Is MEME500 live?#
Yes. MEME500 is live on Ethereum mainnet: each ape is 0.01 to 5 ETH, with no cap on total deposits. Prices, holders, activity and the ape limits on this site are read live from the chain. The MTF token is not launched yet (TBA). Contract addresses are in the Docs.
What do I actually get when I ape?#
MEME500: a token for your pro-rata share of the basket in the vault. You send ETH through MTFRouter in one transaction; inside that swap the IndexHook takes the 0.30% fee and buys PEPE, SHIB, SPX6900, MOG and NEIRO on their own Uniswap V2 / ShibaSwap pools, in proportion to what the vault already holds. No price oracle is used for minting, so it can’t be manipulated.
What does it cost?#
MEME500 charges 0.30% per ape and 0.30% per redeem, plus 1% a year on deposits. Each leg also pays the 0.3% Uniswap V2 pool fee. In our mainnet fork test, 1 ETH → MEME500 → back to ETH returned 0.988 ETH (about 1.2% round trip).
How big can one ape be?#
Each ape is 0.01 to 5 ETH, and there is no cap on total deposits (split bigger amounts into several apes). Beyond that, every leg is checked by a 3% price-impact guard, so the maximum ape is limited by the thinnest pool, roughly $100k today, because of SHIB’s on-chain liquidity. Bigger apes revert instead of filling at a bad price, and the app tells you to try a smaller amount.
Can I always get out?#
Yes, redeem anytime. A 0.30% fee is taken in MEME500 before redeeming, the rest is burned and the hook sells your share of each meme back to ETH. If one meme can’t be sold, that token is sent to you in kind instead of the redeem failing.
How does locking pay?#
Lock MEME500 for 7, 30 or 90 days at a 1×, 1.5× or 3× reward weight. Lockers share 40% of every ape/redeem fee, paid in MEME500: the fees are aped into MEME500 (fee free) and streamed to lockers over 6 hours. Lock MEME500, earn more MEME500, and it compounds. Claim anytime, extend to a longer tier anytime. The minimum lock is 0.001 MEME500. 7-day locks can never exit early; 30/90-day locks can, paying 20% × time left / lock length (in MEME500), streamed over 7 days to the lockers who stay. After a lock matures its weight drops to 1× until you unlock or relock. APR depends on volume, and nothing is promised.
Who decides which memes can be listed?#
Only the team, through a 48-hour timelock, using three tiers. Blue chip: ≥ $10M market cap, ≥ $500k ETH liquidity, ≥ 30 days old. Standard: ≥ $1M, ≥ $50k, ≥ 7 days. Degen: ≥ $250k, ≥ $20k, ≥ 3 days, max 15% weight, and the index is flagged Degen. Every tier must pass: no tax or honeypot, no blacklist / pause / mint powers, verified source, top-10 holders ≤ 40%, and LP ≥ 80% locked or burned (blue chips exempt). MEME500 is blue-chip only.
Can I make my own index?#
Soon. The platform launches with MEME500 only, and user-built indexes open after the MEME500 launch. The plan: pick 3 to 10 approved memes at 5 to 40% each (Degen memes max 15%), set a 0.10 to 1.00% trade fee and 0 to 2% yearly fee, lock $500 of MTF and seed it with at least 0.1 ETH. Seed shares are auto-locked for 30 days, and the creator earns 25% of the index’s trade fees.
What is MTF?#
MTF is the planned platform token: a fixed 1,000,000,000 supply with no minting and a fair launch, with 100% of the supply in a one-sided Uniswap v4 MTF/ETH pool, liquidity locked forever and no team allocation. It is not launched yet: the launch date, contract address and final fee routing are TBA. Meanwhile 15% of MEME500 trade fees and 25% of its yearly fees already go to the public buyback wallet, for MTF buybacks once MTF launches. You don't need MTF to use MEME500: lockers are paid in MEME500.
Is this an ETF?#
No. “ETF” is a metaphor. MEME500 is not an exchange-traded fund, not a regulated fund, and nothing here is financial advice. Memes are volatile and you can lose everything you put in.
Can MEME500's price be pumped like a normal meme?#
No. Every ape buys the basket and every redeem sells it, so MEME500's price follows the value of the five memes it holds. See Pricing and NAV.
What happens if one of the memes collapses?#
Its slice of NAV shrinks. If MOG went to zero, MEME500 would lose 7% (its weight), all else equal. The monthly review can remove it after two consecutive failed checks, and delisting blocks new apes immediately.
How is the MTF launch protected?#
MTF is not launched yet (TBA). The plan is a fair launch: 100% of the supply in a one-sided MTF/ETH pool with liquidity locked forever, starting at a launch price equivalent to 1B MTF paired with 1 ETH, and for the first 15 minutes a wallet can hold at most 2% of supply (20M MTF). That limit then switches itself off permanently and is enforced in the token. The launch date, contract address and fee routing will be announced.
Do I need MTF to use MEME500?#
No. You ape with ETH, redeem to ETH, and locking pays in MEME500. MTF launches separately; date TBA.