SPY at two fees

2 Weaves as one token: SPY/USDG at 0.3%, SPY/USDG at 0.05%. Fixed shares of each, nobody rebalances it, nobody owns it. 0x78db…cb5c

A share holds

$1.00

2 Weaves, fixed shares

Worth

$2.02

2.0121 SPY2F in all

Yours

—

connect a wallet

Market

$1.00

SPY2F/USDG at what a share holds · $1.77 on the float

Pay with

ETH

Split by what a share holds of each Weave, bought along the site's own routes, then put in. A share holds $1.00.

Market

SPY2F/USDG sells at what a share holds: $1.00, a 0.30% spread. The float holds 0.2677 SPY2F and 1.5007 USDG, $1.77 in all. Trade it in any terminal that reads Uniswap v4 pools on Robinhood Chain.

Yours: connect a wallet
Balance: 15% shares by value · out of its band:

Add to the float

USDG

Half of it mints SPY2F through the basket, half stays as USDG: the float. Every trade pays the float the spread, a tenth of it to development. Take your part out at any time.

One share holds

SPY/USDG 0.3%: 0.5 SPYUSDGLP · $0.50 · 50%
SPY/USDG 0.05%: 0.5 SPYUSDGLP · $0.50 · 50%

Fixed shares of each Weave, set when the basket was made. The mix by value moves with the pools' prices, and each Weave keeps putting its fees back in.

How it works

A mint pulls every Weave's part, a redeem gives it back. No price is read inside, nothing is traded inside, nothing drifts from what it holds.
With ETH alone, the zap buys into every Weave along the pools the site names, then puts the shares in. What the basket cannot take comes back to you as Weave shares.
Nobody owns it, pauses it or upgrades it.