Redeem the real constituents anytime. Instant, cannot be drained, never pauses.
A market-maker filler delivers the basket; settles at the next real open, never on a guess.
Settle immediately at the 24/7 NAV, within a safety buffer so the estimate only has to be roughly right.
Anyone can now create a fund in one click. But a fund that trades around the clock hits a wall: its market is closed ~80% of the week, and that leaves two bad answers.
exploitable. Arbitrageurs drain the fund.
safe, but defers the problem.
The recipe is a commitment, so a create or redeem touches only the names it moves. 500-name NAV verification, in gas.
The vault is its own claim ledger. Create and redeem move nothing externally, so the 500-transfer wall is gone.
One signature authorizes every pull; a market-maker filler lets anyone enter and exit in a single token.
Pick holdings and weights, hit deploy. The fund is live on-chain. No sponsor, no capital.
24/7 NAV, confidence band, safe flag, forward settlement. Non-custodial and neutral.
Assembles the basket, fronts cash liquidity, fills single-token in / out, runs rebalance auctions.
Deployed contracts, the live frontend and playground, the paper, the demo, the hacks, and the full docs. All from one place.
meridian-landing.up.railway.app →