sheaf

QA judge QA3KRA

QA3KRA · created 2 hours ago by wNfb…jfa7

One share

—

— today

One QA3KRA share is a claim on 3 holdings sitting in a vault this program controls. Nobody can move them except by redeeming a share, and a share can always be redeemed.

  • MSTRStrategy33%
  • COINCoinbase33%
  • HOODRobinhood33%
Everything in the vault
—Components held against every outstanding share
Against the real shares
—Needs a listed price for every component
Dividends inside
—Share of the value that is dividends already paid onchain
Shares outstanding
—0 creations, 0 redemptions

No price for MSTR, COIN, HOOD, so the value of a share is left blank rather than computed from part of the basket.

Pay in dollars and let fillers compete to deliver the stocks. The vault still receives the real components; you never trust anyone's price.

Test dollars on devnet

Prediction market

Will QA judge QA3KRA (QA3KRA) beat SPY this week?

A basket has a value anyone can read from its vault, so a bet on it can be settled without trusting anyone's price. Sheaf writes the question and the rule. Panta runs the market on Solana, priced on a bonding curve and paid in USDC.

Powered by Panta
The number it resolves from, as JSON ↗A market for every basket →

The question

Will QA judge QA3KRA (QA3KRA) beat SPY this week?

Resolves YES if one QA3KRA share, valued from its vault at the close, rose more than SPY over the same week. The value is published as JSON at /api/nav/BreY…QTEA, which is the market's first source of truth.

Open it on Panta: quote, build, sign, register

  1. Quote the marketPOST /markets/create/quote/
  2. Build the transactionPOST /markets/create/build/
  3. Sign in your walletwallet.signTransaction, not sent
  4. Register it with PantaPOST /markets/register/
Markets, quotes and transactions by Panta. Question, rule and NAV by Sheaf.Powered by Panta

The recipe

These numbers were written once, when the basket was created, and cannot be changed. The weight on the right drifts as prices move; nothing rebalances it, because rebalancing would mean somebody deciding to trade your holdings.

HoldingPer shareValueWeight
MSTR
0.2162—33.3%
COIN
0.189916—33.3%
HOOD
0.306621—33.3%

Share mint 2uwCYp…Jm2i7U · vault owner BreYJv…1KQTEA · creator fee 0.25% of shares created

Is it actually backed?

Held is what the vault contains right now. Owed is what every outstanding share can claim. Deposits round up and redemptions round down, so held can only ever be at or above owed, and the difference is rounding dust that stays with the remaining holders.

Reading the vault…

Verify it yourself

Two kinds of read, both against the public RPC, no key. First, how many shares exist:

curl -s https://api.devnet.solana.com -X POST -H 'content-type: application/json' -d '{"jsonrpc":"2.0","id":1,"method":"getTokenSupply","params":["2uwCYpNwKsYhch6brjBS7BFREF4VWLKmAuY4ePJm2i7U"]}'

Then what each vault holds:

MSTR · vault CJsReC…d8B197 · recipe 21620007 raw units per share

curl -s https://api.devnet.solana.com -X POST -H 'content-type: application/json' -d '{"jsonrpc":"2.0","id":1,"method":"getTokenAccountBalance","params":["CJsReCnhph2j9zzsKyFqbqH5wxB3x22HZbar6yd8B197"]}'

COIN · vault DRzbhs…fshsfR · recipe 18991613 raw units per share

curl -s https://api.devnet.solana.com -X POST -H 'content-type: application/json' -d '{"jsonrpc":"2.0","id":1,"method":"getTokenAccountBalance","params":["DRzbhsjgm3bNLKXUY6AuoMqeffxJ4RsLAsUH1NfshsfR"]}'

HOOD · vault Cv4PSk…Aw7NXa · recipe 30662086 raw units per share

curl -s https://api.devnet.solana.com -X POST -H 'content-type: application/json' -d '{"jsonrpc":"2.0","id":1,"method":"getTokenAccountBalance","params":["Cv4PSk3ujUPtsNqqSJAa7gJJ2qwDmY14CxgX71Aw7NXa"]}'

For every vault, amount must be at least units per share × supply ÷ 1,000,000, both in raw units. If that holds, every share is backed. The program cannot make it false: deposits round up, redemptions round down, and no instruction moves anything out of a vault except a redemption.

Everything that has happened to it

Every creation, redemption, dollar order and plan run since the basket was made, decoded from the program’s own events. The full ledger across every basket is on one page.

Reading the transactions…

What it costs to build a share from dollars

Creating shares means handing the vault the components themselves, which is what lets the program refuse to trust a price. Somebody holding only dollars has to buy those components first, so here is what that costs right now, priced through the routes that actually exist on mainnet.

One component has no mainnet price, so there is nothing honest to quote.

Prices come from Solana mainnet, balances from the program itself. The arithmetic behind both is written out in full.

How it worksEvery basket