Whitepaper

Abstract

FUNDOOR ($DOOR) is a decentralized index protocol built exclusively for the Fundry ecosystem on Solana. It enables participants to gain diversified exposure to top-performing Fundry token launches through a single, community-governed token. By aggregating holdings across multiple vetted projects, FUNDOOR reduces individual project risk while capturing broad ecosystem growth.

1. Introduction

The emergence of token launchpads has democratized access to early-stage crypto projects. Fundry, built on Solana with Meteora's Dynamic Bonding Curves, represents a new generation of launch platforms offering transparent, configurable token creation with built-in staking and vesting mechanisms.

However, the proliferation of launches creates a paradox of choice. Participants must constantly monitor, research, and evaluate new projects—a time-intensive process that favors full-time traders over casual participants.

FUNDOOR addresses this by creating the first index protocol native to the Fundry ecosystem.

2. Problem Statement

2.1 Information Asymmetry

New token launches occur daily. Evaluating each requires analysis of team background, tokenomics, community engagement, technical implementation, and market timing. Most participants lack the time or expertise for thorough due diligence.

2.2 Concentration Risk

Allocating capital to individual tokens exposes holders to project-specific failures, team abandonment, market manipulation, and liquidity crises. A single poor decision can result in total loss.

2.3 Missed Opportunities

While researching one project, participants miss others. The opportunity cost of selective attention is unmeasurable but significant.

2.4 Active Management Burden

Successful portfolio management requires continuous monitoring, timely rebalancing, emotional discipline, and technical knowledge. This burden excludes passive investors from ecosystem participation.

3. Solution

3.1 Index Protocol Design

FUNDOOR creates a managed basket of Fundry ecosystem tokens, accessible through a single token: $DOOR.

4. Protocol Architecture

4.1 Components

• $DOOR Token: The index token representing ownership of the treasury.
• Treasury Wallet: Multi-signature controlled wallet holding all portfolio assets.
• Staking Pool: Fundry's liquid staking system with TWAB-based rewards.
• Governance System: On-chain proposal submission and TWAB-weighted voting.

4.2 Treasury Wallet

The treasury wallet is publicly auditable, holds all portfolio assets, and executes governance-approved transactions only.

4.3 Staking System

FUNDOOR uses Fundry's liquid staking infrastructure:

• wDOOR: When you stake, you receive wDOOR (wrapped DOOR) at 1:1 ratio as a liquid receipt token
• TWAB: Time-Weighted Average Balance tracks your stake amount x time for fair reward distribution
• Reward Periods: Weekly periods where rewards are deposited and distributed via Merkle proof
• Cooldown: 7-day cooldown period when unstaking (no fees, just time)

5. Staking System

FUNDOOR leverages Fundry's built-in liquid staking infrastructure, which uses Time-Weighted Average Balance (TWAB) for fair reward distribution.

5.1 How Staking Works

1. Stake $DOOR: Deposit tokens and receive wDOOR (wrapped DOOR) at 1:1 ratio
2. TWAB Accumulates: Your balance x time is tracked continuously
3. Earn Rewards: At the end of each weekly period, claim your share via Merkle proof
4. Unstake: Return wDOOR, wait 7-day cooldown, claim original $DOOR

5.2 wDOOR (Wrapped DOOR)

When you stake, you receive wDOOR as a liquid receipt token:

• 1:1 backed by $DOOR in staking vault
• Fully transferable - can send or use in DeFi
• Built on Token-2022 standard
• Return wDOOR to unstake (after cooldown)

5.3 TWAB (Time-Weighted Average Balance)

TWAB ensures fair distribution based on both amount AND duration:

Example: In a 7-day period with 100 SOL rewards:

• Alice stakes 1,000 $DOOR for 7 days = 7,000 TWAB = 63.6 SOL
• Bob stakes 2,000 $DOOR for 2 days = 4,000 TWAB = 36.4 SOL

Alice earns more despite staking less, because she staked earlier.

5.4 Cooldown Period

When unstaking, there is a 7-day cooldown period:

• wDOOR is burned immediately
• $DOOR enters cooldown vault
• TWAB stops accumulating for that amount
• After 7 days, claim original $DOOR

There are no fees for staking or unstaking - only Solana gas.

5.5 Reward Periods

Rewards are distributed through weekly periods:

1. Protocol deposits rewards (SOL/tokens) into a new period
2. Period runs for 7 days
3. At period end, Merkle tree is generated
4. Users claim their share using Merkle proof

A 2.5% fee is taken at deposit time (paid by protocol, not stakers).

6. Governance

5.1 Governance Scope

Token holders vote on portfolio additions/removals, allocation weights, cooldown parameters, reward frequency, treasury spending, and protocol upgrades.

5.2 Participation Tiers

5.3 TWAB-Weighted Voting

Voting power is determined by TWAB, not raw stake amount. This prevents last-minute vote manipulation:

Voting Power = Your TWAB / Total TWAB

Long-term stakers have more influence than recent stakers with the same amount.

5.4 Voting Parameters

• Quorum: 10% of total TWAB
• Approval threshold: 60% of votes
• Voting period: 4 days
• Execution delay: 24 hours

7. Treasury Management

6.1 Investment Philosophy

FUNDOOR operates as a rules-based index with governance oversight. The philosophy prioritizes diversification over concentration, quality over quantity, transparency over complexity, and long-term over short-term.

6.2 Inclusion Criteria

All holdings must satisfy:

• Launched on Fundry (ecosystem alignment)
• Completed DEX migration (proven viability)
• Minimum $5,000 market cap (basic liquidity)
• Active social presence (organic interest)
• No team red flags (risk mitigation)

6.3 Portfolio Limits

• Max single holding: 15%
• Min holdings count: 10 tokens
• Max holdings count: 50 tokens
• Rebalance frequency: Monthly or by vote

8. Tokenomics

8.1 Launch Configuration: Pre-Seed

8.2 Supply Distribution

Note: Creator allocation (34%) has a 3-month cliff enforced by Fundry's smart contract.

8.3 Value Accrual

$DOOR accrues value through:

• Treasury Growth: Holdings appreciate with ecosystem
• Creator Revenue: 1.2% of all trading volume flows to stakers
• TWAB Rewards: Longer stakes earn proportionally more
• Cooldown Lock: 7-day unstaking period reduces sell pressure

8.4 TWAB Reward System

FUNDOOR uses Time-Weighted Average Balance (TWAB) for fair reward distribution:

TWAB = Balance x Time Staked

Your share of rewards = Your TWAB / Total TWAB

This means staking EARLIER is as important as staking MORE. Someone who stakes 1,000 $DOOR for 30 days earns more than someone who stakes 3,000 $DOOR for 10 days.

8.5 Fee Structure

9. Roadmap

10. Risk Factors

9.1 Market Risks

• Cryptocurrency markets are highly volatile
• Fundry ecosystem tokens may collectively decline
• Solana network issues affect all operations

9.2 Protocol Risks

• Smart contract vulnerabilities
• Governance capture by malicious actors
• Treasury management errors

9.3 Regulatory Risks

• Changing legal landscape for tokens
• Potential classification as securities
• Jurisdiction-specific restrictions