INDEX BASKET PROTOCOL·SOLANA DEVNET·LIVE RPC READS

One string.
Every ratio.

LIVE NAV / SHARE · $MIX2X

—

NEXT ORACLE BEAT — · one stale leg halts all

Monocord strikes weighted, leveraged baskets of stocks, ETFs and crypto into one SPL token on Solana — each leg a cell on the string, each cell 5%, shares struck at NAV. The position you see is the token you hold.

READS VIA PUBLIC RPC · NO WALLET NEEDED · every number on Markets ↗

Four movements,
no discretion.

the whole operation set · every rule enforced on-chain

Ⅰ

Compose

Stack 2–8 legs in 5% weight cells — stocks, ETFs, crypto — then pick a target from 1.0× to 3.0×. The factory refuses anything outside the bands.

Σ|w| = 100% SINGLE LEG ≤ 50% TARGET 1.0–3.0×

Ⅱ

Mint

Wrap native SOL, deposit WSOL — shares strike at NAV. No lockup, no whitelist, entry fee 10 bps, approval and deposit in one flow.

ENTRY 10 BPS STRIKE NAV ASSET WSOL

Ⅲ

Hold

While you hold, exposure tracks the band: a 0.25× drift lets anyone rebalance for a bounty; one stale oracle leg halts the whole system — loudly.

REBALANCE ±0.25× HEARTBEAT 300 S HALT ALL OR NOTHING

Ⅳ

Redeem

Burn any amount at NAV, any time — exit terms declared at mint and only ever improving. The token is the position; there is no separate claim.

EXIT 10 BPS SETTLE AT NAV TRANSFERABLE SPL

The board reads itself.

every basket · leverage vs target · live reads, no wallet

№	Basket	Leverage act / tgt	NAV / share	State	Oracles
Reading chain…

states are deterministic health() outcomes, never an operator's call · a trailing · marks a stale oracle read · operate any row on the desk ↗

Leverage is a band,
not a guess.

synthetic exposure · hard-coded bounds · permissionless enforcement

Exposure is synthetic — underwritten by a counterparty pool against margin, measured from NAV on every health check. The bands are hard-coded: drift calls a rebalance, the ceiling calls anyone.

← CREATION REFUSED ABOVE 3.0× TARGET ZONE 1.0×–3.0× EMERGENCY AT 3.25× →

01 · REBALANCE TRIGGER

± 0.25×

drift from target — permissionless, keeper-bountied

02 · EMERGENCY DELEVERAGE

≥ 3.25×

anyone may call it and take the bounty

03 · ORACLE HEARTBEAT

300 s

one stale leg halts mints, redeems, rebalances

04 · SOFT LIQUIDATION

≤ 15%

NAV at or under this share of entry reads Settled-bound

05 · ENTRY / EXIT FEE

10 / 10 BPS

each hard-capped at 50 bps on-chain

06 · MANAGEMENT / PERF

1% / 10%

per-year vs over high-water mark — both capped

The record.

v0.3 · devnet MVP · appended, never rewritten

2026-09-23 05:02:31 UTC LIVE

Phase 01 — Testnet MVP

One non-upgradeable Anchor program on Solana Devnet: eight demo baskets, twelve mock feeds on a 300 s heartbeat, permissionless rebalances with bounties, backstop pool seeded.

QUEUED NEXT

Phase 02 — Deeper water

Short weights, liquidation incentives, fuzz and simulation reports published with the manual, Chainlink stock and ETF feeds mapped to the registry.

REVIEW GATE

Phase 03 — Mainnet evaluation

Compliance assessment, audited contracts, position limits ramp — and the $MONO utility evaluated against the checklist before anything ships.

Straight answers.

the rest live in the Manual

Q·01What exactly do I hold?

An ordinary SPL token — the share token of one basket vault. Minting strikes it at NAV, redeeming burns it at NAV, and in between it is transferable, listable and composable like any token. The weighted, leveraged strategy is the token.

Q·02Where does the leverage come from?

From a counterparty pool, not from borrowed assets. Exposure is synthetic: the pool underwrites it against margin, and actual leverage is measured from NAV and margin on every health check. A 0.25× drift triggers a permissionless rebalance; 3.25× triggers emergency deleverage — anyone may call either, for a bounty.

Q·03What if an oracle goes stale?

Every feed must beat a 300-second heartbeat (testnet value). The moment any leg goes stale, the whole system halts — mints, redeems and rebalances included — until freshness returns. Failure is designed to be loud and total, never partial or quiet.

Q·04Can the terms change after I mint?

Weights, bands and exit terms are declared at minting and immutable afterwards. Governance can only narrow parameters within hard caps — it can never widen fees, raise leverage past the ceiling, or touch your redemption at NAV.

Take a position.

operate · watch · verify · follow

One string.Every ratio.