Creating indexes burns it.
$ENT is the protocol license: preminted once, burned forever in exchange for the permanent right to compose baskets. It is not a governance token, not a fee token — it is keys to the factory.
Frozen or managed.
A recipe set once, forever
The immutable option. Components and weights are compiled into the basket account at creation; the only way the recipe changes is a brand-new basket. Fees route 60% to you, the creator.
Compose frozenA recipe that rotates inside hard bounds
You become the curator: after a 7-day cooldown you may rotate the recipe, settling shortfalls and surpluses at oracle prices — and the NAV may never drop more than 0.5% in one rotation.
Compose managedCompiled into the program.
The split is compiled into the program, not a parameter. Curators are paid for running good indexes; the treasury funds the protocol — neither can be renegotiated on-chain.
The faucet drips 50k $ENT, 100k USD and every listed asset, once per address per 24 hours.