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Scape Sector Indices

Scape provides four sector-focused commodity indices, each targeting a specific supply chain segment. These indices are available as HIP-3 perpetual contracts on Hyperliquid.

sSEMIS

SemiconductorsMaterials critical to chip manufacturing: copper, aluminum, silicon, tin, silver.

sDEFENSE

Defense & Critical MineralsStrategic materials for defense applications: tungsten, rare earths, uranium, nickel, antimony.

sAERO

Aerospace MaterialsHigh-performance materials for aircraft and spacecraft: titanium, nickel, aluminum, copper, cobalt.

sENERGY

Energy & TransitionTraditional and transition energy inputs: crude oils, naphtha, rare earths, polysilicon.

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Index Summary

IndexTickerSectorComponentsStatus
sSEMISsSEMIS-PERPSemiconductorsCu, Al, Si, Sn, AgTestnet
sDEFENSEsDEFENSE-PERPDefenseW, NdPr, U₃O₈, Ni, SbTestnet
sAEROsAERO-PERPAerospaceTi, Ni, Al, Cu, CoTestnet
sENERGYsENERGY-PERPEnergyBrent, Mars, Naphtha, NdPr, PolysiliconTestnet

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Two Index Families

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Currently Available

s-baskets are synthetic, price-referenced indices. They track commodity prices via oracle feeds without holding physical inventory.Characteristics:
  • Price-referenced only
  • No physical backing
  • Available as HIP-3 perpetuals
  • Oracle Provider (TBD) supplies feeds
Use cases:
  • Speculate on sector performance
  • Hedge commodity exposure synthetically
  • Express macro views on supply chains
Indices: sSEMIS, sDEFENSE, sAERO, sENERGY

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How Index Prices Are Calculated

Each index is a weighted basket of commodity prices: I(t)=∑i=1nwi⋅Pi(t)I(t) = \sum_{i=1}^{n} w_i \cdot P_i(t) Where:
  • I(t)I(t) = Index value at time tt
  • wiw_i = Weight of commodity ii (weights sum to 1.0)
  • Pi(t)P_i(t) = Price of commodity ii at time tt
  • nn = Number of commodities in the basket
Alternative representation (basis points): I(t)=∑i=1nwi,bps⋅Pi(t)10000I(t) = \frac{\sum_{i=1}^{n} w_{i,bps} \cdot P_i(t)}{10000} Where wi,bpsw_{i,bps} are weights expressed in basis points (summing to 10,000).

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Oracle Architecture

Index prices are published on-chain by a relayer/keeper that aggregates commodity prices from Oracle Provider (TBD). 
[Commodity Markets] → [Oracle Provider (TBD)] → [Scape Keeper] → [On-chain Index]
                                                      ↓
                                              [HIP-3 Perpetual]
Key components:
  • Oracle Provider (TBD): Institutional-grade commodity price feeds
  • Scape Keeper: Aggregates feeds, calculates index, publishes on-chain
  • On-chain Index: 8 decimal precision (Chainlink-style interface)
  • HIP-3 Market: Uses index as reference price

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Weight Tables

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sSEMIS (Semiconductors)

CommoditySymbolWeight
CopperCu25%
AluminumAl15%
SiliconSi30%
TinSn15%
SilverAg15%

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sDEFENSE (Defense)

CommoditySymbolWeight
TungstenW26.3%
Neodymium-Praseodymium OxideNdPr23.7%
Uranium OxideU₃O₈19.7%
NickelNi15.8%
AntimonySb14.5%

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sAERO (Aerospace)

CommoditySymbolWeight
TitaniumTi28%
NickelNi24%
AluminumAl20%
CopperCu15%
CobaltCo13%

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sENERGY (Energy)

CommoditySymbolWeight
Brent CrudeBrent25%
Mars CrudeMars20%
NaphthaNaphtha15%
Neodymium-Praseodymium OxideNdPr20%
PolysiliconPolysilicon20%

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Governance & Rebalancing

Current state: Index weights are fixed at launch. Future state: Programmatic rebalancing mechanics are planned but not yet implemented.
ParameterCurrentFuture (TBD)
Weight changesFixedGovernance or programmatic
Rebalance frequencyNone(TBD — confirm)
Component additionsManual(TBD — confirm)
Component removalsManual(TBD — confirm)

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Next Steps

sSEMIS Details

Semiconductors index composition and rationale.

sDEFENSE Details

Defense index composition and rationale.

sAERO Details

Aerospace index composition and rationale.

sENERGY Details

Energy index composition and rationale.