What can sit in a basket

Eligibility is a function, not a committee. Current parameters:

• Weights sum to 10,000 bps.
• Each pool at least $100,000 of liquidity.
• No line above 35%.
• Names under $500,000 liquidity cannot exceed 20% of the book.

On 2026-09-10 the median graduate pool on Pons was $175. That number is why the floor exists. You cannot assemble or unwind a book made of those prints.