Issuance & Collateral Mechanics
1. Token Creation
ETFs are minted via Lore’s mint & redeem smart contracts.
Currently on Solana, but easily deployable across chains (e.g., BNB).
Underlying assets can include xStocks, crypto tokens, and DeFi yield vaults.
Tokens are freely transferable cross-chain.
2. Collateralization & Custody
Each ETF has its own dedicated onchain custody address, fully transparent and verifiable.
Custody is managed through Lore MPC, with additional support from leading providers like Copper and Anchorage.
These addresses are fund-level only—members don’t have direct access—ensuring security and accurate tracking.
3. Rebalancing
Lore manages rebalancing to keep ETFs aligned with their strategy.
This includes adjusting holdings and optimizing yield when needed.
4. NAV Publishing
The Net Asset Value (NAV) of each ETF is published in real time.
Safeguards are in place to detect and prevent pricing errors.
Security
Security is a top priority.
All ETFs use noncustodial MPC wallets with multiple key shares for redundancy.
Transparent custody addresses allow anyone to verify holdings directly on-chain.