[ 04 ]$ORB — the license token

Creating indexes burns it

$ORB is the protocol license: preminted once, burned forever in exchange for the permanent right to compose baskets. It is not a governance token, not a fee token — it is keys to the factory.

frozen · 10,000 $ORB

A recipe set once, forever

The immutable option. Components and weights are compiled into the basket account at creation; the only way the recipe changes is a brand-new basket. Fees route 60% to you, the creator.

Compose frozen

managed · 25,000 $ORB

A recipe that rotates inside hard bounds

You become the curator: after a 7-day cooldown you may rotate the recipe, settling shortfalls and surpluses at oracle prices — and the NAV may never drop more than 0.5% in one rotation.

Compose managed

premint

100,000,000 $ORB

static license

10,000 burned

managed license

25,000 burned

mint fee

0.5% in USD

fee split

60% curator / 40% treasury

rotation

7-day cooldown

nav bound

≤ 0.5% drift per rotation

deposit caps

$100k → $500k → $2M → $10M

every mint fee, hardcoded in the splitter

60% — curators

40% — treasury

The split is compiled into the program, not a parameter. Curators are paid for running good indexes; the treasury funds the protocol — neither can be renegotiated on-chain.

Need test $ORB?

The faucet drips 50k $ORB, 100k USD and every listed asset, once per address per 24 hours.

faucet button — left rail