Magnificent
Seven
An ERC-20 that physically holds all seven of them (NVDA, MSFT, AAPL, GOOGL, AMZN, TSLA and SPCX) at equal weight. One share is a pro-rata claim on inventory the contract actually has, and every balance is on chain for anyone to check.
Held.
Not promised.
It owns the stocks
Not a synthetic. Not a perp. Not a price feed in a wrapper. Seven real token balances sitting in one contract, and you can read every one of them yourself.
Equal weight, because it is checkable
Cap weighting needs a share count per issuer that no contract can verify. Equal weight needs only balances and feeds, so every claim this thing makes about itself is provable. 14.28% per leg.
You can always walk out
Redeem for USDG, or take the seven stocks directly. The in-kind exit reads no oracle and calls no router, so it survives both being broken. Nobody can switch it off.
One in, seven out
- 01
You send USDG
1% comes off the top. Everything left is cut into seven equal slices.
- 02
Seven real swaps
Each slice buys its own stock through PrinterDexRouter: five Uniswap v3 pools, two v4. Real trades against real liquidity.
- 03
Priced on what landed
The vault measures NAV before and after, and mints you shares for the value that actually arrived. Your slippage stays yours.
- 04
Out, either way
Sell the slice back for USDG, or take the seven stocks. The second path needs no feed and no router.
What stops it going wrong
The pools underneath hold $10–50k each. Every limit below exists because of that number.
The exit is never the owner's to close
Minting can be paused. Redemption has no switch: not paused, not timelocked, not at anyone's discretion.
The basket cannot be admin-drained
The rescue hatch is announced three days ahead and reverts on any constituent. It reaches strays and dust, nothing else.
Stale prices stop the machine
Stock feeds sleep nights and weekends. Past six hours without a print, mint and redeem both refuse.
Every swap has a floor
minOut per leg comes from that leg's own feed, less 1.5%. Never zero. A moved or drained pool reverts the whole transaction.
Rebalancing is capped and rate-limited
Only past ±20% of target, at most $200 per leg, then that leg freezes for a day. Thin pools are not worth poking.
No transfer tax, ever
Plain ERC-20. Fees live at mint and redeem only, a taxed token cannot be a pool asset or a launchpad base.
No hidden edge
Half of every mint and redeem fee market-buys $PRINTER for the protocol reserve and holds it, nothing is burned. The other half goes to the treasury. The vault's own swaps also pay the router's standard 1%, which is why a round trip returns about 96% rather than 98%. All of it is itemised in the docs.
The array is online
Live NAV, per-leg balances, weight drift and feed freshness, all read straight from chain.