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The vision underpinning the Helix AI Index is straightforward yet ambitious: to offer retail and institutional players diversified exposure to top AI crypto tokens and equities via a single, borderless on-chain instrument. Providing the data feed to make this vision a reality was a complex undertaking, for which Helix worked with Stork.
Stork COS’ architecture is uniquely positioned to provide a customized data solution capable of fusing crypto and equity feeds in real time and rebalancing positions to remain within risk parameters.
Generally, oracles only offer individual feeds of crypto tokens, and esoteric feeds, such as equities, require separate data pipelines. Combining both asset classes into one index needs a high-performance, unified data feed, provided by Stork’s COS. Stork’s architecture enables it to scale infinitely, as aggregation responsibilities are split between multiple decentralized aggregators. Thus, Stork’s data feeds are not limited by the number of assets an application needs in a particular data feed.
Artificial Intelligence is still a relatively nascent asset class and is subject to periods of volatility, to both the upside and the downside. To create an index for such a volatile industry, risk management is key. To reduce risk from concentration, the Helix AI Index has a 10% weight cap on tokens and a 25% cap on equities. Stork’s COS provides a data feed with rebalancing logic that updates monthly.
Any excess weight is redistributed proportionally among the rest of the index each month. This prevents large-cap assets (e.g., NVIDIA) from overshadowing the smaller up-and-coming AI tokens.
Helix’s trading volume regularly hits billions of dollars per month. Any index deployed by Helix, like the Helix AI Index, would likely have millions of dollars of open interest per month. Furthermore, Helix has institutional customers, such as high-frequency trading firms, that require speed in execution. To serve these challenging conditions, Stork’s COS has to be enterprise-grade.
To ensure the accuracy of the data and prevent tampering, Stork’s COS features multi-level guardrails that ensure intrinsic trustlessness. Aggregators verify publishers’ signatures, and on-chain contracts or subscribers verify the signatures of aggregators. Further, Stork’s COS employs a ‘pull’ approach to oracle structuring, ensuring that data is available whenever required, with sub-second ultra-low latency. The robustness of Stork’s data feeds is further strengthened by having multiple sources of data aggregated by multiple aggregators, thereby reducing reliance on a single point of failure.
There is also transparency built into all data updates. The latest value of a feed that has been pulled from Stork’s COS can be easily verified on-chain, as Stork’s smart contracts maintain a registry of this data and even have a public-facing interface for less sophisticated users.
The Helix AI Index is a first-of-its-kind fusion of crypto-asset exposure and TradFi-asset exposure, all woven together in one AI exposure basket. Investors have never had the opportunity to gain exposure to a single industry across multiple asset classes in this manner before. This unified instrument greatly simplifies how investors diversify across AI’s most promising opportunities, both in crypto and TradFi.
By combining AI-focused crypto tokens and equities in a single, on-chain perpetual market, Helix and Stork have redefined the boundaries of decentralized finance. At the heart of this innovation is Stork’s Real-Time COS, which delivers high-frequency, multi-asset data, enabling Helix to maintain accurate and transparent indices around the clock. Together, Helix and Stork stand at the forefront of a new era in DeFi, where traders can access global markets, mitigate risk, and capitalize on disruptive trends in one seamless environment.
