Do You Even Lift?

Introducing The 484 Fund [$ERROR]


We didn’t stop thinking about new products though, which brings us to our announcement of our most distinct offering yet: the 484 Fund.

Back in March, we spotted this Tweet:

For context, 0xb1.484 (‘484’) is one of the single largest wallets that regularly engages with DeFi protocols, operating with — at one point — upwards of half a billion US Dollars.

The resulting proposal is an ETF that tracks projects that 484 is particularly enthusiastic about on Twitter, utilizing a weighting strategy that’s unlike anything else we currently have available.

We’ve received proof that 484 has seen and approves of the terms put forward in the proposal. They appear to be happy with it:

We’re excited to launch this, and look forward to seeing how it performs!


The scoring contract for $ERROR works in roughly the same way as $DEGEN and $NFTP: we retrieve circulating market caps via a Chainlink oracle, but instead of then assigning weights relative to each other, we simply rank them and assign fixed weights.

For the various numbers of assets that can be included in a barbell strategy, we have settled on the following weightings:


484 confirmed VSP as the sixth asset, and stated a desire to replace ROOK with SUSHI. Since it is 484 themselves that will be minting the first US$500,000 worth of tokens for liquidity purposes, them doing so is effectively a signature confirming as such.

The initial members of $ERROR are:

1. [25%] SUSHI
Circulating market cap: US$2,047,209,145
2. [15%] ALPHA
Circulating market cap: US$361,020,892
3. [10%] BADGER
Circulating market cap: US$258,211,457
4. [10%] VSP
Circulating market cap: US$119,066,678
5. [15%] YAXIS
Circulating market cap: US$58,212,524
6. [25%] BDP
Circulating market cap: US$51,603,935

Market caps pulled from CoinGecko on the 27th of April 2021.

Liquidity Mining

After this time has elapsed, the Sigma committee will determine the amount of rewards to assign and the duration — bearing in mind that the release of our dynamic emissions proposal is imminent, and the LP pool can be folded into this program.

484 has offered to place the first US$500,000 worth of $ERROR tokens into a Uniswap liquidity pool, so the need to quickly incentivize liquidity isn’t as strong as it usually is.

Keep an eye out on Twitter and Discord for updates!

How To Get $ERROR

To buy into the $ERROR fund you have two options.

Buy $ERROR (< US$10,000)

The easiest option is to simply buy $ERROR on Uniswap or on the Indexed Finance site itself (our UI integrates Uniswap):

The less said about the current market price, the better. Bots are being bots.

Mint $ERROR (≥ US$10,000)

If you visit Indexed Finance, open up the $ERROR pool by clicking on it from the front page:

From there you can:

a) Click Mint, which allows you to create new $ERROR tokens by contributing the six component tokens in the weights suggested by the UI, or
b) Click Mint With Uniswap, which allows you to mint $ERROR with ETH:

In the latter case, our Uniswap router buys all of the necessary tokens on Uniswap and deposits them into the $ERROR pool for you. Bear in mind that this latter option can be quite gas intensive, and is subject to a 2% swap fee.





Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store