index is quietly shipping its own launchpad not a treasury and not an add on. a full launchpad where the stock basket lives inside the coin itself. what it is: you pick your stocks and their weights when you create the token. every trade after that buys them and sends them straight to holders. no treasury to point fees at no partner pad in the middle. three models: • stocks paid out to holders • tax routed to an address you name • or just a plain token the hook is the interesting bit: they wrote their own @Uniswap v4 hook that switches off uniswap's pricing entirely and runs trades against their own curve instead. the pool exists from the very first block but holds nothing. the whole supply sits parked inside the pool manager until the coin graduates. and nobody except the hook can ever add liquidity to it. the liquidity is owned by the protocol, not rented from lps. most pads on this chain just take a fee on top of uniswap. this one replaces the engine. the fees on the dividend version: • 1% protocol, split half creator half treasury • 0.5% permanently deepening the locked pool • 1-3% dividends, creator picks the based part: the anti snipe tax doesn't go to the creator and doesn't go to holders. it goes straight into locked liquidity. snipers end up funding the depth they were farming. the rewards: one coin can pay a whole basket of different stocks at once. anyone can trigger a payout and gets tipped for doing it. if an issuer pauses a stock that leg gets skipped and the rest still pay. how i know whose it is: not doxxing my methods here so trust me bro. all i'll say is this isn't vibes, it's sitting inside @TheIndexFi own infrastructure. the version i found was already finished back in late july. so right now it's either under audit with @SBSecurity_ who announced they're starting on index's onchain stock baskets or it's delayed for some other reason. nothing here is confirmed and it can all still get reshuffled obviously. but what i dug up puts the odds very high that this is their build. why it matters for $INDEX: holders get paid from the 3% trade fee, rwa[.]wtf and indices treasuries. a native pad makes it four. and unlike the rest this one compounds, every coin launched on it turns into a permanent stream feeding the same holders. they stop renting flow from other pads and start owning the source of it. that's a different protocol than the one they're running today.