Every CREEL fund follows a written rule. When the rule changes, the basket doesn’t get traded. It gets republished, and arbitrage does the rest.
How it worksSorted by absolute basis
| Ticker | Name | Mandate | NAV | Price | Basis |
|---|---|---|---|---|---|
| CREEL0 | Recent graduates | Holds the 10 largest Pons graduates from the last 7 days, equal weight, rebalanced weekly. | NAV1.0412 | Price1.0415 | +3 bp |
| CRLEW | Broad equal weight | Holds every whitelisted asset that clears a 2 ETH liquidity floor, equal weight, rebalanced daily. | NAV0.9871 | Price0.9879 | +8 bp |
| CRL10 | Volume ten | Holds the 10 whitelisted assets with the highest rolling 24h volume, capped at 20% each, rebalanced daily. | NAV1.2065 | Price1.2052 | −11 bp |
| MAJ8External | Chain majors indexSource: Blockscout | Static list of 8 large caps, weights set by hand at launch. | NAV2.4402 | Price2.4485 | +34 bp |
| LNCHExternal | Launchpad basketSource: Blockscout | Static list of 12 recent launches, reviewed by the operator. | NAV0.4188 | Price0.4164 | −58 bp |
| RWAXExternal | Tokenized equity sleeveSource: Blockscout | Static list of 5 tokenized equities, weights fixed at launch. | NAV3.9016 | Price3.9293 | +71 bp |
| YLDBExternal | Yield bearing basketSource: Blockscout | Static list of 6 yield bearing assets, rebalanced by the operator. | NAV1.1502 | Price1.1611 | +95 bp |
| MCROExternal | Micro cap twentySource: Blockscout | Static list of 20 micro caps, weights fixed at launch. | NAV0.1904 | Price0.1877 | −142 bp |
| COMMExternal | Community basketSource: Blockscout | Static list of 10 community tokens, weights set by hand. | NAV0.0642 | Price0.0630 | −180 bp |
6 rows are funds we do not operate. NAV for those is computed independently by us from published holdings, so it can differ from the operator’s own figure. CREEL is not affiliated with those funds or their operators.
Zero. Market orders a CREEL fund can place. There is no code path that opens one, on a rebalance or on any other day.
The creator does not pick the holdings. They write the mandate, in one sentence: top ten by volume, everything that graduated in the last seven days, equal weight, weekly. A keeper proposes the basket that satisfies it, and the contract checks that proposal against the mandate before it can execute. A proposal that fails returns the code of the constraint it broke.
Anyone can hand the contract the exact basket and create shares, or burn shares and take a basket out. Creations settle against the target basket, redemptions settle pro rata against what the fund actually holds. When the share price drifts from NAV, closing that gap is profitable, so it gets closed.
A rebalance publishes a new target. It does not execute one. The old basket and the new target diverge, that divergence shows up as a basis, and create and redeem walk the portfolio across. No slippage, no market orders from a fund contract, nothing for anyone to trade ahead of.