Vault
Every token is a claim on this basket. Holdings are custodied by the vault contract and can only be rebalanced by swapping — never withdrawn.
Vault value
liveStablecoin position
Basket assets
Full-redemption residual
Basket move, 24h
−0.42%Allocation
Total value
Holdings
| Asset | Price | Quantity | Value | 24h | Full-exit residual | Weight |
|---|---|---|---|---|---|---|
pDAISTABLE Bridged DAI (buffer) | $1.00 | 160.87K | $160.87K | +0.65% | $1.61K 1.61K pDAI | 12.5% / 12% |
PLSX PulseX | $0.0₃1653 | 2.12B | $350.44K | −0.00% | $3.50K 21.20M PLSX | 27.3% / 26% |
HEX HEX | $0.0130 | 22.56M | $292.81K | +0.49% | $2.93K 225.64K HEX | 22.8% / 24% |
pWBTC Bridged WBTC | $96,334 | 2.74 | $264.18K | −3.17% | $2.64K 0.03 pWBTC | 20.6% / 20% |
pWETH Bridged WETH | $3,631 | 58.89 | $213.82K | +0.24% | $2.14K 0.59 pWETH | 16.7% / 18% |
Weights are operator-managed in real time — v1 publishes no fixed target allocation. DAI is held in-kind like every other basket asset. Prices come from each asset's deepest discovered market (any factory, any reference pair, ≥$25 depth); an asset with no liquid market shows its balance with no invented price.
Vault value history
Vault value moves with basket prices and grows with every mint premium, redeem discount, and taxed transfer the protocol retains. The overlay is pool price × total supply — what all tokens would be worth at the last pool price; a comparison metric, not sale proceeds. Mints and redeems move both lines together; only pool trades and burns pull them apart.
In-kind redemption — always on
paid out if the entire current supply were redeemed in one call
Full-supply payout
$1.27M
99.0% of each current basket balance
Residual after supply reaches zero
$12.82K
1.0% discount holdback, plus less than one raw unit of rounding per asset
Redeeming burns tokens and pays a proportional slice of every asset the vault holds after the live 1.0% discount — no stablecoin buffer, no queue, no price feed consulted. The figures above are the exact economic split for one redemption of the full current supply; sequential redemptions can change the final residual because each retained discount accrues to whoever remains. There is deliberately no pause switch on this path. A DAI-only exit is available through the zap door, which sells the slices at live pool prices inside your own transaction.
How the vault is caged
Swap-only rebalancing
The owner can rebalance only by swapping one basket asset for another through whitelisted DEX routers, and the contract enforces that the swap output returns to the vault. There is no function that sends assets to an external wallet.
No emergency withdrawal
No admin escape hatch exists — no emergency-withdraw, no sweep, no arbitrary call. The only ways value leaves the vault are holder redemptions at NAV −1% and whitelisted swaps whose proceeds stay inside.
Unpausable exit, managed basket
Basket membership and rebalancing are operator-managed in real time — v1 imposes no caps or delays on the operator. The holder protection is structural instead: in-kind redemption cannot be paused by anyone, so the exit door is open at all times, at NAV minus the live discount, no matter what the operator does.