@INDXdepth

Some testing this morning for the next release: Settlement. Everything in the video is a real transaction, run against a full local copy of Robinhood Chain mainnet. The setup is a mainnet fork pinned to a recent block. Same contracts, same storage, same pools, same Engine state as live, running on our own machine. On a fork we can act as any address, so we act as our 2-of-3 Safe and send exactly the transactions it will send on launch day. Nothing touches the live chain, and the fork is thrown away at the end. Turning Settlement on turned out to be small, because most of it has been running since launch. The FeeDistributor is already deployed and already registered as the INDX share token's balance observer. Every mint, burn and transfer since day one has been reported to it, so it already knows every holder's balance history and there's nothing to migrate. What's left is two calls from the Safe: register the 11 payout assets (the 10 constituents plus USDG), and set the fee split on the ReserveController to 5000 bps. That's the first thing you see in the video, each call with its hash, block and gas. How the payout works: every constituent market is a Uniswap v4 pool with our hook on it, and part of the Reserve, the Depth Sleeve, sits in those pools as liquidity. When the keeper harvests a market's fees, the ReserveController books them into the Reserve and releases the holders' share to the distributor in the same call. The distributor credits whatever actually arrived. It measures its own balance rather than trusting the amount it was told, and banks it into the current 8-hour epoch. The part we care most about is how an epoch gets divided. Most epoch payouts split by balance at the closing instant, which hands a full epoch's earnings to capital that showed up a second before the close. Ours divides by share-seconds. A share held for the whole 8 hours earns the full weight; a share held for ten minutes earns ten minutes' worth. There's no snapshot to front-run, because there is no snapshot. To keep that cheap, the contract stores a running sum of each sealed epoch's rate. A holder who's been idle for a thousand epochs settles in one subtraction, not a thousand loop iterations. Sealing is permissionless and bounded to 200 epochs per call, so it can never outgrow the block gas limit and strand fees. Claims are pull-based, and they pay out in the tokens the fees were earned in. No swaps sit between the pool and the holder skimming spread off holder revenue. The test itself: a fresh epoch opens, and a $10,000 deposit lands one minute in, a single MintZap transaction buying all ten constituents. The keeper runs its normal Engine cycle (updateAllFees, then allocateDepthMany) and Depth goes into all nine pools, from about $1.81 to $336. Then a test trader round-trips swaps through each INDX pool. Every one of them goes PoolManager.unlock → beforeSwap sets the fee → swap → afterSwap emits Flow. Those swaps are what earn the fees Settlement will pay out. Part 2 is the rest of the epoch. The keeper harvests, and half goes to holders, half compounds into NAV. A second wallet deposits the same $10,000 ten minutes before the close, and the epoch seals. Then we read out exactly what each wallet is owed, and whether the ten-minute wallet gets ten minutes' worth. Same Uniswap v4 primitive, same contracts that are already live. Settlement goes on by a Safe transaction, and we'll announce it before it does. Contracts are verified and public: https://t.co/pIXXm8e3sO

Every INDX contract, what it does, and who controls it 🧾 INDX runs on Robinhood Chain through a set of contracts. Here’s the full stack, with links so everything can be verified. First, control 🔐 Governor: 2-of-3 Safe https://t.co/IG4fxw9BLE Every contract below is governed by this Safe. Any setting change requires 2 of 3 signers. 🛑 Guardian: pause only https://t.co/2E7Puw2itH Can pause in an emergency. Cannot unpause or change settings. Only the Safe can unpause. ✅ Across the stack: No proxies or upgrades All source verified Deployer wallet has no roles No admin withdrawal path Reserve assets leave through redemption or protocol fee routing The Reserve + token 🏦 IndexVault https://t.co/s1ziF4g1Jo Holds the Reserve and accounts for every unit as Core, Depth or fees. Depth is 5% today, hard-capped at 30%, with at least 10% remaining in Core. 🪙 IndexShare https://t.co/qBLvZVh89M The index share token. No owner. Only the Vault can mint or burn, and only against real backing. Supply cap: 50,000. 🚪 IndexRouter https://t.co/KXYdVmtaqX Handles deposits and withdrawals. Shares are minted against value that actually lands. In-kind withdrawals have no pause switch. ⚡ MintZap https://t.co/sXLAoAUxhU Turns USDG into the full basket in one transaction, and back again, with user-set minimum output. Pricing 📊 PriceRegistry https://t.co/qPLeSPcB1Z The pricing source for NAV. Unsafe or stale prices are rejected, not guessed. 🔗 ChainlinkPriceAdapter https://t.co/JClWLgyO5t Chainlink pricing, currently used for USDG/USD. 📈 UniV3TwapAdapter https://t.co/fdlDT1Wr7Z Time-weighted Uniswap v3 pricing so one trade cannot move NAV. ⏱️ V4TwapRecorder https://t.co/eTw46AXcRO Records price history for v4 pools. The index rules 📜 MethodologyRegistry https://t.co/RUr4ZakqvE Eligibility, 15% max weight and 30-day review cycle. 🗂️ AssetRegistry https://t.co/eIPYKpHm7A Defines which assets are permitted and their status. 📐 IndexBenchmark https://t.co/WtNJFVtEb3 Keeps benchmark performance separate from NAV. ⚖️ RebalanceManager + RebalanceExecutor https://t.co/yjYLS222FT https://t.co/JeeGZB251t Proposal → timelock → execution for basket changes. 📡 KeeperMetrics https://t.co/PbZ6vTUXiO Posts market cap, liquidity and volume for methodology checks. The Engine ⚙️ V4IndexEngine https://t.co/RTqqbTIgy8 The Uniswap v4 hook on every INDX pool. Sets each swap’s fee from basket state and records every trade as Flow. 🧠 EngineController https://t.co/VoCpLkm0gx Calculates market fees from each constituent’s weight versus its Band. 💧 ReserveController https://t.co/gkwtIFw8Zt Moves Depth between the Reserve and markets, harvests fees and unwinds Depth when redemptions need capital. Keeper actions remain inside Vault limits. 🏪 Market adapters ORBIO https://t.co/6QY2lo2YvX Index https://t.co/YkCDV9e0hU WALLET https://t.co/BWrqp4h2kx DELTA https://t.co/TGePwkWBtc musebook https://t.co/uHXkA3NDZx PRISM https://t.co/lgftBYAxOC STATICS https://t.co/B8zkUPoh82 HOOKR https://t.co/ppfNqqsNtZ PROLOGUE https://t.co/uMW94niMis Each adapter manages one INDX pool and refuses new Depth if pool price is >1% from oracle. 🔀 UniV2V3Venue https://t.co/4irfDae3q6 Approved trade routes used by the USDG deposit/withdraw path. Coming soon: Settlement 💰 FeeDistributor https://t.co/E8EknwOhls Already deployed and verified. Epochs close every 8 hours, with payouts weighted by holding time. Disabled for now; activation requires a Safe transaction and will be announced first. Everything is public: code, owners and limits. Don’t trust us. Read the contracts. 🌐 https://t.co/ACuNyu75UP