Manual

Docs

Start with the mint that fails. Then read how NAV is shown, and why it is not an input.

• How OPEN works

  A share is a claim on a basket. Creation and redemption move the basket, not a dollar print.

• In-kind issue and redeem

  Why the protocol never mints against an oracle price, and what that does to the market.

• What can sit in a basket

  Liquidity floors, weight caps, and the thin-pool budget. Automatic, not a guest list.

• Rebalance without a gift to the sandwich

  Batch and TWAP, with a slippage bound the curator cannot waive.

• Worked example: mint 1 SEVN

  Every unit, every transfer, and the mint that is refused if a line is missing.

• The $OPEN token

  Curator stake, slash, fee share, and visibility. Not a TVL reward.

• Robinhood Chain

  RPC, explorer, and why this product lives here.

• Glossary

  NAV, units per share, bps, premium, and the words we refuse to use.