Sow once.
Own the whole index.

Sowdex keeps an atelier's vocabulary because that is exactly what the protocol is: a measured basket, a tradable share, and a floor that keeps the accounts honest. No discretionary managers, no signature chains — just weights, bands and NAV.

OneThe basket

A surveyed set of markets — 2 to 8 legs, explicit weights, a leverage target between 1.0× and 3.0×, and the rebalance band that keeps it honest. Declared once at minting; immutable afterwards, except where governance narrows it.

TwoThe share

The ERC-20 that proves your share of a basket. Minting strikes shares at NAV; redeeming burns them at NAV. Transferable, listable, composable — the strategy is the token.

ThreeThe floor

The ground every basket stands on: an oracle registry marking each leg to market, a counterparty pool underwriting the leverage, and a backstop that absorbs bad seasons in a published order — never at discretion.

Every basket on the floor, straight from the vault contracts — leverage against target, NAV per share, state and oracle freshness. Pick one and operate it at the Desk.

Minted at NAV · redeemed at NAV · states are deterministic health() outcomes, never an operator's call

Ten wrapped ETH walk the full path — deposit, entry fee, shares struck at NAV, target exposure. Every number below is a declared parameter, not a projection; nothing here depends on an operator behaving well.

Fees accrue per second, performance by the dilution method over a high-water mark · each bound is hard-capped on-chain (≤ 50 / ≤ 20 / ≤ 2 bps×100)

This is the exact shape the on-chain composer accepts. Step the weights in 5% increments, pick a leverage target, and read the verdict — every rule here is enforced by the factory, not by a frontend promise.

Weights shown as 5% cells · demo only — nothing is signed or sent

UnderwritingThe counterparty pool

Liquidity providers deposit WNT and underwrite the synthetic exposure every basket runs on. Leverage never comes from borrowed assets or an off-book desk — it comes from the pool, priced by utilization, visible on this page in real time.

Bad seasonsThe backstop

When a basket lands badly, losses absorb in a published order — fees first, then the pool's buffer — never at an operator's discretion. The order is declared in the contracts and cannot be rearranged after the fact.

BookkeepingAnyone, for a bounty

Rebalances and emergency deleverages are permissionless calls with fixed bounties. There is no privileged keeper to bribe or wait for — the floor keeps itself, one bounty at a time.