Paragon P10 — Top 10 Crypto Index
A decentralized token fund tracking the Top 10 non-stable assets by free-float market cap, with capped weights, oracle guards and permissionless mint/redeem at NAV.
Institutional-Grade
On-Chain Index
P10 tracks the Top 10 non-stable crypto assets with capped free-float market-cap weighting, oracle safety, and permissionless mint/redeem at NAV. Built for institutions, powered by DeFi.
What is P10?
A next-generation Decentralized Token Fund (DTF) built with institutional-grade infrastructure
On-Chain Index Token
P10 tracks the Top 10 non-stable crypto assets using capped free-float market-cap weighting, ensuring balanced exposure without BTC/ETH dominance.
Permissionless Mint/Redeem
Mint and redeem P10 at Net Asset Value (NAV) anytime, with single-asset Zap mode or full basket-in/out for institutions and arbitrageurs.
Superior DeFi Mechanics
Advanced features including Flow best-execution, surplus rebates, oracle + TWAP safety, and future basket-backed or delta-neutral hedging.
Like a DTF, But Better
Why P10 is Superior
Advanced DeFi-native mechanics that go beyond traditional DTF models
Capped Free-Float Market-Cap
Prevents BTC/ETH from dominating. Fairer exposure to mid-large caps, avoiding dust allocations. Modern equity ETF structure.
Oracle + TWAP Safety
Chainlink + Pyth/Redstone oracles with freshness and deviation guards, TWAP cross-checks, circuit breakers, and snapshot lock windows.
Flow Best-Execution
Batch-auction routing across all DEXs for best price. Surplus is rebated to users, LPs, and stXPGN holders.
Dual Mint Modes
Single-asset Zap for regular users. Basket-in/out for arbitrageurs, pros, and institutional funds. Trade like a real ETF at scale.
Flexible Architecture
Fast experimentation on testnet, clean migration to fully basket-backed mainnet, or optional delta-neutral hedging.
Tight NAV Tracking
Permissionless arbitrage bands ensure P10 price tracks NAV tightly with capped weights, oracle guards, and multi-DEX routing.
How It Works
Simple for users, sophisticated under the hood
Select Your Entry
Choose single-asset Zap mode (easy) or basket-in mode (institutional). Enter with one asset or the full basket.
Smart Execution
Paragon Flow routes through all DEXs via batch-auction for best execution. Oracle + TWAP safety checks run automatically.
Mint at NAV
Receive P10 tokens at Net Asset Value (±fee). Any execution surplus is rebated to you, LPs, and stXPGN holders.
Hold & Track
Your P10 automatically tracks the Top 10 non-stable assets with capped free-float weighting. Smart exclusions and weight caps maintain balance.
Redemption Works the Same Way
Technical Architecture
Institutional-grade infrastructure built for DeFi
Oracle Infrastructure
- •Multi-oracle support: Chainlink, Pyth, Redstone
- •Freshness and deviation guards
- •TWAP cross-checks for additional safety
- •Circuit breakers and snapshot lock windows
Execution Layer
- •Paragon Flow batch-auction routing
- •Best price aggregation across all DEXs
- •Surplus rebates to users, LPs, and stXPGN
- •MEV-resistant design
Weighting Methodology
- •Top 10 non-stable crypto assets
- •Capped free-float market-cap ranking
- •Smart exclusions for stablecoins and wrapped assets
- •Weight caps to prevent dominance
Security & Arbitrage
- •Permissionless arbitrage bands
- •Tight NAV tracking mechanisms
- •Multi-mode security: basket-in/out, zap mode
- •Future: delta-neutral hedging support
Development Roadmap
- • Synthetic tracking with oracle infrastructure
- • Single-asset Zap mode
- • Flow best-execution testing
- • Smart rebalancing logic
- • Full basket-backed implementation
- • Basket-in/out mode for institutions
- • Delta-neutral hedging options
- • Advanced arbitrage mechanics