What is a basket?
A Hunter has one admitted backing-asset type. The launch asset is NVDA, a stock token; this does not mean it contains a diversified basket. Token rights and redemption depend on its issuer and contracts.
NVDA is admitted on Robinhood mainnet. Check its address. HUNTER is paired with USDG for trading, but USDG is not the launch NFT backing asset. ETH remains the mining gas currency.
Backed means funded
A basket name, a future budget or an estimated value is not backing. Backing means actual basket tokens have been deposited and allocated to the NFT.
Shared ecosystem funding adds tokens to the Hunter’s locked backing. The contracts retain a separate owner-funded backing path. An owner’s deposit is their asset; it is not platform income.
Basket shares can fall in value. “Backed” does not mean a fixed price floor, a guaranteed return or a promise that every underlying asset can always be delivered.
Your options
| Action | What happens to the backing |
|---|---|
| Hold | Funded allocations stay attached to the Hunter. |
| Sell or transfer | Attached backing and unfinished allocation rights follow the NFT. |
| Redeem | Burn the Hunter to receive available basket shares. |
| Switch basket | Approve a quoted conversion; the new shares stay locked to the Hunter. |
| Borrow | Pledge the whole NFT or selected backing under a supported loan’s rules. |
A live Hunter does not have an ordinary “withdraw daily rewards” button. Borrowing is a separate, explicitly authorised use of collateral.
Redemption has two steps
First, redeem the Hunter. Burn the NFT and receive its available basket shares. If an earlier eligible round is still waiting for funding, the recorded final owner keeps the right to collect that allocation if it is funded later. The burned NFT earns no future rounds.
Then, if you choose, redeem the basket shares. Use the basket’s own process to request its underlying assets. Its token behaviour, costs and any component restrictions still apply.
The target contract rule is that a failed required transfer during the initial NFT redemption must preserve the NFT and its backing by reverting the transaction.
Switching without losing earlier rights
An owner may switch only when the Hunter has no active loan and is outside escrow. A conversion needs a fresh quote and explicit approval, including the cost and minimum amount to receive.
If older rounds are unfinished, the owner can enter a cancellable waiting state. Earlier rights remain intact; new daily eligibility pauses for that Hunter. Complete or cancel the switch to rejoin at the next cutoff. There is no catch-up allocation for skipped rounds.
Additional basket choices and switching interfaces are not implied by the live mining release.
More baskets over time
The design allows reviewed basket types to be added after launch without replacing the collection. Adding a basket never converts anyone’s existing backing automatically.
New baskets and markets need technical and economic review. Supporting a basket in the collection does not force a lender to accept it.