One token, the whole basket.
SILT is a treasury-backed index of the twenty largest memecoins on Robinhood Chain. A single token, $SILT, represents the basket: ranked by market capitalisation, capped at 5% per asset.
Trading fees are collected on a six-hour cycle. Each cycle, 80% is redeployed into the index and 20% buys back $SILT, which is burned. The majority of what the protocol earns strengthens the basket rather than the token that tracks it. Every allocation settles on-chain and is publicly verifiable.
Take the exposure without picking the coin.
Robinhood Chain was built for tokenised equities. Its dominant use became memecoin speculation. That is not a transitional phase — it is the character of the chain.
So the useful question is not how to avoid it, but how to take exposure to it without betting on one asset. SILT answers with a single, transparent position on the assets that already drive the chain.
Above, twenty of the most volatile assets on the market. Below, a floor that does not move. Silt is what settles and holds the bottom while everything above it churns.
Twenty names, five percent each at most.
- CompositionThe twenty largest memecoins on Robinhood Chain.
- RankingBy market capitalisation. Rank 1 is the largest.
- Cap5% per asset, so the index never becomes a proxy for the single biggest coin on the chain.
Twenty slots at a 5% ceiling total exactly 100%. Because the weights must sum to 100%, the cap binds on every slot: the index sits uniformly at its ceiling, and market capitalisation determines rank rather than weight.
This is not a modelling choice — it follows from the parameters. The index contract enforces it: any composition placing more than 5% on an asset, or totalling anything other than 100%, is rejected on-chain.
- Eligibility filters beyond the top twenty — minimum liquidity, minimum age, exclusion of stablecoins and wrapped assets.
- The market-capitalisation data source used to rank.
- Rebalancing frequency, and the hysteresis that stops an asset entering and leaving on every micro-move.
Every six hours, the fees are split.
- CycleSix hours, aligned to 00:00, 06:00, 12:00 and 18:00 UTC. Four settlements a day.
- 80%Redeployed into the index, bought at target weight.
- 20%Buys back $SILT, which is then burned.
The ratio and the cadence are constants in the contract. Neither can be changed after deployment, by anyone. A settlement can happen once per window per asset, and emits an event carrying the amount, the split and the window it belongs to.
The remainder of any rounding goes to the buyback, never to the index share — so the two parts always add back to the exact amount collected, and nothing is left stranded in the contract.
- Which fees exactly the protocol collects, and where it takes them.
Supply can only fall.
- Supply1,000,000,000 $SILT, 18 decimals, minted once at deployment.
- No mintThe contract has no mint function at all. Not restricted — absent.
- BuybackBought-back $SILT is burned. The burn is open to anyone: once tokens are delivered to the fee contract, any address can make the destruction final.
The protocol holds the basket in its own treasury. $SILT is not a redeemable claim on that treasury, and there is no subscription or redemption module. $SILT trades on the secondary market; the treasury and the buyback are what stand behind it.
- Initial distribution and vesting.
Nothing to take on trust.
- On-chainComposition, weights and every fee allocation settle on-chain and are publicly verifiable.
- Read-only interfaceThis site reads the chain. It holds no keys and cannot touch the treasury.
- No escape hatchThe fee contract has no arbitrary withdrawal path. Its only outflows are the fixed 80/20 settlement and the burn.
The owner can change the two destination addresses — the index treasury and the buyback executor. It cannot change the 80/20 ratio, the six-hour cadence, the 5% cap or the supply: those are constants.
Every address change emits an event, and this site reads both addresses live from the chain. Stated here rather than buried, because it is the part you have to watch.
What is locked, what is open.
Written, tested, not deployed.
Three contracts — the token, the index registry and the fee cycle — are written and under test. Nothing is deployed on-chain yet, so every live figure on this site reads — rather than a placeholder number.
Contract addresses appear on the transparency section the moment they exist, and this page is updated alongside them.