Index baskets
One token, a whole sector. Baskets hold the underlying stock tokens directly, so exposure is backed by assets you can redeem, not by a synthetic promise.
How baskets work
A basket is an ERC-20 minted against a fixed recipe of underlying stock tokens. Deposit the underlying to mint basket tokens; burn basket tokens to withdraw the underlying. The vault holds the assets on-chain where anyone can verify them, and there is no manager with discretion over the recipe.
- Fully backed: every basket token is redeemable for its exact share of the vault.
- Composable: baskets are plain ERC-20s, so they can sit in an LP pool, collateralize other protocols, or just live in your wallet.
- Transparent: the vault address and its holdings are public at all times.
The launch lineup
The flagship basket, zMAG7, tracks the seven mega-cap tech names — NVDA, AAPL, MSFT, GOOGL, AMZN, META and TSLA — equally weighted at inception. It launches alongside zAI (AI leaders), zCHIP (semiconductors), zBLUE (blue chips) and zETF (broad market). Every basket is a fixed bundle of underlying shares set at an inception NAV of $10.00, so its price simply moves with the live prices of what it holds. One token gives you exposure that would otherwise take seven positions to build and rebalance.
Pricing and arbitrage
The market price of a basket can drift from the value of its contents. Because mint and redeem are always open, arbitrageurs close that gap: if the basket trades rich they mint and sell it, if it trades cheap they buy and redeem it. The mechanism keeps price and net asset value tied without anyone having to trust a market maker.