Loopr Baskets turn multiple tokenized assets into a single fully backed onchain token.
Each basket is created with a fixed recipe of underlying assets. Those quantities are locked in at creation, so there is no hidden rebalancing, no changing constituents, and no manager swapping assets behind the scenes.
When you mint, the underlying assets are deposited into the basket and you receive the basket token. Its value moves with the assets backing it, while the full composition remains verifiable onchain.
When you want out, burn the basket token and receive the underlying assets back in the same recipe.
One token. Multiple assets. Fully backed and fully onchain.