle.

How swINTC is valued

Value per swINTC = the vault's liquidity per swINTC × pool reserves ÷ pool liquidity.

In full:

(L_vault / supply) × (token_a_amount / 10^dec_a + token_b_amount / 10^dec_b) / pool.liquidity

One token of either issuer counts as one share of stock.

Where the growth comes from

Every conversion through the Meteora pool leaves a fee in its reserves, so each swINTC is backed by a little more stock. Compounding fees grow the reserves while the pool's liquidity stays the same. Single-token deposits through the vault's pool add a smaller second source: their 0.05% vault fee stays in the position without minting swINTC for it. See Fees.

Verify it on-chain

Every figure in the app can be checked against the pool account and the swINTC mint on Solana Explorer. The addresses are listed under Contracts.