How it works
Creating an index takes one transaction. You choose a name, a ticker and the tokens it should hold. Weights follow each token's market capitalization, so larger components carry more of the basket.
Every coin is fully collateralized. Minting deposits the underlying tokens, or USDC that the contract converts into them through on-chain liquidity. Redeeming sells the basket back into USDC or returns the underlying components.
For the longer thesis behind open index markets, read the indexes.club whitepaper.
Pure price moves update the basket weights naturally. Rebalancing is reserved for material balance changes such as supply burns, component changes or idle USDC that should be deployed through on-chain liquidity.
An index can stay managed, with its creator adding or removing tokens over time, or be locked forever. A creator who gives up control keeps earning their share of the fees.
Fees
| Index | NAV | Supply | Coins | Manager |
|---|---|---|---|---|
| Ethereum DeFi Index EDFI | $1.24 | 0 | 7 | Immutable |
| Ethereum Tokenized Stock Index ETSI | $0.88 | 0 | 2 | 0x9709…1D35 |