Understand the whole system.
An index for the basket. SEC for governance. A planned launchpad that connects new token markets to the index share.
Design documentation · On-chain functions are not liveThree parts, three different jobs.
- 01
The index: $SECTOR100
A share represents a proportional claim on the assets held by the vault. The opening proposal contains ten tokenized assets across five sectors. The value of a share changes with those holdings and fees.
Read about the vault - 02
Governance: $SEC
A separate token for voting on permitted basket changes and treasury spending. Proposed SEC staking tiers reduce the vault's creation and redemption fees. SEC itself is not a claim on the index basket.
Read about SEC - 03
The launchpad
The planned place to create and discover tokens, enter their trading markets and track creator fees. The proposed pairing model uses SECTOR100 as the quote asset for launchpad tokens.
Read about the launchpad
How the parts connect.
A pair is a market where two tokens can be exchanged. Pairing a token with SECTOR100 does not place that token inside the vault, give its holders SEC voting power, or guarantee demand or returns. Routing and liquidity design still need implementation.
Two ways to acquire an index share.
Create through the vault: deliver the required basket assets and receive newly minted shares, after fees. A router can help assemble the basket from one supported input token.
Buy from a pool: exchange with an existing market's liquidity. Buying an existing share does not itself create a new share or deposit new assets into the vault. Pool prices can differ from the underlying asset value.
Fees follow different paths.
Vault fees cover creation, redemption, management and performance. Trading fees apply when swapping through pools. A planned creator dashboard covers the fee entitlement associated with a creator's token pools, separately from treasury funds.
See the fee breakdown