Coverage Basket

Thesis

A spot basket of UNI, AAVE, MORPHO, LINK, SKY, ARB and ENA, weighted by circulating market capitalization.

Strategy

• Cap weights: Fresh Circuit market-cap data sets each token's share of the invested sleeve; the remainder stays in USDC. • Rebalancing: Periodic rebalancing uses a relative drift band, route minimums and cost-aware corrections. • Missing data: Missing data delays trading rather than dropping a constituent, and a vanished held token pauses new buys for a cooldown.

Exposure

• Holds: Seven tokens and USDC — Ethereum UNI, AAVE, MORPHO, LINK, SKY, ARB and ENA for the invested sleeve; the rest stays in USDC. • Venue: Ethereum swaps — Uses Ethereum tokens and USDC; fund and activate through Terminal, including ETH for Ethereum gas. • Leverage: None — Uses Ethereum tokens and USDC without leverage. • Costs: Gas, fees, slippage — Gas, swap fees and slippage can cause losses or tracking error; swaps are not atomic across the basket. • Data: Circuit — Fresh Circuit market-cap data sets the weights. • On unwind: USDC — Stopping attempts to sell every basket holding back to USDC.