Vault return
Net APY
What the vault holds
Details
Liquidity leg
Concentrated liquidity, recentered around price so it keeps earning fees.
Hedge leg
Supply USDC, borrow WETH against it, a looped short that cancels the LP's ETH exposure.
How the two legs net out
Generates yield by providing WETH/USDC liquidity on Aerodrome while hedging price exposure with a looped Aave V3 money-market short, supply USDC, borrow WETH against it. A solvency-first risk engine monitors every block to maintain delta neutrality and trip preemptive unwinds before liquidation.
What runs this vault
Solvency-first risk engine, checks every block, trips a preemptive unwind before liquidation.
Recent adjustments
How much this vault can hold
On any venue the vault can hold about 8% of that pool's liquidity before its own size starts to move the pool and erode execution. Capacity is that share, summed across the venues this vault is live on. It is live on Aerodrome (Base) today; each integration below adds its own pool, so total capacity grows venue by venue.
Pool depth is aggregated ETH/USDC liquidity per venue, snapshot Jun 2026, and moves with the market. Capacity = 8% of pool depth, a model of how much the vault can hold without degrading its own execution; it is not a deposit guarantee. The perp-hedge route sizes off order-book ETH depth rather than a spot pool, which is what lifts the modeled soft capacity to ~$76M. Integration targets, not commitments; venues are added after risk review.
Private test beta, not open for deposits, the numbers here are modeled. Leave your email to get product news and a heads-up when it goes live. 30% computing fee on yield at launch.