banda.
← Back to BandaBANDA / PRODUCT NOTES

A portfolio with its own account.

What you own

A basket is an ERC-721 NFT with its own ERC-6551 account. The account holds ERC-4626 strategy shares. Transferring basket ownership transfers the whole portfolio without selling each holding.

The initial collection

Core combines wrapped Bitcoin, Ether, tokenized gold, Aave USDC and Lido staked Ether. Frontier focuses on ARB, GMX and PENDLE with an Aave USDC buffer. Tokenized stocks, additional strategies, direct LP holdings and third-party lending are future capabilities.

Valuation and redemption

NAV is the sum of strategy shares multiplied by each vault’s asset conversion rate, plus direct holdings at eligible oracle prices, expressed in USDC. The product design computes NAV at the transaction block. Stale price feeds pause affected mint and redeem operations, while in-kind redemption returns the holdings directly.

Management and risks

Basket accounts are restricted: only the Manager can move holdings through defined actions. Basket ownership does not permit arbitrary account calls. The operator model remains a pre-launch decision. Smart contracts, oracles, underlying protocols and market liquidity introduce risks; diversification does not guarantee returns.

Proposed fees

Management is 1% annually. Frontier also has a 10% performance fee above its high-water mark. Mint and redeem fees are 0% for the initial release. These are planning figures subject to the pre-launch decision.

About this demonstration

Portfolio values, yields and block numbers are examples. The wallet is a local simulation; no transaction is sent. Historical comparisons use daily market prices from June to September 2025 with hypothetical allocations. Open Methodology in the Historical tab for assumptions, excluded costs, price proxies and downloadable source data.