Listing an index

Anyone can add an index.

Step	What happens
1. Burn and propose	Burn 2,000,000 $FLOAT with a methodology file: universe rule, number of items, cap per item. Weighting is always 30-day volume share.
2. Shadow period	The keeper publishes the index for 14 days without trading.
3. Check	It passes if it was stale less than 5% of that time.
4. Opens	Trading opens with net exposure capped at 5% of the reserve.
5. Graduates	After 90 days the cap rises to the standard 20%.

The multisig matures a passing listing through its 48-hour timelock.

Delisting

A listed index that stays stale for 7 consecutive days is delisted. Open positions settle at the last good level, with no spread and no close fee.

The burn is final. It is not refunded if the index fails its shadow period or is delisted later.

Propose an index on the List an index page.