DEED

A vault that owns a share of rented apartments, publishes what every one of them paid, and lets you check the arithmetic.

Tenants pay rent. The bills come out of it. What is left stays in the vault and lifts the price of a share. You never receive a rent cheque, and you never own an apartment.

On the first of every month the vault publishes The Roll — the report for the month just ended. It lists every apartment, what its lease says, whether the rent arrived, and every cost that was taken out. The file is hashed and the hash is written on chain beside that month's closing share price, so the document you read is provably the document that was published.

These docs cover three things:

Using the vault — what a share is, how its price moves, what it costs, and what can go wrong.
The Roll — how to read a monthly report and how to verify one yourself.
Building on it — the contracts, the chain, the audit, and how to run the whole thing on your own machine.

The short version

What you hold	vDEED, an ERC-4626 share of the vault
What sets its price	The USDG the vault holds, divided by the shares outstanding
Where the money comes from	Rent collected, net of property costs and fees
When you get paid	When you redeem. There is no monthly payout.
How you check it	Recompute the Roll's hash and compare it with the chain

Nothing here is a projection. Every figure on the site is computed from the ledger it is published with, which is why a Roll can be checked line by line rather than taken on trust.