Docs
The mechanism, the contracts, and the questions that come up. Body copy marked [COPY] is placeholder pending contracts.
- 1. Swap fee. A Uniswap v4 hook on the $ETF pool collects a fee on every swap. [COPY: fee rate and fee asset, pending contracts.]
- 2. Treasury. Collected fees route to the treasury contract.
- 3. Purchases. The treasury buys all listed tokenized stocks into one pool. Purchases appear in the treasury log with tx hashes. [COPY: purchase weighting, pending contracts.]
- 4. Redemption. A holder sends $ETF to the treasury; the tokens are burned and the holder receives stocks matched to the dollar value burned, drawn from every position. Burning is irreversible. [COPY: price source for the matched value, pending contracts.]
The treasury: one pool holding every listed tokenized stock, bought with swap fees. The treasury page lists each position with its contract address, amount, and value.
Send $ETF to the treasury from the dashboard. The tokens are burned and you receive the same dollar value back in stocks: burn $5,000 of $ETF, receive $5,000 of stocks, drawn from every position the treasury holds.
The dollar value of the burned $ETF, paid in stocks from the treasury pool. The payout is matched in dollars, not in a percentage of supply: value in equals value out, in stocks instead of $ETF, and the burned tokens leave supply for good.
No. The payout is drawn across every treasury position; there is no selecting.
No. The burned $ETF is destroyed and supply falls by the burned amount. The received stock tokens are yours.
Fee purchases add stocks to the treasury while supply stands still. Burns pay out the matched dollar value in stocks and destroy the $ETF, so supply shrinks with every redemption and future fee purchases divide across fewer tokens. This assumes the treasury only buys and supply is never minted, both pending contract confirmation, and it is a statement about the mechanism, not about market prices.
[COPY: pending contracts. This page will state the exact limits, any fee, and how tiny per-position amounts are handled.]
| $ETF token | pending deployment |
| Uniswap v4 hook | pending deployment |
| Treasury | pending deployment |
| Multicall3 | 0xcA11...CA11, deployed |
The 194 tokenized stock addresses come from the official onchain asset registry. The treasury page links every position to the explorer.