Welcome to GNDX Protocol
GNDX Protocol is the first fully decentralised, on-chain index fund for the Web3 gaming sector, built on Arbitrum One.
Deposit USDC, receive $GNDX — a single token that tracks a diversified basket of Web3 gaming tokens across three risk tiers. The genesis basket launches with 9 tokens and expands via governance vote as the sector grows on Arbitrum. No complex strategies, no picking individual tokens.
Two Tokens, Two Purposes
| Token | Purpose | Supply |
|---|---|---|
| $GNDX | Index product token — tracks NAV of the basket | Elastic (minted/burned on deposit/redemption) |
| $GAME | Governance token — controls protocol parameters | Fixed at 200,000,000 forever |
The relationship: $GNDX is like owning an ETF. $GAME is like owning equity in the company that runs the ETF.
Why GNDX Exists
Web3 gaming tokens represent an approximately $7 billion investable universe today, with the broader Web3 gaming sector projected to reach $183 billion by 2034 (19.2% CAGR). Yet over 90% of individual GameFi tokens fail to sustain value through a full market cycle.
GNDX solves this by giving investors sector exposure without the risk of individual token selection. If you believe the Web3 gaming sector grows, GNDX lets you express that view without betting on a single game.
How to Navigate These Docs
| Section | For you if... |
|---|---|
| The Index | You want to understand how the basket is constructed and managed |
| Tokens | You want to understand $GNDX and $GAME token economics |
| Protocol Architecture | You are a developer or auditor reviewing the smart contracts |
| Governance | You are a $GAME holder participating in protocol decisions |
| Using GNDX | You want to deposit, redeem, or stake |
| Risk Factors | You want to understand the risks before participating |
Quick Facts
- Chain: Arbitrum One (chainId 42161)
- Basket size: 9 tokens at genesis, expanding via governance vote
- Single-token weight cap: 10% (hardcoded in smart contract — cannot be overridden by governance)
- Streaming fee: 0.75% annually (governance-adjustable between 0.25% and 1.50%)
- Mint fee: 0.10% | Redeem fee: 0.20%
- Oracle: Chainlink price feeds with 20-minute TWAP sampling window (manipulation-resistant)
- Legal entity: GNDX Protocol (pre-launch — formal entity to be incorporated after the audit and fundraising phase)
Head to How It Works for a full walkthrough of the index methodology, or jump straight to Minting $GNDX if you want to get started immediately.