Overview
About
## What is Basket
Basket won the [JustSparkIdeas](https://x.com/JustSparkIdeas) hackathon, where the community awarded me a $3,000 investment through a decision market. This raise is the next step: taking that validation on-chain and shipping Basket to Solana.
Basket turns a whole thematic portfolio into a single SPL token. Instead of buying and managing 7 tokens by hand, you mint one share and hold the entire basket: AI compute, DePIN, LSTs, bluechips, RWAs, and more. Redemption is atomic, so you burn the share and get the underlying components back anytime.
I built two curation models. Fixed-weight baskets let curators pin value targets, and the chain restores them on drift within tolerance bands, giving set-and-forget exposure. Dynamic-weight baskets let curators pin units while weights float with the market, so there is no rebalancing and you get pure market-cap tracking.
## Why it matters
Index products are the default on-ramp in every mature market. On Solana, retail still hand-assembles narrative baskets one swap at a time, which is slow, expensive, and impossible to rebalance cleanly. I built Basket to make thematic exposure a one-click primitive, with transparent on-chain composition and curator-set strategies.
## Market & Differentiation
The market is Solana users who want narrative or thematic exposure without managing a dozen positions, the same demand that made ETFs and DeFi index tokens dominant elsewhere. My edge is a native SPL wrapper that composes everywhere Solana tokens go, atomic mint and redeem, and a dual fixed and dynamic weighting engine that most index products do not offer. My go-to-market runs on curated flagship baskets per narrative at a low average fee, distributed through the Spark ecosystem and partner curators.
## Use of Funds
Lean by design. The raise funds a $1,000 per month operating allowance covering my salary and the tooling and infrastructure I need to run the baskets: AI tools, RPC and hosting, and the services required to keep them live on-chain. My goal is a long runway on a small, disciplined budget, enough to ship and grow without overcommitting backer capital.
## Roadmap & Milestones
I will ship the product within one month. That means a public release of Basket on Solana mainnet with mint and redeem live and the first curated flagship baskets available. After launch, I shift focus entirely to growing TVL through distribution: onboarding curators, expanding the basket catalog per narrative.
Platform information
Read-onlyDeal Terms
Eligibility and authoritative fundraise terms come from MetaDAO's lifecycle record.
Transparency
Health
Decisions
Draft
Updates the DAO parameters to set proposal duration to 24 hours and TWAP start delay to 8 hours
Updates the DAO parameters to set proposal duration to 24 hours and TWAP start delay to 8 hours