Why OIL(USOON) Prices Differ from USO and WTI

OIL(USOON) is designed to track the price of USO, not WTI futures or physical crude. This means that OIL(USOON), USO, and headline WTI prices may not be identical. The tokenized fund provides economic exposure linked to USO, but with its own market dynamics.

The price difference between OIL(USOON) and USO can arise at either layer of the tracking relationship: WTI futures → USO or USO → OIL(USOON). A complete pricing chain includes oil supply and demand, WTI futures curve, USO NAV, USO market price, tokenized exposure, and OIL(USOON)/USDT.

Arbitrage can help connect token markets with underlying markets by minting and redeeming tokens. However, this process is limited by eligibility, liquidity, market hours, transaction costs, operational constraints, and risk controls.