Create a basket
Pick a company to put it in the basket, then set the weights. Up to 8 components, and every one of them is a token already trading on Solana: public companies as xStocks, and pre-IPO companies as PreStocks, composed the same way.
Name the token
The share carries this name and symbol onchain. The target price only sets how much of each component stands behind one share.
Taken in shares, not out of the vault, so it can never eat into what a holder can redeem. The program caps it at 1.00%.
Sheaf takes 0.10% of shares created, fixed for this basket. So a share created costs 0.35% in fees all told.
Your basket
Nothing in it yet
Tap a company in the market to add it.
It creates the share mint, names it, hands its authority to the basket, and writes the recipe. Nothing is minted yet. A Solana transaction has a size limit, so the largest baskets ask for a second signature.