BLONK platform index
The platform token of blonk.fun — a NAV-backed multi-asset index whose backing is a governance-managed basket of reserve assets (USDC + tokenized stocks).
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.
Market vs NAV
Basket composition loads from BasketVault once configured and connected. Set NEXT_PUBLIC_BLONK_VAULT to enable live reads.
Mint — continuous issuance above NAV
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.
Connect a wallet to mint.
Redeem — oracle-free pro-rata basket floor
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.
Connect a wallet to redeem.