BLONK platform index

BLONK is a NAV-backed index: its USD NAV is the oracle-priced value of every basket asset it holds, divided by BLONK supply. A hard floor sits beneath the price — any holder can always redeem BLONK for a pro-rata slice of every basket asset. That redemption is oracle-free, so it keeps working even if a price feed is down. On top of that floor the market assigns a franchise premium, and continuous issuance mints new BLONK (accretively, for USDC) only while that premium sustainably holds above USD NAV.

Basket composition loads from BasketVault once configured and connected. Set NEXT_PUBLIC_BLONK_VAULT to enable live reads.

Continuous issuance mints BLONK by depositing USDC at USD NAV × (1 + premium). All figures are USD-denominated (per BLONK), so the premium is the franchise premium of the index. Minting is only available while BLONK's USD TWAP sustainably exceeds the rate-limited issuance price — and it is always accretive: every mint deposits USDC into the basket and raises USD NAV per existing BLONK.

Issuance is not configured. Set NEXT_PUBLIC_BLONK_ISSUANCE to enable live minting. Figures above are placeholders derived from seed data.

Redeeming burns BLONK for a pro-rata slice of the entire basket — you receive a proportional share of every reserve asset (USDC + tokenized stocks), minus a small redemption fee that stays in the vault (slightly accretive to remaining holders). Redemption is oracle-free, so it keeps working even if a price feed is down. This is the hard NAV floor beneath the franchise premium.

Redemption is not configured. Set NEXT_PUBLIC_BLONK_REDEMPTION to enable live redemption.