Already built in. 50% of every $FIX6900 creator-fee claim buys Index units, pairs them with SOL, and goes into the Index/SOL pool as a permanent position. The other 50% buys the basket and airdrops units to holders. Runs every 15 min, every tx on https://t.co/UAVPeDeNn6.
On top of that the keeper's arbitrage keeps the pool pinned to NAV: ~1.5 SOL in profit today from traders pushing it off. If the pool trades off NAV, create/redeem on the site is always at exact NAV.
every $fix6900 unit is backed by a vault holding the actual memecoins. not a promise, not a wrapper. real balances, onchain, readable any block.
the index rebalances on schedule so no single coin takes over the basket. one meme pumps, you catch it. one dumps, it's capped. that's the point of equal weight.
premium below NAV right now. that's the arb window. mint from the basket, or just buy the index under what it's worth. market closes the gap either way.
NAV is live and reading from the fund account. we don't tell you what's backing the index. the chain does. /verify.
Things to know before you ape:
Index pool is small today (~$500 a side). Big buys move it. Create/redeem on the site is always at exact NAV if the pool is off.
Program is upgradeable by us for now. Disclosed on /verify. Moving to a DAO of $FIX6900 holders.
$FIX6900 is live. Two tokens, one machine.
Coin (https://t.co/9gjiYdqNQi): 6nHAaiY8Lvwx5AAbVaxHAZgYkVJHv2cqrt6juHuJtVi5
Index units (the basket): EP6BYREep52UGVpXjKb9p3YH2dGT8K8vUpYQLLiomLDw
Site: https://t.co/P71HjwStt3
Code: https://t.co/MD43oMf947
How to check we're not lying:
https://t.co/sYNA6Y6zOi shows the mint authority is the program, every vault is owned by the program, and the upgrade key. Program is open source and the deployed bytes hash to the repo build.
Read the program yourself. Some of you already are.
the holdings page is live.
every coin in the index, its weight, its target, and the drift between them. equal weight across the whole basket, all vault-backed, all readable onchain.
this is what's actually behind $fix6900.
Introducing $fix6900. The S&P500 of memes.
CA: 6nHAaiY8Lvwx5AAbVaxHAZgYkVJHv2cqrt6juHuJtVi5
https://t.co/nAovaq6IH5
One token. Equal-weight exposure to the top Solana memecoins, backed 1:1 by onchain vaults, verifiable at any block.
@a1lon9 said fantasy index gonna flip SPX.