Leveraged. Redeemable. Diagnosed.

Using Tax Funds to Invest in Autists

Turns out the people who cannot small-talk, cannot let a problem go, and cannot be talked out of a ten-year plan are unreasonably good at running companies. $TARD buys them with leverage and lets you burn back out at RFV.

To be extremely clear: we have no idea which of these people are actually autistic and we are not claiming any of them are. None have been diagnosed publicly, none are involved with this project, and none have endorsed it. What they share is a set of behaviours the market keeps mispricing — total fixation on one problem, immunity to social consensus, and a willingness to look insane for a decade straight. Traits that read as a liability at a dinner party and as alpha on a ten-year chart. That is the whole thesis, and it is meant in affection.

The Stash

$120,023

Every dollar the 5%/5% tax has ever collected, deployed and visible.

Unrealized P&L
$0.00
Net Asset Value
$120.3K
Token Market Cap —
Treasury Balance $120.3K
Hyperfixation Clock
Next Window --h --m --s

What we're hyperfixated on

Every open position, live from Lighter, margined in USDG. No hidden bags, no off-table nonsense. Oversharing is kind of our thing. The basket is a discretionary thesis, not a formal index methodology, and it can change at any time.

View on Lighter
Live treasury positions
Position Leverage Conviction Notional Unrealized P&L

How the machine works

Three moving parts. We have explained them four hundred times. We will happily explain them again.

  1. 01 The tax feeds the stash Every buy and sell of $TARD pays 5%. It splits 3.5% to the treasury, 1% to the team, 0.5% to the insurance fund. Every degen who apes in or panic sells is funding the bags.
  2. 02 The stash goes all in, levered Treasury capital takes leveraged exposure to the spectrum on Lighter, margined in USDG. It does not diversify into things it doesn't care about. It hyperfixates and rebalances on a schedule.
  3. 03 You can always leave at RFV $TARD is a fractional claim on that treasury. Burn it and you get your proportional share at the current Redeemable Floor Value, settled at the next daily window. No eye contact required.
Buy/Sell Tax
5%
Tax Split
3.5% treasury / 1% team / 0.5% insurance
Redemption Fee
5%
Leverage
1.25–15x
Redemption Window
Every 24 hours, 4:30 PM ET
Redemption Cap
1% of total supply per 24h

The routine

Redemption settles every 24 hours at 4:30 PM ET, on the bell. Same time, every single day. We like routine.

  1. Connect your wallet Open the portal and connect on Robinhood Chain. It'll offer to switch networks if you're on the wrong one. No small talk.
  2. Pick your number Type it or drag the slider. Max is the smaller of your balance and your remaining daily cap. You'll see the live quote — your claim and the 5% fee — before you sign anything.
  3. Approve, then redeem Two transactions: approve $TARD to the queue, then redeem. Your tokens get escrowed and the exact USD owed is written on-chain at that window's frozen price.
  4. Get paid at the bell The window settles at 4:30 PM ET and your payout goes out in the anchor stablecoin. Burned tokens leave the supply, which bumps the RFV for everyone still holding. Leavers pay stayers.
Next window in
--Hours
--Minutes
--Seconds

Subject to a 5% exit tax, per-wallet limits, treasury-wide daily caps, and available liquidity.

Protocol wallets

The Rules

The Special Interest

The best-performing companies of the last two decades were not built by well-adjusted people. They were built by operators who fixate on one problem past the point anyone else finds reasonable, who ignore social consensus, and who keep going long after the room has told them to stop.

The Autism Index is a basket of those companies, held with leverage, funded by trading taxes, and redeemable against a treasury.

Constituent selection is discretionary and actively managed. It is a thesis, not a formal methodology, and it can change at any time. Constituents are listed by who runs the company; nothing here is a claim about the medical or personal circumstances of any individual, and no listed person is affiliated with or endorses this project.

The Tax

Every buy and sell pays a 5% tax, routed into three buckets:

  • 3.5% → Treasury Portfolio
  • 1% → Management Fee
  • 0.5% → Insurance Fund

The tax is designed to continuously add value to the system while funding operations and creating a risk buffer.

The Treasury Portfolio

Treasury funds are deployed to Lighter on Robinhood Chain and used to buy the spectrum through tokenized-equity perp markets, margined in USDG.

  • Rebalanced on an automated schedule
  • Leverage increases exposure per treasury dollar
  • Every tax dollar adds more exposure
  • More exposure can create more redeemable value if the basket rises
  • 50% of all collected funds remain sticky in the portfolio

The goal is simple: taxes build the treasury, the treasury buys the spectrum, and performance can increase the Redeemable Floor Value over time.

The Floor / RFV

Redeemable Floor Value, or RFV, equals:

Treasury Value ÷ Circulating Supply

RFV can rise through two primary forces:

  1. Taxes add new capital to the treasury
  2. The basket appreciates, increasing treasury value

As treasury value grows relative to circulating supply, each remaining token has a larger fractional claim on treasury funds.

However, RFV is only as strong as the treasury behind it. If the basket declines, is liquidated, or suffers losses, RFV can fall. This is not a risk-free floor; it is a treasury-backed redemption value based on live treasury assets, market conditions, and available liquidity.

Redemptions

Burn your $TARD to receive your proportional RFV claim from the treasury.

  • Processed through a redemption contract
  • Windows settle every 24 hours at 4:30 PM ET
  • Your payout is fixed at that window's frozen snapshot price and fee
  • Redeemed tokens are burned
  • Burning tokens reduces circulating supply without selling into the open market

Redemptions are intended to let holders exit through the treasury instead of relying only on market liquidity.

Redemption Tax

Redemptions pay a 5% exit tax, routed as follows:

  • 2.5% → Treasury
  • 2.5% → Insurance Fund

Translation: leavers pay stayers.

Every exit removes supply, adds value back into the system, and strengthens the remaining holders' fractional treasury claim.

Redemption Limits

To protect the system from sudden treasury drains:

  • Max 0.5% of total supply per wallet per day
  • Max 5% of total treasury balance redeemable per day
  • If the daily cap is reached, redemptions enter a queue until the next window opens
  • Limits are designed to reduce cascading bank-run risk
  • The Insurance Fund helps backstop redemption timing gaps and volatile rebalance periods

These limits are not just friction. They are part of the safety design.

The Insurance Fund

The Insurance Fund is built from taxes and redemption fees. It exists to absorb stress from:

  • Leveraged drawdowns
  • Rebalance timing gaps
  • Redemption pressure
  • Market volatility
  • Temporary treasury liquidity mismatches

The Insurance Fund is a buffer, not a guarantee. Severe losses, liquidations, oracle issues, exchange issues, or extreme volatility can still impact treasury value and RFV.

Safety & System Risk

The Autism Index is designed to create a treasury-backed redemption mechanism, but it is not immune to market risk.

The treasury holds the basket with leverage. That means upside can compound faster, but downside can also accelerate. If the Lighter basket moves sharply against the treasury, RFV can decline. If positions are liquidated, the treasury can suffer major losses, and the floor can collapse.

Key risks include:

  • Leveraged portfolio losses
  • Lighter market volatility
  • Forced liquidation risk
  • Concentration risk in a discretionary, actively selected basket
  • Bridge or infrastructure risk
  • Oracle or pricing errors
  • Redemption congestion
  • Treasury liquidity shortfalls
  • Smart contract risk
  • Operational or script failure
  • Extreme market events

The redeemable value is backed by treasury value, and treasury value moves with market performance. If the treasury loses value, so does every $TARD.

Eligibility & Restricted Regions

Full participation in the Autism Index requires that both products behind the treasury are legally available where you are located: Robinhood Chain stock tokens and Lighter perpetuals. Today that means supported jurisdictions in the European Economic Area.

  • Belgium and Hungary are excluded due to local crypto product restrictions
  • The United States, United Kingdom, Canada, Switzerland, the UAE, Singapore, and comprehensively sanctioned jurisdictions are restricted

Visitors from restricted regions are not blocked from exiting. Access is limited to redemptions only, so existing holders can always redeem $TARD for their treasury claim; opening or increasing positions and other trade actions are disabled. You are responsible for confirming that your participation is lawful where you are located.

Index Controls

The operators reserve the right to pause, modify, rebalance, upgrade, or stop the index at any time if needed to protect the system, respond to market conditions, address technical issues, or prevent abusive behavior.

This may include:

  • Pausing redemptions
  • Adjusting redemption limits
  • Adjusting leverage
  • Adding, removing, or reweighting constituents
  • Modifying tax routing
  • Rebalancing treasury exposure
  • Activating emergency protections
  • Shutting down the index and distributing remaining treasury value according to the current rules

The system is designed to be transparent, but it is actively managed. Participants should understand that rules can change if the index requires intervention.

The Game

  • Taxes fund the treasury
  • Treasury buys the spectrum with leverage
  • Gains can increase RFV
  • Redemptions burn supply
  • Exit taxes reward remaining holders
  • Insurance helps absorb volatility
  • RFV can rise as treasury backing grows
  • RFV can fall if the basket loses value

You are participating in a tax-funded, leveraged equity basket with a fractional claim on treasury funds.

The upside comes from taxes, leverage, and supply reduction.

The risk is that leveraged exposure can move against the system.

The Index can rip. The floor can break. Know the game.

Redemption Portal

Connect your wallet to redeem $TARD.
Estimated Claim
$0.00
Redemption Fee
$0.00

Redemptions are recorded on-chain and paid in the anchor stablecoin after the daily 4:30 PM ET window settles. Your payout is fixed at the window's frozen snapshot price and fee, and is subject to per-wallet and treasury-wide daily caps.

Redemptions Not Open Yet

The redemption portal isn't open yet. Once it is, windows settle every 24 hours at 4:30 PM ET. The next window opens in:

--Hours
--Minutes
--Seconds

When redemptions open, this portal will let you burn $TARD for your proportional treasury claim — subject to fees, per-wallet limits, and daily caps.