Methodology

Every vault launches at an index price of 100.00. There is no other normalization step.

V1 vaults are equal-weighted and rebalanced back to equal weight at every snapshot. Equal weighting is easier to explain, easier to audit, and does not depend on unreliable onchain market-cap data.

Vault Index Price = Previous Index Price × (1 + weighted average asset return), where the weighted average return is the mean of each active constituent's period return.

Index snapshots are taken on every price-update run and stored permanently, so historical charts never change retroactively.

An asset missing a price for a given interval is excluded from that interval's weighted average only. If every constituent is missing a price, the index is carried forward unchanged rather than fabricating a value, and the vault is flagged stale.

Constituents are defined in a single config source of truth. Changes take effect going forward only — historical snapshots are never rewritten.

Vault volume is the sum of each active constituent's 24h reported volume. It is informational only and does not affect the index price.