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Stability And Chaos

STBL and CHAO are the first PMF products. They represent opposite sides of the same Stability Index thesis while operating as independent products with their own vaults, infrastructure, and positions.

Stability​

Stability tracks the canonical Stability Index thesis. The Stability Index is a liquidity-weighted basket of markets that track geopolitical stability themes, including wars, embargoes, and pandemics. The STBL fund attempts to follow that index while minimizing tracking error.

Chaos​

Chaos is the inverse side of Stability. It takes the opposite YES/NO side for each position in the index. The CHAO fund offers direct inverse exposure to the same thesis.

Independent Products​

  • Each PMF has its own vault and operating infrastructure, including basket oracle, AP signer, NAV reporter, intent committer, and solver address.
  • NAV per share is the primary accounting price metric for comparing product state.
  • Capacity, quote availability, and solver readiness are product specific.