Index and pricing risk
Thin liquidity, unreliable prices, and overlapping constituents can affect an index. A basket may still be concentrated in assets that move together.
Documentation
Trading risk
Index positions are exposed to the price movement of their underlying markets. Leverage magnifies the effect of a move in either direction.
Settlement and treasury risk
Paper orders require a fresh index mark. Opening an order also requires a fresh SOL/USD reference and enough unreserved virtual treasury capacity. The limit is 10 virtual SOL per position and 10 open positions per wallet.
Reserve holdings
INDEX plans to acquire some of the assets its indexes track. Treasury reporting will identify which assets are held and when the holdings were measured.