Mint & Redeem
INDX Small Cap Utility
Acquire index shares against the Reserve, or redeem them back into the underlying constituents. Shares only ever exist against backing that has already arrived.
PreviewNo contracts are deployed and no indexer is connected. Every live value — NAV, balances, Depth, Flow and fees — renders as —. Target weights, Bands and methodology parameters are configuration, not market data.
Not deployed
Single assetYou supply one asset and the protocol buys the basket in the proportions the Reserve already holds, then mints against what it acquired. You pay spread on every leg — minting in kind costs nothing in slippage if you already hold the constituents.
Balance —
USDG
Bought on your behalf
Enter an amount to see the split—
The bound that matters
INDX
NAV / share—
Legs bought—
Composition afterUnchanged — bought pro rata
Idle
In-kindName the number of INDX you want. The Router works out the deposit each constituent requires at current Reserve weights, and every one is shown before anything is signed.
Not deployed
INDX
You deposit
Enter an amount to see the required deposits—
Explicit, never defaulted silently
%
Idle
Mint path
USDG
↓ deposit
IndexRouter
↓ buys constituents
at target weights
IndexVault
↓ backing lands
in the Reserve
INDX mintedBacking firstShares mint only after the backing arrives in the Vault. Capital deployed as Depth never justifies minting additional shares.
What gets bought
| Constituent | Target weight | Allocation | Est. price impact |
|---|---|---|---|
A PROJECT AA / USDG | 12.0% | — | — |
B PROJECT BB / USDG | 11.5% | — | — |
C PROJECT CC / USDG | 11.0% | — | — |
D PROJECT DD / USDG | 10.5% | — | — |
E PROJECT EE / USDG | 10.0% | — | — |
F PROJECT FF / USDG | 9.5% | — | — |
G PROJECT GG / USDG | 9.0% | — | — |
H PROJECT HH / USDG | 8.5% | — | — |
I PROJECT II / USDG | 9.0% | — | — |
J PROJECT JJ / USDG | 9.0% | — | — |
Balance —
INDX
Not deployed
INDX
You receive
Enter an amount to see your pro-rata slice—
NAV / share—
SettlementIn kind
SlippageNone
Idle
Constituents sold on your behalf
USDG
Explicit, required
%
Priced at executionConvenience redemption sells the underlying for you, so the result depends on live market conditions. Slippage is always explicit and never defaulted silently.
Settlement path
- Check idle ReserveIf idle assets cover the redemption it settles immediately.
- Unwind Depth if requiredThe ReserveController pulls Depth back from constituent markets, within its limits.
- Settle constituent inventoryPositions resolve into redeemable assets.
- Process redemptionShares burn and the underlying transfers.
Never blockedDepth deployment cannot permanently prevent a valid redemption. A paused Engine does not block redemption either.
What you receive
| Constituent | Target weight | Pro-rata amount | Est. price impact |
|---|---|---|---|
A PROJECT AA / USDG | 12.0% | — | — |
B PROJECT BB / USDG | 11.5% | — | — |
C PROJECT CC / USDG | 11.0% | — | — |
D PROJECT DD / USDG | 10.5% | — | — |
E PROJECT EE / USDG | 10.0% | — | — |
F PROJECT FF / USDG | 9.5% | — | — |
G PROJECT GG / USDG | 9.0% | — | — |
H PROJECT HH / USDG | 8.5% | — | — |
I PROJECT II / USDG | 9.0% | — | — |
J PROJECT JJ / USDG | 9.0% | — | — |