Architecture

Strategy Flow

The strategies are deployed in cycles called “epochs.” Each epoch has a funding phase, a trading phase, and a withdraw phase. Funding Phase: When the vault opens in the funding phase, users can deposit the vault’s underlying currency. Trading Phase: During the trading phase, users may not deposit or withdraw, and the trader may take custody of the vault’s funds to run the strategy mandates. Withdraw Phase: At the conclusion of the epoch, the funds are returned to the vault +/- PNL for users to withdraw at NAV or rollover to next epoch.

Depending on position structure, there may be an unwinding period upon conclusion of the epoch: Flagship Strategies: Funds are returned to vault within 72 hours of expiry. Tactical Strategies: Funds may be traded upto 30 days past expiry based on market opportunities.

Last updated