RUJI Index

RUJI Index is a decentralized asset protocol built on the Rujira, designed for issuing, redeeming, and rebalancing index products. Each index is managed by a smart contract vault that holds all collateral assets, ensuring it remains fully backed at every moment. Users can mint, redeem and trade RUJI Index tokens without requiring permission. Available indices can be found on the Index page.

Key Features

• Fully Decentralized, On-Chain Indices: RUJI Index products are non-custodial and operate entirely on-chain. With no central intermediary, all asset management and trading logic is governed by smart contracts.

• Tokenized Asset Baskets: Each index represents a bundled basket of assets. Minting an index token, generates a single receipt token that is composable and can be used in other DeFi protocols, simplifying liquidity and collateral management.

• 100% backed at all times: At all times, every index is backed by its full complement of underlying assets stored in the smart contract vault. This model unlocks a wide range of DeFi applications, as each index token consistently reflects the combined value of its underlying assets.

• No deposit & withdrawal lock up: The underlying assets are redeemable at all times (subject to orderbook liquidity), with no deposit or withdrawal lock up period. Additionally, each index has its own order book on RUJI Trade, where the token can be bought and sold without requiring minting or redeeming. This enables efficient arbitrage, helping ensure the index token consistently trades near the combined value of its underlying assets.

• Automated Rebalancing Engine: The smart contract continuously rebalances the index to maintain predefined target weights. Each rebalance accounts for price impact and slippage—selling assets that have exceeded their target allocation and buying those that have fallen below.

Benefits

• One-click diversification: Access a diversified portfolio with a single action. By minting index tokens you gain broad market coverage and simplify your portfolio management.

• Efficient rebalancing: Since the index automatically rebalances according to pre-set parameters, you don’t need to monitor the market 24/7. The protocol minimizes slippage and price impact by executing trades strategically, helping maintain target allocations over time.

• Permissionless minting & redemption: Anyone can mint or redeem index tokens at any time. This open access minimizes price discrepancies between the index token and its underlying assets.

• Cross-Chain Accessibility: Thanks to Thorchain’s architecture, you can access RUJI Index from any supported network. Whether you’re on Bitcoin, an EVM chain, a Cosmos chain or any other chain integrated with THORChain, the index protocol remains interoperable across all supported ecosystems.

Fees & Fee Sharing with THORChain Base Layer

• RUJI Index: There is no mint fee, only a redemption fee of 1.0% as well as management fee of 1.0% p.a., both accruing to Nami Protocol.

• Rujira & THORChain: RUJI Indexes are products built on top of Rujira's Orderbook DEX. Hence, every mint, redemption and rebalance is subject to the standard Orderbook DEX fee, accruing value to both RUJI stakers and THORChain Base Layer.