The Square Foot Token (SQFT) is a synthetic asset that tracks the price per square foot of residential real estate in a specific geography, whether that’s a neighborhood like Beverly Hills, a city like Chicago, or a custom region.Documentation Index
Fetch the complete documentation index at: https://docs.share.land/llms.txt
Use this file to discover all available pages before exploring further.
How SQFT is priced
SQFT tokens are priced by the market. Shareland uses an automated market maker (AMM) that sets prices based on supply and demand. Users can also place limit orders to buy or sell at a specific price, similar to a traditional order book. To keep prices grounded in reality, each market has an oracle that publishes a reference price based on real-world housing data (recent sales, active listings, and historical trends). Arbitrage incentives create a soft peg that pulls the market price toward the oracle value over time, but the two can diverge in the short term.Example
Example: If the San Francisco SQFT market is trading at $1,300 and you buy $5,000 worth of tokens, then the market price rises to $1,400, your position value increases by roughly 8%.
The Peg Mechanism (Arbitrage)
SQFT tokens maintain their peg to the oracle price through arbitrage. When SQFT trades at a premium or discount relative to the oracle price, the market incentivizes traders to restore balance:- Premium: If SQFT trades higher than the oracle price, you can mint new tokens (by locking collateral) and sell them at the higher market price, effectively shorting with less capital exposure because buyers are subsidizing your entry. This selling pressure pushes the price down.
- Discount: If SQFT trades lower than the oracle price, you can buy tokens cheaply and redeem them (burn) to unlock your collateral at the higher oracle value. This buying pressure pushes the price up.
SQFT is a derivative, not ownership
SQFT tokens give you price exposure to real estate, not fractional ownership of a property. This is similar to how commodity futures let you gain exposure to oil prices without owning barrels of oil. This structure means:- No property management: you’re not a landlord
- Instant liquidity: buy and sell anytime the market is open
- Lower fees: 1.5% vs 6% in traditional real estate
- No minimum: invest any amount
Supported markets
Shareland launches with select US neighborhoods and cities. Markets are added over time based on data availability and community demand.View supported markets
See all currently available SQFT markets