/manual·signetum.xyz/docs·STATUS: TESTNET MVP · UNAUDITED

Every rule, every number, every bound.

The manual is the system's record: what the program may do and which parameters bound it. The five facts first, then the numbers, then the answers.

01Deployment 02Primer 03Numbers 04FAQ 05Session plan

01 · CORE PROGRAM

1 NON-UPGRADEABLE

Anchor BPF program · Protocol, Feed, Pool, FeeVault, Basket PDAs + SPL share mints

02 · MOCK FEEDS

12 300 S BEAT

BTC ETH SOL NVDA TSLA AAPL MSFT AMZN GOOGL META SPY QQQ

03 · DEPLOYED

09·23 2026

Solana Devnet · unaudited testnet MVP

04 · ADMIN KEYS OVER FUNDS

governance can only narrow parameters within hard caps

Deployment

solana devnet · 2026-09-23

Network: Solana Devnet · Anchor program · gas in native SOL · deposits in wrapped SOL
Program: one core program — the governance singleton, oracle feeds, fee vault, backstop pool and basket vaults are PDA account families inside it · non-upgradeable over funds
Accounts: 12 mock feeds · 8 demo baskets · backstop pool & fee vault · one SPL share mint per basket
Admin keys over funds: none — the deployer holds no withdraw authority; governance can only narrow parameters within hard caps
On-chain identifiers: not published on this site — this build carries no deployment addresses

deployed 2026-09-23 · non-upgradeable Anchor program · unaudited testnet MVP · treat every number as a demonstration

Primer

five facts · read this, then the sources

What it is: A protocol for issuing tokenized index baskets on Solana: a weighted, leveraged set of synthetic exposures (stocks, ETFs, crypto) packaged into one SPL token. Mint the share, run the strategy.
One program: A single non-upgradeable Anchor program: the governance singleton, oracle feeds, fee vault, backstop pool and basket vaults are PDA account families inside it. No owner withdraw keys anywhere — governance can only narrow parameters within hard caps.
Four states: A basket moves Seeded → Active → Frozen → Settled. Transitions are deterministic health() outcomes, never an operator's judgment call. A frozen basket redeems at NAV and nothing else.
Leverage, synthetically: Exposure comes from a counterparty pool, not borrowed assets. Actual leverage is measured from NAV and margin; a 0.25× drift triggers permissionless rebalances, 3.25× triggers emergency deleverage — anyone may call either for a bounty.
Native-asset collateral: The chain's gas token is native SOL; Signetum wraps it as canonical wSOL — the protocol's unit of account. Entry/exit 10 bps each, management 1%/yr, performance 10% over high-water — declared at minting, only ever reducible.

Numbers

a worked example · not a forecast

Ten wrapped SOL walk the full path — deposit, entry fee, shares struck at NAV, target exposure. Every number below is a declared parameter, not a projection; nothing depends on an operator behaving well.

01 · DEPOSIT

10.0000WSOL — wrapped native SOL

02 · ENTRY FEE

10 bps0.0010 WSOL → FeeVault

03 · MINTED

9.9990shares struck at NAV 1.0000

04 · TARGET EXPOSURE

2.00×on a BTC·ETH-style basket

Entry10 bps

Exit10 bps

Management1% / yr

Performance10% over HWM

fees accrue per second, performance by the dilution method over a high-water mark · each bound hard-capped on-chain (≤ 50 / ≤ 50 / ≤ 2% / ≤ 20%)

Specification

every bound · one sheet

Parameter	Default	Bound
Weight constraint	Σ\|wᵢ\| = 100%	single leg ≤ 50% · long-only in Phase 1
Legs per basket	2 – 5	hard cap 8
Target leverage	1.0× – 3.0×	creation refused above 3.0×
Rebalance trigger	\|L_actual − L_target\| ≥ 0.25×	permissionless · keeper-bountied
Emergency deleverage	L_actual ≥ 3.25×	anyone may call
Soft liquidation	NAV ≤ 15% of entry	—
Entry / exit fee	10 bps / 10 bps	each ≤ 50 bps
Management fee	1% / year	≤ 2% · accrues per second
Performance fee	10% over high-water mark	≤ 20% · dilution method
Oracle heartbeat	300 s (testnet)	any stale leg → protocol halt
Deposit asset	WSOL — wrapped native SOL	9 decimals · protocol unit of account
Gas token	SOL (native)	devnet fees ~0.000005 SOL/tx

FAQ

six questions · straight answers

Q·01What exactly do I hold?

An ordinary SPL token — the share token of one basket vault. Minting strikes it at NAV, redeeming burns it at NAV, and in between it is transferable, listable and composable like any token. The weighted, leveraged strategy is the token; there is no separate claim to sign.

Q·02Where does the leverage come from?

From the counterparty pool, not from borrowed assets. Exposure is synthetic: the pool underwrites it against margin, and actual leverage is measured from NAV and margin on every health check. A 0.25× drift from target triggers a permissionless rebalance; 3.25× triggers emergency deleverage — anyone may call either, for a bounty.

Q·03What if an oracle goes stale?

Every feed must beat a 300-second heartbeat (testnet value). The moment any leg goes stale, the whole system halts — mints, redeems and rebalances included — until freshness returns. Failure is designed to be loud and total, never partial or quiet.

Q·04Can the terms change after I mint?

Weights, bands and exit terms are declared at minting and immutable afterwards. Governance can only narrow parameters within hard caps — it can never widen fees, raise leverage past the ceiling, or touch your redemption at NAV.

Q·05What does it cost?

Entry 10 bps, exit 10 bps, management 1% per year accruing per second, performance 10% over a high-water mark by dilution. Each is bounded on-chain — 50 / 50 / 200 / 200 bps-equivalent ceilings — and the schedule is identical for every basket.

Q·06Is this audited? Is there a mainnet?

No and no. Signetum today is an experimental, unaudited testnet MVP on Solana Devnet with mock price feeds. Treat every number on this site as a demonstration; leveraged baskets can lose all deposited capital, and nothing here is investment advice.

Session plan

three phases · v0.3

2026-09-23 05:02:31 UTCLIVE

Phase 01 — Testnet MVP

One non-upgradeable Anchor program on Solana Devnet, eight demo baskets, twelve mock feeds on a 300 s heartbeat, permissionless rebalances with bounties.

QUEUEDNEXT

Phase 02 — Deeper strikes

Short weights, liquidation incentives, fuzz and simulation reports published with the manual, Chainlink stock and ETF feeds mapped to the registry.

REVIEWGATE

Phase 03 — Mainnet evaluation

Compliance assessment, audited contracts, position limits ramp, and the $SIGN utility evaluated against the checklist before anything ships.

Signetum is experimental software on a public testnet. Contracts are unaudited. Leveraged baskets can lose all deposited capital. Nothing here is investment advice.