Baskt.Fun

This content is generated by RD AI and is for reference only

Baskt.Fun is a Solana-based decentralized index protocol that allows users to hold multiple crypto assets through a single token, tracking specific market themes such as AI, DeSci, or Meme. Users avoid manually managing multiple positions, as smart contracts automatically construct and rebalance index baskets. The protocol supports creating custom indices, adding assets, opening long or short positions, and uses oracles (e.g., Chainlink/Pyth) for price feeds. Core mechanisms include dynamic funding rates, liquidation logic, and an LP liquidity pool where LPs deposit USDC to earn yields and calculate PnL based on their share of the pool.