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Index: methodology

Index value —

Index value

—

Pool NAV

—

Card sleeve

—

Constituents

10

Composition

Fixed weights. The basket does not rebalance on its own.

ConstituentReferenceGradeWeight
Latias & Latios GX2019 · Pokémon108539939PSA MINT 914.12%
Special Delivery Pikachu-Holo2020 · Pokémon53693473PSA GEM-MT 1011.08%
Charizard G LV.X-Holo 1st Edition2009 · Pokémon49180656PSA GEM-MT 1010.55%
Team Magma's Groudon EX 1st Edition2015 · Pokémon96104199PSA GEM-MT 1010.16%
Mega Gengar ex SIR2026 · Pokémon0020261244BGS 109.63%
Magikarp2023 · Pokémon92644558PSA GEM-MT 109.24%
Monkey D. Luffy2025 · One Piece143500001PSA GEM-MT 108.31%
Monkey.D.Luffy P/(Premium Card Collection -ONE PIECE DAY '25-)2025 · One Piece0019723861BGS 106.60%
Ultra Instinct Son Goku, State of the Gods2023 · Trading cards87570295PSA GEM-MT 1011.08%
Irelia - Fervent2026 · Trading cards169593358PSA GEM-MT 109.23%

Capacity

The lower ceiling is the real one.

Solvency ceiling—
Depth ceiling—
Binding—
Open interest—
Utilisation—

Reading the capacity limits.

Methodology

Selection

Constituents are professionally graded, tokenized and held under custody. A card enters by whitelist and keeps a fixed weight. A fixed basket is a security decision rather than a simplification — a basket whose membership can move is a basket an attacker can move into.

Pricing

The index price is a time-weighted average of an on-chain pool of card fractions, clamped so it cannot travel more than five per cent between readings. External sale data is a sanity bound, never the price itself. If that feed goes quiet the market loses one defence and keeps running.

Capacity

Open interest is limited by two independent ceilings and the lower one always governs. One is the pool’s liquid reserve, so a winning position is paid from assets that can actually be paid out. The other is the depth of the pricing pool, so that moving the price far enough to force liquidations costs more than it pays.