> For the complete documentation index, see [llms.txt](https://throtl.gitbook.io/throtl/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://throtl.gitbook.io/throtl/tpf3x-throtl-pumpfun-3x-leveraged-etf.md).

# TPF3X - Throtl Pumpfun 3X Leveraged ETF

https\://x.com/throtlfi

**Name: TPF3X – Throtl Pumpfun 3x**

A 3x leveraged memecoin index fund on Solana tracking the top 5 highest Pump.fun assets by marketcap. <br>

**Overview**

TPF3X is an on-chain ELF (Enhanced Leverage Fund) that offers 3x exposure to the five greatest Pump.fun memecoins of all time.
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It’s the degen’s way to ride legendary bags leveraged, passive, and on Solana.

**Top 5 Coins Held**

`Fartcoin $FARTCOIN`
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&#x20;`Would Coin $WOULD`
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&#x20;`Peanut $PNUT`
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&#x20;`Moodeng $MOODENG`
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&#x20;`Goat $GOAT` <br>

**Methodology**
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Fixed basket of the Top 5 Pump.fun memecoins by all-time peak market cap
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Each coin is held with 3x notional exposure via synthetic leverage
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Portfolio composition is equal-weighted <br>

**Leverage Design**

We apply synthetic 3x exposure through a combination of on-chain borrowing or delta-adjusted wrapped derivatives. If not feasible via DeFi, leverage is simulated by adjusting NAV and rebalancing exposure regularly.

**Allocation**

Each coin starts with:

Initial Notional Exposure = (Total Vault Value / 5) × 3
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Vault borrows, wraps, or synthetically adjusts to reach 3x per position.

**NAV Calculation:**

<figure><img src="https://1027064118-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FDKtX4Itojmd1XPEGwsZO%2Fuploads%2FGbb1NEtfzje4DNtBtx61%2Fimage.png?alt=media&amp;token=328b3b8a-17e8-404c-882f-cfed199dac90" alt=""><figcaption></figcaption></figure>

**Ongoing Fee Accrual affecting NAV:**

<figure><img src="https://1027064118-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FDKtX4Itojmd1XPEGwsZO%2Fuploads%2Fj3CF2DK1S80iM3SjFfQK%2Fimage.png?alt=media&amp;token=f1a40ae4-7d43-463d-b9f9-ab39aaadb4f2" alt=""><figcaption><p>Total Ongoing Fee Acrual</p></figcaption></figure>

**Synthetic Price Oracle:**

<figure><img src="https://1027064118-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FDKtX4Itojmd1XPEGwsZO%2Fuploads%2FTiybnELkBxeErdcGUZHd%2Fimage.png?alt=media&amp;token=fd4cc7ba-8a3d-4da6-afca-8eec3f07f067" alt=""><figcaption></figcaption></figure>

**Total Vault Exposure:**

<figure><img src="https://1027064118-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FDKtX4Itojmd1XPEGwsZO%2Fuploads%2F6WzjwRBSyqA1OQUuVi3X%2Fimage.png?alt=media&amp;token=41755bb0-5b61-4614-965f-315377ac0ff2" alt=""><figcaption></figcaption></figure>

**Token Details**
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Token: $TPF3X
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Chain: Solana
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Vault type: SPL token vault
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Leverage: 3x per coin
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Dev Hold: 10%
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Vault Maintenance Fee: 3% annually
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**Risk Factors**
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Liquidation of synthetic leveraged positions
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Price decay due to volatility drag (as with any 3x ETF)
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Illiquidity of memecoins
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Static nature of coin selection (no rotation) <br>

**Use Case**
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Express a high-conviction macro bet on legacy memecoins
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Passive, meme-indexed leverage for DAO treasuries
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Degenerate ETF-style product for Solana traders

Copyright: ThrotlFi