Understand the share.
Then the details.
SECTOR100 is designed around in-kind creation and redemption. Each share represents a proportional slice of the assets held by the vault.
Ten positions.
One transaction.
Deliver the proportional basket of assets and receive index shares. The proposed router lets you enter with one supported asset and assembles the basket within your limits.
Read the methodologyWhen the market moves,
the weights move.
Permissionless rebalancing can bring drift back toward target. The proposed contract checks every trade against its limits.
A real reason to rebalance
The configured drift band is 1 percentage point. Trades sell an overweight holding into an underweight holding.
A bounded trade
A trade is capped at 3% of NAV and by the drift it corrects. The normal minimum is 0.25% of NAV; a final sweep of a retired asset can be smaller.
A checked execution price
Two price routes feed a 30-minute average. Execution must meet the configured slippage floor after pool fees. Unhealthy prices can block rebalancing.
Time between changes
The proposed rebalance cooldown is one hour. This is separate from the 30-day cooldown between governed basket changes.
Every charge,
in the open.
Fees are taken in shares. Management and performance fees dilute all holders; the VIP discount applies to entry and exit charges only.
Charged in shares when you enter.
Charged in shares when you exit.
Per year, accrued through share dilution.
Of gains above the high-water mark.
Proposed fees are fixed in the contract code. VIP staking discounts apply to creation and redemption only. Router swaps also incur pool fees and price impact.
What the design
does not remove.
Tokenized assets depend on their issuer. Transfers can be frozen, and the underlying implementation can be upgraded. In-kind redemption can optionally skip a failed transfer, but the skipped portion remains in the vault for remaining holders. That is a loss the exiting holder explicitly accepts.
In-kind does not mean risk-free. Smart contract faults, token transfer behavior, governance decisions and liquidity can all affect the outcome. The contracts have not received an external audit.
Read the risk disclosures