Every $MEMETEN is a claim on ten deposit boxes, one for each of the largest memecoins on Solana. Burn it and the boxes open. Nobody else holds a key.
| # | Coin | Weight | 30 days | Units / $MEMETEN | Price | 24h | Value / $MEMETEN | Mint |
|---|---|---|---|---|---|---|---|---|
| NAV | 100% |
Change the rules and the index is rebuilt from scratch on real daily prices. Each rebalance re-ranks the whole watchlist, so coins can enter and leave the basket as they would live.
Each bar is one coin's share of the index return, added day by day from its weight that morning and its move that day.
Pick a shock and see what it does to $MEMETEN next to holding a single coin. SOL moves spread to every coin through how closely each one followed SOL over the last 90 days.
Drag the sliders to set your own mix and see how it would have done next to $MEMETEN. Weights are normalised to 100%, so only the ratios matter. Your basket keeps the same weights for the whole period, while $MEMETEN re-weights by market cap every week, so even today's $MEMETEN weights give a different result in the past.
Most people hold SOL, not ten memecoins. Enter an amount and the desk splits it by basket weight, asks Jupiter for the best route to every coin and shows how much $MEMETEN that buys. Swaps run in one transaction once the program is live.
Fetching routes…
| Coin | Weight | SOL in | You receive | Impact | Route | You hold |
|---|
Enter the price $MEMETEN trades at in its pool, or click the gauge. The desk tells you which side of the trade closes the gap to NAV and what it pays on the amount above.
Press the buttons to see what the program does. Supply and vault balances move together, so NAV per $MEMETEN stays the same no matter how much is created or redeemed.
At each rebalance the program re-ranks the watchlist by market cap. The top ten eligible coins form the basket. Political and celebrity tokens are not eligible, and a coin needs at least $150K of liquidity in its main pool.
| Rank | Coin | Market cap | Main pool liquidity | 24h | vs. #10 cut | Status |
|---|
Deposit the ten coins in their basket ratios. The program checks every amount and mints $MEMETEN to your wallet. Nothing is swapped inside the program.
$MEMETEN trades in its own pool. If it drifts away from NAV, the create and redeem trades pay anyone who closes the gap.
Burn $MEMETEN and the vault sends your share of every coin back to you in the same transaction. No one can freeze or pause redemptions.
NAV = Σ ( unitsi × pricei ) · unitsi = vault balancei ÷ $MEMETEN supplyThe coins in the vault. Every $MEMETEN in circulation has its share of all ten coins sitting in a program-owned account. Anyone can read the vault balances and recompute NAV.
A fixed rule, shown live in the Rebalance section: the ten largest eligible memecoins on Solana by market cap, weighted by market cap with a 20% cap per coin, recomputed every Monday.
The program posts the new target units. Anyone can fill the difference by swapping the coin that is leaving for the coins that are entering, at NAV. Rebalancers earn the arbitrage, so the vault never needs a trusted operator.
No. Only the program can move vault funds, and only to a wallet that burns $MEMETEN in the same transaction or delivers the rebalance target. There is no admin withdraw instruction.
No. It replays the rules on past daily closes. Market caps in the past are estimated from today's supply, and real trading has fees and slippage.