Frontier Labs
FRNTR · laid 7 days ago by 7md5…VJb4
One share
—
— today
One FRNTR share is a claim on 4 holdings sitting in a vault this program controls. Nobody can move them except by redeeming a share, and a share can always be redeemed.
- Everything in the vault
- —Components held against every outstanding share
- Against the real shares
- —Pre-IPO components have no listed share to compare
- Dividends inside
- —Share of the value that is dividends already paid on chain
- Shares outstanding
- —2 creations, 1 redemption
No price for ANTHROPIC, OPENAI, SPACEX, ANDURIL, so the value of a share is left blank rather than computed from part of the basket.
You hold 0 FRNTR
You hand the vault
- ANTHROPIC+fee0.172048
- OPENAI+fee0.092738
- SPACEX+fee0.162628
- ANDURIL+fee0.478787
You receive 0.9925 FRNTR. The creator receives 0.0075, which is 0.75% of the shares created. The fee never comes out of the vault, so backing per share is unchanged.
In kind, so no price is quoted and no oracle is trusted. Amounts round up in the vault's favour.
Meteora DBC
This basket has an early-access market
FRNTRA trades against SOL on a Dynamic Bonding Curve pool, opened by Tessera and sized off this basket’s own NAV — the curve’s opening and migration market caps are set at a multiple of FRNTR’s stated value in SOL, not a round number picked out of the air. It is a separate token, not a redemption right into FRNTR: buying it is a bet on the basket without first assembling every component.
Pool DAZdm2…GikqFUConfig DqxXAW…eYD5nuFRNTRA mint 4A1rSr…oJsULV
The recipe
These numbers were written once, when the basket was laid, and cannot be changed. The weight on the right drifts as prices move; nothing rebalances it, because rebalancing would mean somebody deciding to trade your holdings.
| Holding | Per share | Price | Value | Weight |
|---|---|---|---|---|
ANTHROPICPreStocks | 0.171188 | — | 35.0% | |
OPENAIPreStocks | 0.092274 | — | 30.0% | |
SPACEXPreStocks | 0.161815 | — | 20.0% | |
ANDURILPreStocks | 0.476393 | — | 15.0% |
Share mint C9CZqe…cN7XkM · vault owner 5Z8XUz…uSPr1p · creator fee 0.75% of shares created
Is it actually backed?
Held is what the vault contains right now. Owed is what every outstanding share can claim. Deposits round up and redemptions round down, so held can only ever be at or above owed, and the difference is rounding dust that stays with the remaining holders.
Reading the vault…
The last mile
Creating shares means handing the vault the components themselves, which is what lets the program refuse to trust a price. Somebody holding only dollars has to buy those components first, so here is what that costs right now, priced through the routes that actually exist on mainnet.
One component has no mainnet price, so there is nothing honest to quote.
Prices come from Solana mainnet, balances from the program itself. The arithmetic behind both is written out in full.