# What is Vectis Finance Vectis Finance is a cutting-edge decentralized finance (DeFi) platform designed to empower users by offering advanced yield optimization strategies with minimal risk exposure. Built on the Solana blockchain, Vectis combines innovative mechanisms with robust risk management to deliver sustainable, high-performance solutions for digital asset holders. ## **Our Vision** At Vectis, we envision a future where DeFi is accessible, efficient, and secure for everyone. By leveraging the latest blockchain technologies and strategic yield-generating methods, we aim to redefine the way users interact with their digital assets, ensuring maximum returns while minimizing complexity and risk. ## **Key Features of Vectis** 1. **Delta-Neutral Strategies**\ Vectis specializes in delta-neutral strategies, enabling users to earn amplified yields without being exposed to market volatility. This approach ensures consistent performance regardless of asset price movements. 2. **Dynamic Yield Optimization**\ By utilizing advanced algorithms and real-time market monitoring, Vectis dynamically adjusts leverage, hedges, and allocations to maximize returns while maintaining cost efficiency. 3. **Comprehensive Risk Management**\ Security is at the core of Vectis. Our strategies are built on audited, battle-tested platforms like Drift and Jupiter, and include mechanisms to mitigate smart contract risks, leverage exposure, and market volatility. 4. **Transparent and Fair Fee Structures**\ Vectis employs a performance-based fee model, ensuring that users only pay when they profit. This aligns our success with that of our community. 5. **Seamless User Experience**\ Designed with both novice and experienced DeFi users in mind, Vectis provides a clean and intuitive interface, making advanced strategies accessible to everyone. ## **Our Flagship Products** Vectis offers a range of innovative vaults tailored to different user needs: * **JLP Hedging Vault**: JLP Leverage Delta Neutral strategy, that provides amplifies real yield from JLP while mitigating market exposure. * **Funding Rate Arbitrage**: Maximizing yield via Arbitrage on Different CEX/DEX — Where Liquidity Converges, Opportunity Emerges. * **Allora AI Edge:** Maximize your trading potential with real-time, AI-driven\ price forecasts from Allora's decentralized network * **Multi Lend:** Optimize Yield across Protocols and Stablecoins Each product is crafted to combine the best of DeFi’s capabilities with a focus on security and efficiency. ## **Why Choose Vectis?** Vectis stands out as a trusted partner in the DeFi space by delivering high-yield, low-risk solutions that are both innovative and transparent. Whether you’re a seasoned investor or just beginning your DeFi journey, Vectis offers the tools, insights, and support to help you achieve your financial goals. # JLP HyperLoop Vault ### Introduce JLP HyperLoop is a next-generation delta-neutral yield strategy built on Jupiter’s new DeFi lending feature, [**JLP Loans**](https://x.com/JupiterExchange/status/1945969075538083978) , and the leading perps DEX **Hyperliquid**, with institutional-grade custody provided by **Cobo**. The strategy is designed to improve capital efficiency and deliver sustainable returns under controlled risk conditions. ### **Strategy Overview** The vault accepts **USDC deposits** and uses those funds to acquire **Jupiter’s JLP token**, which earns trading fees and incentives from the Jupiter Perp. To amplify returns, the strategy uses **JLP Loans** to borrow additional USDC, enabling it to loop the capital back into JLP and increase exposure in a capital-efficient manner. To neutralize the price volatility of assets underlying JLP—specifically SOL, ETH, and BTC—the vault opens **short positions on Hyperliquid** that match the composition of the JLP pool. This ensures that the strategy remains delta-neutral, focusing purely on generating yield from the JLP token and the funding fees earned from the short hedge positions.
### **Yield Generation** The JLP HyperLoop Vault generates returns mainly from two primary sources. First, it earns yield from the JLP token itself, which accrues fees from trading activity on Jupiter Perp. The strategy amplifies this yield through leveraged exposure, achieved via borrowing USDC on JLP Loan and re-depositing it into JLP. Second, the vault captures **funding fees** by maintaining short positions on Hyperliquid’s perpetual markets for SOL, ETH, and BTC. When funding is positive—which is often the case during risk-on or speculative market conditions—shorts earn funding payments from long traders. This adds a non-correlated source of return on top of the base JLP yield. Combined, these two components form a robust and capital-efficient yield engine that delivers real income while remaining market-neutral. ### **Delta-Neutral Hedging** The strategy is designed to maintain delta-neutrality at all times. Since JLP’s value is derived from volatile assets like SOL, ETH, and BTC, price movements in those assets can impact the value of the position. To counteract this, the vault opens short positions on Hyperliquid, mirroring the allocation within the JLP pool. The hedge ratios are continuously monitored and rebalanced by an automated keeper system. This allows the vault to maintain neutral exposure to price fluctuations while maximizing exposure to yield. Importantly, the vault uses **limit orders** for hedge execution wherever possible, helping to minimize slippage and trading costs over time. ### **Collateral Rebalancing Between Platforms** Because funds are deployed across two separate platforms—Jupiter for yield exposure and Hyperliquid for hedging—effective collateral management is crucial. The strategy implements an automated rebalancing system that shifts capital between platforms in response to market conditions. When the market rises and JLP appreciates in value, the hedge positions on Hyperliquid become relatively undercollateralized. In these instances, the vault borrows more USDC via JLP Loan and transfers additional collateral to Hyperliquid to strengthen the margin buffer and avoid liquidation. Conversely, when the market declines and hedge positions become profitable, excess collateral is released from Hyperliquid and returned to Jupiter, where it is used to repay the borrowed USDC. This system ensures optimal capital efficiency while maintaining the health of all active positions. ### **Security & Custody** Security is a top priority for the JLP HyperLoop Vault. All assets are custodied by **Cobo**, a leading institutional-grade digital asset custodian. Cobo handles private key management and operational controls, reducing human risk and protecting user funds with best-in-class infrastructure.
The strategy also interacts with **Jupiter** and **Hyperliquid**, two of the most mature and liquid platforms in the Solana ecosystem. In addition, Vectis has built and battle-tested its own automation layer to manage hedging, rebalancing, and execution logic. This infrastructure runs with high uptime and includes circuit breakers and fallback protections. ### Comparison with JLP Navigator Vault The earlier JLP Navigator strategy gained strong adoption, bringing Vectis to a peak TVL of $30M. It boosted JLP yields by 2–3x by leveraging JLP Value and hedging the asset pool to eliminate price exposure, all while maintaining delta neutrality on the Drift perp DEX. However, funding rate volatility and elevated borrowing costs highlighted areas for improvement. JLP HyperLoop addresses these challenges by rebuilding the strategy’s core engine, leveraging lower-cost financing, deeper liquidity, and more efficient execution. ### Fees and Redemption Terms * **Management Fee**: 2% annually. * **Performance Fee**: 25% of profits. * **Withdrawal Fee**: 0.3%. * **Redemption Period**: Fixed 3-day window for safe position unwinding and rebalancing. ### **Risks** As with all DeFi strategies, there are inherent risks associated with the JLP HyperLoop Vault. **Smart contract risk** exists across all integrated protocols, including Jupiter and Hyperliquid’s own infrastructure. Although these systems are well-tested, unexpected bugs or exploits are always a possibility. **Execution risk** may occur during extreme market volatility, where slippage or delayed order settlement could momentarily disrupt hedge precision. The vault mitigates this through limit orders, circuit breakers, and real-time monitoring. **Custodial risk**, while minimized through Cobo’s infrastructure, remains a factor as it introduces third-party dependency. However, the use of a trusted custodian substantially reduces key management risk compared to self-custodied or unmanaged multisig vaults. Users should evaluate these risks and determine whether they align with their yield and risk tolerance preferences. ### Target Users The JLP HyperLoop Vault is designed for: * Users seeking **non-directional, yield-focused exposure**. * Investors prioritizing **risk management and custody security**. * Institutions and individuals looking for scalable, automated DeFi strategies. # UltraX Arb Vault V2 ### Overview Following the exploit on the Perp DEX Drift, which affected around 25% of positions on the UltraX Legacy version, Vectis has completed a vault restructuring and deployed the **UltraX Arb Vault V2**. Similar to its predecessor, **UltraX Arb Vault** V2 is engineered to capture funding rate and basis arbitrage opportunities across multiple venues, moving beyond the constraints of a single exchange or fixed trading pairs. By dynamically allocating capital across **Hyperliquid, Binance**, **Aster and Lighter,** the vault significantly expands its opportunity set, remaining productive even when spreads on a specific venue compress. Based on our proven logic, we have significantly upgraded the vault’s architecture: we optimized liquidity by concentrating 90%+ of assets within the Binance + Hyperliquid corridor for superior depth, integrated Ceffu and Cobo for institutional-grade custody and asset segregation, and hardened protocol security through a 3/5 multi-sig upgrade and an 8-hour timelock to neutralize governance and execution risks. The vault operates in a market-neutral configuration, focusing on funding and basis capture rather than directional price exposure. All positions, balances, and routing logic are fully observable on perp DEXs, offering a transparent and verifiable alternative to opaque, CEX-based arbitrage funds. ### Core Strategy Design #### **Arbitrage Trading** As the number of perpetual DEXs continues to grow, market inefficiencies frequently emerge across venues. Many traditional market makers and arbitrageurs are still not fully adapted to on-chain trading, particularly when it comes to managing network latency, execution constraints, and cross-chain settlement. Vectis has spent an extended period developing a cross-exchange arbitrage trading engine purpose-built for perp DEXs. This engine continuously scans multiple exchanges to capture both price dislocations and funding rate spreads across venues, enabling the strategy to systematically exploit inefficiencies that arise in a fragmented on-chain derivatives market. #### **Collateral Rebalancing** Because the strategy trades perpetual futures, effective collateral management is critical to maintaining system stability and avoiding liquidation risk. We continuously monitor the free collateral and margin health of every exchange account in use. When collateral on any exchange falls below our internal safety threshold, capital is automatically reallocated from other venues with excess buffer. This ensures that positions remain well-collateralized at all times, even during periods of heightened volatility or rapid funding changes. #### **Capital Allocation** Capital is dynamically allocated across exchanges based on opportunity strength and operational requirements, rather than being statically assigned. Allocation decisions consider funding rates, price spreads, liquidity conditions, and collateral needs on each venue. This dynamic allocation framework allows the vault to remain flexible, maximize capital efficiency, and continuously route funds toward exchanges offering the most attractive risk-adjusted arbitrage opportunities. ### Risk Management System #### Real-Time Risk Management & Automated Defence Our proprietary risk engine ensures continuous, cross-exchange monitoring of positions and equity. Engineered for resilience, the **Automated Rebalancing Engine** precision-allocates collateral across venues during extreme volatility, neutralizing liquidation risks in real-time. Beyond automation, the system features **Proactive Remediation**—detecting exchange-level anomalies such as ADL and abnormal funding rates to trigger immediate alerts and pre-defined corrective actions, seamlessly integrating algorithmic precision with expert oversight. #### Infrastructure & Security Optimization * **Liquidity Consolidation:** We have deprecated Drift in favor of the Binance + Hyperliquid core corridor, concentrating over 90% of total liquidity to secure institutional-grade depth and price stability. * **Tier-1 Custody Integration:** Assets are protected through a dual-custody framework, utilizing Ceffu for Binance and Cobo for Hyperliquid and other DEX operations, ensuring top-tier asset segregation. * **Protocol-Layer Hardening:** We have fortified the smart contract layer by implementing a 3/5 multi-sig threshold and an 8-hour timelock, providing a robust defense-in-depth against governance and execution risks. ### Fee structure and relief for affected users The standard fee structure for UltraX will remain unchanged. However, we recognize the financial strain the Drift incident has placed on our community. As a gesture of our commitment to you, we will **fully refund all intermediate fees** generated from now until **31 May 2026**, for users directly affected by the incident. #### Standard fee schedule | Fee type | Rate | | --------------- | ----- | | Management fee | 2.0% | | Performance fee | 20.0% | | Redemption fee | 0.3% | ### Risks While UltraX Arb V2 is designed to deliver consistent, risk-adjusted returns, users should be aware of the following risks: #### Smart Contract & Custody Risk Capital is deployed across multiple protocols and exchanges, each with their own smart contracts and operational dependencies. While mature infrastructure and institutional custody reduce risk, they cannot eliminate it entirely. #### Funding & Execution Risk Funding rates can change rapidly, and execution quality may deteriorate during periods of extreme volatility or liquidity stress. While the strategy actively monitors spreads and uses systematic rebalancing, temporary drawdowns are possible. #### Operational Complexity UltraX is an actively managed, multi-exchange strategy. Its performance depends on correct execution, routing, and monitoring across several venues and chains. # Market Neutral Long Short Vault When it comes to DeFi today, it is completely understandable that many investors have serious reservations. Between opaque “black-box” protocols and a recent wave of devastating hacks, public confidence in the safety of DeFi has been severely shaken. Recognizing these structural vulnerabilities, Vectis Finance began developing a proprietary **Multi-factor Model** in March of last year. Throughout this development process, we have invested immense time and resources into live trading execution and stringent risk management. Moving forward, we are not solely reliant on DeFi protocols to generate yield; instead, we can actively capture returns through sophisticated, data-driven price judgment. Today, we are excited to officially introduce our new **Systematic Long/Short Strategy**. ### Strategy core characteristics This new product is designed to isolate and eliminate the unpredictable variables of the crypto market, focusing purely on statistical edges. #### 1. Strict market neutrality We do not take directional bets on where the market is going. By maintaining a strictly market-neutral portfolio, our goal is to keep market risk tightly controlled at all times, while simultaneously mitigating operational and counterparty risks. #### 2. Multi-dimensional analysis Our model doesn’t just look at price. We conduct rigorous cross-sectional analysis across a wide universe of tokens. Assets are evaluated and scored based on a variety of distinct factors, including: * **Trading volume & liquidity** * **Core fundamentals** * **Market sentiment** ### Zero DeFi concern & institutional infrastructure The most important distinction of our Systematic Long/Short Strategy is its risk profile: **this product requires zero exposure to DeFi.** The risks involved are mainly standard trading risks. To ensure maximum capital protection and execution efficiency, we have partnered with industry leaders: * **Custody:** All assets are secured using **Ceffu**, providing institutional-grade wallet custody. * **Execution:** All trading activity is routed exclusively through **Binance**. We chose Binance for one simple reason: it provides the undisputed highest liquidity in the market. ### Introductory fee structure & user relief To celebrate the launch of this strategy, we are offering a heavily discounted standard fee schedule for the **first month** of operation. | Fee Type | Rate | | --------------- | ----- | | Management fee | 0.0% | | Redemption fee | 0.2% | | Performance fee | 10.0% | ### Continued support for Drift-affected users Just as we announced with UltraX, we remain committed to supporting our community members who were impacted by the recent Drift Protocol incident. For those affected Vectis users who enter this new strategy, **any fees paid up until May 31, 2026, will be fully rebated.**
We built this strategy to provide a safe, data-driven alternative in a volatile market. If you are looking for yield without the anxiety of smart contract vulnerabilities, we invite you to explore what our Systematic Long/Short Strategy has to offer.
# Deprecated Vaults # JLP Navigator Vault The JLP Navigator Vault is a flagship product of Vectis, designed to optimize yield for USDC depositors by leveraging the unique properties of the **Jupiter Liquidity Provider (JLP)** token. This vault provides a sophisticated yet user-friendly approach to yield farming, combining innovative mechanisms such as delta-neutral hedging, dynamic leverage adjustment, and premium trading strategies. Here's an overview of what makes the JLP Navigator Vault a standout solution for DeFi investors. ## **Key Features** #### **1. Delta-Neutral Yield Generation** The JLP Navigator Vault ensures minimal price risk by maintaining a **delta-neutral** position on volatile assets like SOL, BTC, and ETH. This approach allows depositors to benefit from JLP’s yield without being exposed to the price volatility of its underlying assets. * **How it Works**: By opening short positions on Drift Perpetuals, the vault offsets the price exposure of JLP's underlying assets, ensuring stable returns for depositors. #### **2. Leveraged Yield Optimization** The vault dynamically increases or decreases leverage to maximize yield while minimizing risk. By converting USDC deposits into JLP and using it as collateral on Drift, the strategy amplifies returns without compromising stability. * **Dynamic Leverage Adjustment**: Leverage is applied only when funding rates and JLP yields exceed borrowing costs, ensuring net-positive returns. The vault actively monitors these metrics to adjust leverage up to **3x**. #### **3. Premium Trading** The JLP Navigator Vault takes advantage of price differences (premiums) between JLP’s **virtual price** and **market price**, capitalizing on arbitrage opportunities. By strategically minting or trading JLP during cap adjustments, the vault enhances overall performance. #### **4. Transparent Fee Structure** * **Performance Fee**: A 2**0% performance fee** is charged only on profits generated by the strategy. * No hidden fees or management costs, ensuring fair and transparent pricing for all users. ### **How It Works** 1. **Deposit**: Users deposit USDC into the JLP Navigator Vault. 2. **Conversion to JLP**: Deposited USDC is swapped for JLP via Jupiter Exchange. 3. **Collateralization**: JLP is deposited as collateral on Drift, enabling leveraged yield generation. 4. **Hedging**: Delta-neutral hedges are opened on Drift to mitigate price exposure of JLP's underlying assets. 5. **Yield Generation**: Profits are generated through JLP’s staking rewards, funding rates from hedging, and premium trading strategies. ### **Performance Highlights** * **Consistent High Yields**: JLP historically delivers annualized returns exceeding 2**0%**, with optimized strategies pushing yields even higher. * **Robust Risk Management**: Delta-neutral hedging and dynamic leverage adjustments safeguard against market volatility, ensuring stable and sustainable returns. * **Scalable Growth**: The vault seamlessly adapts to changes in trading volume and market dynamics, making it resilient across various conditions. ### **Ideal for Whom?** The JLP Navigator Vault is perfect for: * **Yield Seekers**: Investors looking to earn high, sustainable returns on USDC. * **Risk-Averse Users**: Those who prefer strategies with minimal exposure to volatile assets. * **Experienced DeFi Traders**: Users interested in advanced yield farming with minimal effort. ### **Why Choose JLP Navigator Vault?** * **Proven Track Record**: Backed by Jupiter, a leading protocol on Solana, JLP is a trusted yield source. * **Innovative Strategy**: Combines delta-neutral hedging, leverage, and arbitrage to optimize returns. * **Transparency**: Clear performance tracking and straightforward fee structure. The JLP Navigator Vault embodies the cutting-edge of DeFi yield strategies, providing a secure, high-yield solution tailored for modern investors. Start your journey with Vectis today and unlock the full potential of your USDC. For more details on the mechanism, and its backtesting result, visit our whitepaper: {% file src="/files/eiv80zZ3PGn1LnxSn6Ls" %} # JLP Navigator II Vault **JLP Navigator II** is a cutting-edge yield strategy designed for users seeking to maximize JLP’s returns while maintaining robust risk management. As the **first vault covered by Vectis’ insurance fund**, it offers an additional layer of protection by absorbing unexpected losses beyond a **5% drawdown threshold**. By utilizing **hedged short positions on Drift**, the vault neutralizes exposure to **SOL, ETH, and BTC**, ensuring that market fluctuations do not affect depositor returns. This makes **JLP Navigator II** an ideal choice for risk-averse investors looking for stable, high-yield opportunities. ### **Key Features** **1. Insurance Fund Protection** Vectis introduces an **insurance fund** to safeguard user deposits, setting a new standard in DeFi risk management. #### **How It Works:** • If drawdowns exceed **5%**, the insurance fund **automatically covers the excess loss** to protect user capital. • The fund is **actively managed** to ensure adequate reserves are available. • This initiative enhances security and investor confidence by mitigating the risks associated with market volatility. #### **2. Dynamic Reserve Allocation & Yield Optimization** The vault employs **strategic reserve allocation** to maximize yield while preserving stability. • **Captures JLP’s inherent yield** and profits from price inefficiencies in JLP’s **premium/discount cycles**. • **Monitors stablecoin APY** to capitalize on sudden yield spikes while maintaining liquidity for efficient risk management. #### **3. Strategic & Adaptive Delta Hedging** A **real-time hedging mechanism** ensures the strategy remains market neutral while adjusting to trader behavior and market conditions. • **Tracks Jupiter Perpetuals activity**: Pool utilization, trader PnL trends, and volatility levels guide dynamic hedge adjustments. • **Rebalances positions to optimize returns**: Capturing value when conditions are favorable while minimizing directional exposure. #### **4. Robust Rebalancing Mechanism** • **Delta Rebalancing**: Adjusts hedging positions when **outstanding delta exceeds 2%** of the vault’s net value. Factors like asset holdings, open interest, and fee reserves determine the necessary modifications. • **Time-Based Rebalancing**: Every **8 hours**, the vault recalculates and rebalances exposure across all assets to maintain delta neutrality, minimizing trading costs and slippage. ### **Withdrawal Terms & Fees** #### **Redemption Period** • Withdrawals can be requested anytime but are subject to a **1-day redemption period**. • **Profits accrued during the redemption window will not be credited** and will be forfeited. #### **Airdrops & Unexpected Returns** • A **20% fee** applies to airdrops or unexpected returns. • The remaining **80% of airdrops (e.g., $JUP, $DRIFT)** is claimable based on a **time-weighted calculation framework**. #### **Performance Fee** • **No management fee**—100% of capital works towards generating yield. • A **25% performance fee** is applied only to profits, ensuring alignment between user success and vault incentives. ### **Risks** While **JLP Navigator II** is designed for **stable, risk-adjusted returns**, it carries inherent risks: 1. **Smart Contract Risk** – The vault interacts with Jupiter and Drift, both of which employ strong security measures, but **vulnerabilities in smart contracts** could expose deposits to unforeseen risks. 2. **Hedging Risk** – Extreme market volatility may **affect hedging precision**, particularly with rapid price shifts in **SOL, ETH, or BTC**. While continuous monitoring minimizes exposure, users should be aware of the complexities involved in dynamic hedging. ### **Why Choose JLP Navigator II?** ✔ **First-ever insured vault** – Backed by Vectis’ insurance fund for added protection. ✔ **Optimized yield strategy** – Adaptive hedging and premium trading enhance returns. ✔ **Designed for stability** – Delta-neutral approach eliminates exposure to price volatility. For more details, including backtesting results, refer to our whitepaper: [https://1798074314-files.gitbook.io/\~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtHoaCyK7q5YoYK7yfvQ4%2Fuploads%2FNgsdPe7WShTyOgoXXg8M%2FVectis JLP Navigator Vault - Whitepaper.pdf?alt=media\&token=2d922cba-78f5-4800-9e13-c103959f4f58](https://1798074314-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtHoaCyK7q5YoYK7yfvQ4%2Fuploads%2FNgsdPe7WShTyOgoXXg8M%2FVectis%20JLP%20Navigator%20Vault%20-%20Whitepaper.pdf?alt=media\&token=2d922cba-78f5-4800-9e13-c103959f4f58) # UltraX Arbitrage #### Background Over the past year, we launched a funding rate arbitrage vault spanning Backpack and Drift / Hyperliquid, designed to capture real yield alongside potential TGE points. At its peak, the vault delivered up to 62.94% 7D APY. However, funding rate inefficiencies are often episodic and venue-constrained, leading to volatile and inconsistent yield performance over time. These limitations highlighted a clear opportunity to build something more robust, scalable, and adaptive to market dynamics. This is why the UltraX Arbitrage Vault was born.
#### Core Strategy Design **1. Arbitrage Trading** The UltraX Vault is designed to capture funding rate and basis arbitrage opportunities across multiple perpetual DEXs, rather than being constrained to a single venue or a fixed exchange pair. Vectis has spent an extended period developing this vault which could continuously scans multiple exchanges to capture both price dislocations and funding rate spreads across venues, enabling the strategy to systematically exploit inefficiencies that arise in a fragmented on-chain derivatives market. **2. Collateral Rebalancing** Vecits continuously monitor the free collateral and margin health of every exchange account in use. As the UltraX trades perpetual futures, effective collateral management is critical to maintaining system stability and avoiding liquidation risk. When collateral on any exchange falls below our internal safety threshold, capital is automatically reallocated from other venues with excess buffer. This ensures that positions remain well-collateralized at all times, even during periods of heightened volatility or rapid funding changes. **3. Capital Allocation** Capital is dynamically allocated across exchanges based on opportunity strength and operational requirements, rather than being statically assigned. Allocation decisions consider funding rates, price spreads, liquidity conditions, and collateral needs on each venue. This dynamic allocation framework allows the vault to remain flexible, maximize capital efficiency, and continuously route funds toward exchanges offering the most attractive risk-adjusted arbitrage opportunities. #### Risk Management System Vectis have built a robust, real-time risk management system that continuously monitors both open positions and equity changes across all integrated exchanges. This system is designed to remain responsive even during periods of extreme market volatility or rapid market drawdowns. In addition to automated safeguards, our internal monitoring framework actively tracks unexpected exchange-level events, including scenarios such as auto-deleveraging (ADL), abnormal funding behavior, or execution anomalies. Plus, all assets are secured via Cobo MPC custody, providing robust key management, withdrawal controls, and operational security. #### Fees The UltraX Vault applies the following fees to support ongoing operation and institutional-grade custody: Performance Fee: 20%, charged only on net profits Management Fee: 2% annually, based on total assets under management Withdrawal Fee: 0.3% per withdrawal #### Incentives & Airdrop Capture Perp DEX ecosystems frequently reward active traders and liquidity providers through points programs and airdrops. These incentives often represent a meaningful but underappreciated return component. UltraX is structured so that 100% of perp DEX airdrop points earned by the vault are distributed to depositors, allocated pro-rata based on both deposit size and time in the vault. This ensures that users, not the strategy operator, fully benefit from ecosystem incentives generated by their capital. #### What’s Next UltraX is currently in Phase 1, focusing on dynamically allocating capital across multiple perpetual DEXs, including **Aster, Lighter, Hyperliquid, and Drift.** By expanding the opportunity set, the vault remains productive even when arbitrage spreads on any single venue compress. Backtests indicate \~20% returns, reflecting improved stability, consistency, and capital efficiency compared to single-venue strategies. Phase 2 will further enhance the strategy by integrating additional pre-TGE venues, such as GRVT and Extended, enabling users to earn sustainable yield while accumulating protocol points. Phase 2 is planned for February 2026. # DriftPack Arbitrage ### Background In the world of DeFi, opportunities are abundant — but so are complexities. From complicated yield farming setups to risky high-leverage trading, even experienced users face barriers to earning stable, on-chain returns. Funding rate arbitrage is one of crypto’s most reliable passive yield strategies. But for retail yield farmers, it’s been largely inaccessible. Why? Manual execution, poor inventory management, liquidation risk, high slippage, and no unified interface make it difficult for everyday users to benefit — especially when trying to manage both decentralized and centralized platforms. Adding to that, Backpack’s massive Season 1 airdrop campaign has driven volume to new highs — but airdrop farming effectively requires both time and know-how that most users simply don’t have. *** ### **The Opportunity** By closely observing market dynamics, we identified a consistent and compelling arbitrage opportunity: * **Backpack**, a regulated and rapidly growing exchange founded by former FTX executives, attracts a different profile of traders, including professional CEX participants and airdrop hunters. This mix, combined with the ongoing **10-week airdrop campaign**, has created a distinct funding structure. * **Drift**, a leading decentralized perpetual futures DEX on Solana, primarily attracts DeFi traders and quantitative hedging teams using the JLP strategy. This diverse trading base creates a unique funding rate environment, influenced by the more risk-managed strategies of these sophisticated traders. The result? A **wide funding rate spread** that can be captured passively — with estimated yields reaching **20%+ APR**. And this doesn’t even include the potential upside from accumulating Backpack points and eventual airdrop exposure. *** ### **Why Drift and Backpack?** #### **Drift Protocol** Drift is Solana’s premier decentralized perpetuals exchange, offering up to **50x leverage** and built on a hybrid model combining a **decentralized AMM (DAMM)** with a **central limit order book (DLOB)**. This architecture delivers deep liquidity, low slippage, and high execution speed — all on-chain. Drift is designed for advanced trading while retaining transparency and self-custody. **Vectis brings deep expertise in trading on Drift**, having spent nearly a year operating a live **JLP hedging strategy** that actively managed funding rate dynamics, slippage optimization, and inventory rebalancing on the platform. This hands-on experience forms the foundation of our new arbitrage vault design — letting us build with confidence, precision, and deep understanding of Drift’s execution layer. #### **Backpack Exchange** Backpack is more than just an exchange — it’s a **post-FTX vision for security and compliance**. Led by FTX’s former legal chief Can Sun and built by the Coral team (creators of the Backpack wallet), Backpack secured a **regulated license in Dubai**, acquired **FTX Europe**, and offers unique features like auto-lend, subaccount risk isolation, and fiat withdrawal via USD bank wires. In early 2025, Backpack launched its **Season 1 airdrop points program**, rewarding users for trading across spot, perps, and lending markets. This has brought in massive volume — with **SOL perps alone exceeding $150M daily**, creating an ideal environment for arbitrage. *** ### **How It Works** The Vectis vault leverages a single strategy that automatically allocates capital between Drift and Backpack. As a depositor, you simply stake USDC or SOL into the vault. Behind the scenes, the vault opens and manages positions across both platforms — **dynamically optimizing for funding rate spreads**, open interest, price divergence, and volume trends. Key assets traded include **SOL, ETH, and BTC**, with up to **5x leverage**, adjusted in real-time through automated rebalancing logic. Withdrawals are available with a 48-hour buffer, allowing for smooth deleveraging and minimizing slippage risk. All **Backpack airdrop points** generated by the strategy are **passed back to vault users**, and once the airdrop is live, rewards will be **proportionally distributed**. *** ### **Why Vectis?** At Vectis, we’ve spent the past year building and deploying advanced trading strategies on Solana — including **JLP hedging vaults** on Drift. We’re deeply familiar with its execution model and funding behavior, giving us a clear edge in deploying cross-platform arbitrage. This strategy is built on **Voltr**, a decentralized Solana-native vault framework that ensures **non-custodial fund management** with **full transparency**. Users always maintain visibility into share price, account equity, and platform-level balances. Additionally, we will distribute all **Backpack and Drift Airdrops** to our users, further enhancing the value proposition of our vault strategies. *** ### **Launch Details** The Vectis Funding Rate Arbitrage Vault is now **live**. * **Deposits** accepted in USDC * **Leverage:** Up to 5x, fully automated * **Yield target:** 20%+ APR from funding rate spreads, including additional yield from Drift and Backpack airdrop incentives. * **Airdrops:** 100% of Backpack and Drift points go to vault users (*Please note: Point totals shown on Vectis website may be subject to adjustment based on time-weighted deposit calculations.)* * **Fees:** 0% on deposit/withdraw, transparent 2/20 fee structure * **Withdrawals:** Processed within 48 hours to allow safe rebalancing > All trading rewards earned from Backpack will be credited directly to the vault and distributed proportionally among all depositors. # Insurance Vault The **Vectis Insurance Fund** enhances security and efficiency for covered vaults while maximizing depositor returns. Using a **JLP delta-neutral strategy**, the fund generates stable yields and mitigates market risk. With **0% performance fees**, depositors enjoy a cost-effective way to earn yield while providing risk protection. Deposited JLP is used as collateral to open **hedged short positions**, neutralizing exposure to **SOL, ETH, and BTC**. This ensures that market fluctuations do not impact depositor returns, making it an ideal option for risk-averse investors. To maintain sustainable risk management, the fund is **capped at $500K**, making early participation essential for those looking to maximize benefits. ### **Key Features** #### **1. Enhanced Yield with Zero Performance Fees** The **Insurance Fund** employs a **JLP delta-neutral strategy** to generate stable, risk-adjusted returns. By **neutralizing exposure** to SOL, ETH, and BTC price movements, the fund ensures predictable earnings. With **0% performance fees**, all profits are distributed directly to depositors, ensuring maximum yield potential with no hidden costs. #### **2. Protection for JLP Navigator II Strategy** The fund is **specifically designed to cover the JLP Navigator II vault**, absorbing **losses exceeding a 5% drawdown threshold**. This additional layer of protection ensures that depositors’ funds remain safeguarded during unexpected market downturns. #### **3. $500K Cap for Sustainable Risk Management** The fund is capped at **$500K** to maintain long-term capital efficiency and risk sustainability. **Early participation** is recommended to secure a position in the fund and fully benefit from its protection and yield potential. #### **4. Hedged Strategy for Risk-Averse Users** Deposited JLP is used to **collateralize hedged short positions**, effectively **neutralizing exposure** to SOL, ETH, and BTC. This ensures depositor returns remain **unaffected by price volatility**, making it an attractive choice for **conservative investors** seeking stability. ### **Withdrawal Terms & Fees** #### **Redemption Period** • Withdrawals are subject to a **2-day redemption period**. • While withdrawal requests can be made at any time, funds become available only **after 48 hours**. • Any **profits accrued during the redemption window will not be credited** and will be forfeited. **Performance Fee** • **0% performance fee**—all profits generated by the **JLP delta-neutral strategy** go directly to depositors. • By eliminating fees, the fund maximizes user returns, ensuring full participation in its **yield-generation process**. ### **Risks** Despite its strong risk-mitigation mechanisms, the **Insurance Fund** is subject to several potential risks: 1. **Fund Coverage Risk** – If **JLP Navigator II** experiences a **drawdown exceeding 5%**, the Insurance Fund absorbs the loss. However, **a severe, prolonged downturn** could deplete reserves, impacting overall fund performance. 2. **Smart Contract Risk** – The fund interacts with **Jupiter and Drift**, both of which have undergone security audits. However, **smart contract vulnerabilities** remain a potential risk factor. 3. **Hedging Risk** – The **delta-neutral approach** is actively managed to minimize price exposure, but **extreme market volatility** in SOL, ETH, or BTC could affect **hedging precision**, leading to **potential unanticipated losses**. ### **Why Choose the Vectis Insurance Fund?** ✔ **Risk-mitigated yield generation** – Delta-neutral strategy ensures **stable returns**. ✔ **0% performance fees** ensure full yield distribution. # Allora AI Edge Vault ### **🔍 Overview** We’re thrilled to launch the **Allora AI Trading Strategy**—a cutting-edge trading solution on Vectis powered by **decentralized AI price forecasts** from the Allora Network. This strategy blends **predictive intelligence, dynamic allocation**, and **context-aware hedging** to deliver **risk-adjusted returns** with **minimal drawdowns**. At the heart of this strategy lies **Allora’s predictive price feed**: a real-time, AI-synthesized signal generated through collaboration among multiple specialized models. Unlike centralized prediction systems, Allora’s decentralized architecture fosters **continuous model refinement**, leading to better-informed trades that evolve alongside the market. *** ### **🧠 Why Allora AI Matters** The **Allora Network** reimagines what predictive modeling can do by making it **open, collaborative, and reward-driven**. Instead of relying on a single model, Allora leverages **multiple AI agents**, each learning from others’ successes and failures to generate more reliable predictions over time. * **Collective Intelligence**: Every model improves through feedback from others * **Adaptive Forecasting**: Adjusts to new market conditions in real-time * **Incentivized Accuracy**: Models are rewarded for contributing high-quality signals This results in a **smarter, more resilient predictive engine**—one that feeds directly into the trading strategy you now have access to. **Reference:** *** ### **⚙️ Strategy Logic** At the core of the **Allora AI Trading Strategy** is a comparison between the **Predicted Price (8-hour forecast)** from Allora and the **current Oracle Price** (e.g., Drift mid-price). When the percentage difference between these two prices crosses key thresholds, the strategy takes a **long or short position**, with **order sizes dynamically adjusted based on your portfolio value**. **When Allora’s predicted price is significantly higher than the current market price, the strategy interprets this as a bullish signal and enters a long position; conversely, if the predicted price is much lower, it opens a short.** #### **📐 Dynamic Position Sizing Based on Portfolio** Instead of fixed amounts, the strategy allocates capital using the following formula: > Order Size in SOL = Vault Balance ÷ SOL Price × 2% This means only **2% of your active capital** is used for each base trade. The system dynamically scales this size based on signal strength: | **Price Difference (Absolute)** | **Position Multiplier** | **Total Allocation** | | ------------------------------- | ----------------------- | -------------------- | | > 1% | 1× | 2% of portfolio | | > 3% | 2× | 4% of portfolio | Depending on whether the predicted price is above or below the Oracle price, the system goes **long or short** accordingly. {% hint style="info" %} All parameters, including threshold and order size, may change based on market conditions and updates to the AI prediction model. {% endhint %} #### **🧠 How It Works: Step-by-Step Example** Let’s break it down with a real-world scenario: *** ✅ **Scenario 1: Long Signal (Bullish)** * **Vault Balance**: $10,000 * **Current SOL Price**: $100 * **Allora Predicted Price** (8h forecast): $101 * **Price Difference**: **+1%** **Action Taken**: * The predicted price is **1% higher** than the market → bullish signal. * Strategy opens a **long position** of: 10,000 / 100 \* 2% = 2 SOL If the predicted price rises to **$103** (+3%), the signal strengthens: * New position size becomes: 10,000 / 100 \* 4% = 4 SOL The strategy automatically **increases the position** to match signal confidence. *** 🔻 **Scenario 2: Short Signal (Bearish)** * **Vault Balance**: $10,000 * **Current SOL Price**: $100 * **Allora Predicted Price**: $97 * **Price Difference**: **−3%** **Action Taken**: * The predicted price is **3% lower** than the market → bearish signal. * Strategy opens a **short position** of: 10,000 / 100 \* 4% = 4 SOL The stronger the deviation between predicted and market price, the **larger the exposure**, up to a capped maximum of **4% of the vault per position**. *** #### **🔁 Auto Adjustment in Real Time** As the price difference narrows or reverses: * The strategy will **scale down** the position proportionally (e.g., from 4 SOL to 2 SOL) * If the signal **crosses over** in the opposite direction, it will **close the existing position and reverse it** (e.g., from long 2 SOL to short 2 SOL) This allows the system to stay nimble and continuously **recalibrate based on live signals** from the Allora network. *** #### **🛡 Built-In Risk Protection** Each trade is protected by a **2% stop-loss**, calculated from the position’s entry price. If the market moves against the trade by this margin, the strategy **automatically exits the position** to minimize losses. Additionally, **all open positions are force-closed every 8 hours**, regardless of performance, to align with the update cycle of Allora’s predictive models. This keeps the system focused on **short-term, high-confidence signals**, while limiting unforecasted risk. *** This dynamic sizing framework makes the strategy highly adaptive—capable of responding to subtle shifts in market momentum without overexposing user capital. It’s a smarter, leaner way to trade with predictive intelligence at its core. *** #### **🔁 Position Adjustments** As the price difference fluctuates across thresholds, the system: * **Increases or decreases** the position size proportionally * **Reverses** position direction when the signal flips * **Realigns allocation** every 8 hours or when conditions change The system **adjusts position sizes** as the gap changes, increasing or decreasing exposure proportionally. If the signal reverses direction, the strategy **automatically flips the position** to reflect the new market stance. #### **⏱ Time-Based Exit** Positions are exited every **8 hours**, ensuring alignment with Allora’s rolling prediction cadence and minimizing unforecasted exposure. #### **🛡 Stop-Loss Mechanism** To manage downside risk: * A **2% stop-loss** is applied relative to the entry price * The system checks every minute and cancels stop-losses if the position is closed *** ### **📈 AI-Optimized Trade Execution** This strategy is engineered to be: * **Emotion-Free**: Trades are driven purely by signals, not sentiment * **Scalable**: Positions scale up or down automatically based on confidence * **Adaptive**: Dynamic hedging is applied when volatility rises * **Fast**: Positions are opened and closed within fixed timeframes to reflect the latest predictions Allora’s **Context-Aware Inference** makes the strategy smarter over time—by predicting not only prices, but also which models will perform best in different market conditions. *** ### **💰 Yield That Learns** Allora AI doesn’t just follow the market—it **learns from it**. The strategy evolves through continuous performance feedback, enabling smarter, more nuanced position-taking over time. While past performance can’t be backtested due to Allora’s **novel predictive infrastructure**, all trading logic is transparent and driven by data. This also means the yield is **flexible**—adjusting with market conditions and model confidence in real time. *** ### **🏦 How to Join** * **Deposit Asset**: USDC * **Redemption Period**: 1 day (24h withdrawal delay) * **Performance Fee**: 25% on profits only, no management fee * **Minimum Capital**: 100 USDC > If there’s no profit, there’s no fee. We win when you do. *** ### **⚠️ Risks to Know** While the strategy is designed for **low drawdowns**, market volatility, signal failure, or slippage may still result in losses. In particular: * **Allora’s prediction models are still evolving** * **Execution latency or liquidity gaps** may reduce edge * **No guarantee of returns** despite historical signal strength We encourage all users to **evaluate risks carefully** before allocating capital. *** ### **📌 Final Thoughts** The **Allora AI Trading Strategy** represents a powerful fusion of **decentralized AI**, **automated trading logic**, and **risk-managed execution**. It’s built for traders who want more than just passive exposure—they want **predictive intelligence that adapts** and **performs**. Welcome to the future of trading. **Smarter signals. Leaner drawdowns. Dynamic gains.** *** Ready to get started? [👉 Invest Strategy on Vectis](https://www.vectis.finance/vault/allora) # dSOL Anchor Vault (Coming Soon) The **dSOL Anchor Vault** is designed for SOL holders seeking to amplify their staking yields while maintaining their SOL exposure. This innovative product combines delta-neutral hedging, leveraged yield optimization, and dynamic risk management to deliver consistently high returns. By utilizing dSOL, a liquid staking token, the vault ensures that users benefit from staking rewards, funding rates, and efficient cost management—all without taking on additional price risks.
## **Key Features** #### **1. Amplified Yield with Retained SOL Exposure** The dSOL Anchor Vault allows SOL depositors to maximize their yields without altering their exposure to SOL’s price movements. * **Mechanism**: Deposited SOL is converted into dSOL, leveraging its staking yields while simultaneously hedging against any additional borrowed SOL. * **Result**: Users retain their original SOL exposure while benefiting from leveraged staking yields and funding rates.
#### **2. Dynamic Leverage Optimization** The vault employs a **dynamic leverage mechanism** to optimize yield while minimizing costs. * **Leverage Application**: Leverage is increased up to **3x** when the combined 3-day average of staking yields and funding rates exceeds borrowing costs by **15%**. * **Risk Management**: If yields drop below this threshold, the vault automatically deleverages to ensure profitability and minimize exposure to borrowing costs.
#### **3. Dual-Layer Yield** The vault generates returns through two primary sources: * **dSOL Yield**: Earned from staking SOL via dSOL, leveraging its high LST rewards. * **Funding Rates**: Positive funding rates on short positions create an additional APR layer, historically averaging **\~45%**. Together, these yield sources work synergistically to deliver consistent, high-performance returns for SOL depositors.
#### **4. FUEL Airdrops from Drift** Here’s an exciting bonus: by using dSOL from Drift, the Anchor Vault participates in Drift’s **FUEL points system**, which tracks user activity and rewards loyal users. The leverage and staking activities in the vault help accumulate these points, potentially transforming into valuable airdrops. Once distributed, these rewards will be shared with depositors, adding another layer of profitability to the strategy.

Source: https://app.drift.trade/fuel

## **How It Works** 1. **Deposit**: Users deposit SOL into the vault. 2. **Conversion**: The SOL is converted into dSOL via Jupiter Exchange. 3. **Leveraged Collateralization**: The dSOL is used as collateral to borrow additional SOL on Drift. 4. **Hedging**: Borrowed SOL is shorted to hedge against price volatility. 5. **Yield Generation**: * **Staking Rewards**: Earned from dSOL’s staking mechanism. * **Funding Rates**: Received from the short positions on SOL debt. This dual-layered approach ensures that users benefit from optimized yields without exposing themselves to additional price risks.
## **Risk Management** #### Borrowing Rate Management The dSOL Anchor Vault actively monitors borrowing rates for USDC and USDS to dynamically adjust leverage, ensuring a net positive yield. Historically, USDC borrowing rates average around 40%. When borrowing costs increase due to high utilization rates, the vault automatically reduces leverage to minimize interest expenses.

Source: https://metrics.drift.trade/d/HzSoFLOVz/deposits-and-borrows?orgId=1&refresh=30s&viewPanel=733&from=1731219100273&to=1733811100273

#### **Dynamic Leverage Adjustment** The vault’s leverage strategy ensures that it remains profitable under varying market conditions. Leverage is applied only when yields outweigh costs, reducing exposure during unfavorable market scenarios. #### **Delta-Neutral Hedging** By hedging borrowed SOL entirely, the strategy ensures users maintain their initial SOL exposure while mitigating risks associated with market volatility. ## **Fees** The vault charges a **30% performance fee**, applied only to profits generated by the strategy. There are no additional fees for deposits, withdrawals, or staking rewards, ensuring that users only pay when they earn. ## **Withdrawal Terms** Withdrawals from the dSOL Anchor Vault are subject to a **1-day redemption period**. While funds can be requested anytime, they become available after 24 hours. Any profits accrued during the redemption period are not credited, providing clarity and fairness. ## **Why Choose dSOL Anchor Vault?** * **Optimized Yield**: Leverages dSOL’s staking rewards and funding rates for maximum returns. * **Risk Mitigation**: Delta-neutral hedging ensures SOL price stability. * **Ease of Use**: Fully automated strategies with no manual management required. * **Proven Security**: Operates on audited platforms with additional risk monitoring. The **dSOL Anchor Vault** offers a cutting-edge solution for SOL holders looking to optimize their staking yields. Whether you’re a seasoned DeFi investor or new to yield farming, this vault delivers robust returns with minimal risk, making it a standout choice in the DeFi landscape. # Drift FuelFlow Vault (Deprecated) ## Overview Drift FuelFlow is a structured investment strategy engineered to optimize rewards from Drift's **FUEL program** through **sophisticated hedging techniques, dynamic leverage deployment, and capital-efficient trading methodologies**. By strategically managing risk and leveraging yield-generating mechanisms, this portfolio ensures consistent accumulation of **FUEL points while mitigating exposure to market volatility**. With Drift allocating up to **78.2 million DRIFT tokens (valued at approximately $50M USD)** to the FUEL Fund for incentivizing active participants, this strategy is designed to systematically capture and maximize these incentives. Through **strategic exposure calibration**, the approach captures FUEL rewards across multiple activities, including **perpetual trading, staking, and leveraged lending**, while ensuring **minimal drawdowns**. By maintaining a meticulously structured risk framework, it enables **sustained participation without excessive volatility or significant capital impairment**, ensuring **stable yield generation while preserving principal capital**. ## Importance of Drift Fuel The **Drift FUEL program** represents a transformative incentive mechanism for traders and liquidity providers, fostering sustainable growth and engagement within the ecosystem. As one of the **top 10 protocols on Solana by TVL** and a **top 3 perpetual DEX on Solana by trading volume**, Drift has established itself as a leading player in decentralized derivatives markets. With **up to 7.82% of the total DRIFT supply allocated to Fuel points holders**, the program directly incentivizes users contributing to the protocol’s liquidity, trading volume, and governance participation. The **FUEL Fund’s initial 8.2 million DRIFT allocation** serves as a foundational reserve for further expansion, with additional allocations subject to governance approvals. The **milestone-based incentive framework and equitable linear distribution model** ensure a progressively increasing rewards structure that scales with ecosystem engagement. With FUEL rewards structured to extend through **June 2025**, participation in the program presents a strategic opportunity for traders to maximize earnings while reinforcing Drift’s long-term adoption and network effects. Drift Proposal: Voting Result: ## Core Features ### Optimized Capital Allocation for Superior Yield The Drift Fuel Farming Maxi strategy maximizes FUEL rewards by **borrowing SOL to acquire dSOL and AUSD**, both of which benefit from Drift’s 5 FUEL points per $1 deposited over a 28-day period. This approach ensures optimal point accumulation while maintaining a structured risk framework. Borrowed SOL is deployed into two distinct yet complementary strategies. The first involves converting SOL into dSOL, capitalizing on staking rewards while maintaining full exposure to FUEL incentives. The second strategy uses borrowed SOL to purchase AUSD, with a corresponding SOLPERP long hedge neutralizing directional risk and securing yield stability. By balancing these allocations, the strategy enhances reward efficiency while minimizing exposure to price volatility. ### Hedging Framework for Risk-Adjusted Returns Risk management is embedded in the strategy’s design to ensure sustainable yield while optimizing capital efficiency. The **dSOL accumulation mechanism does not require hedging, as dSOL maintains near-total price correlation with SOL**. This allows for staking rewards and maximized FUEL accumulation without introducing additional risk. **In contrast, the AUSD strategy employs a delta-neutral hedge through a SOLPERP long**, effectively eliminating market-driven drawdowns while preserving its reward-generating potential. Automated rebalancing ensures that the hedge remains aligned with the underlying position, preventing excessive exposure during volatile market conditions. By maintaining a structured balance between these two strategies, the portfolio benefits from both staking yield and stable borrowing incentives without unnecessary directional risk. ### Leverage Utilization for Enhanced Capital Efficiency By utilizing smart leverage, the strategy amplifies returns without excessive liquidation risks. AUSD looping achieves up to 2x leverage, compounding stablecoin yields, while dSOL staking cycles leverage SOL up to 2.5x, maximizing staking rewards. The strategy continuously monitors collateral health and liquidation levels, ensuring sustainable leverage deployment that enhances yield without exposing users to unnecessary liquidation risks. ## Strategy Execution Mechanism Our strategy maximizes Drift Fuel point accumulation while mitigating market risk through a structured, capital-efficient approach. It is built on two core components: **leveraged AUSD accumulation with a delta-neutral hedge and dSOL staking via SOL borrowing**, both of which benefit from Drift’s 5 FUEL points per $1 deposited over a 28-day period. The first component focuses on **leveraged AUSD accumulation while maintaining a delta-neutral hedge**. Borrowed SOL is used to acquire AUSD, which is then used as collateral to borrow additional SOL, compounding deposits and maximizing FUEL rewards. To neutralize market exposure, a SOLPERP long hedge ensures that price fluctuations do not impact the position. Automated monitoring maintains the hedge’s balance, dynamically adjusting exposure as needed to safeguard against adverse price movements. This structured approach enables **capital-efficient fuel farming while eliminating directional risk.** The second component involves **borrowing SOL to acquire dSOL**, capitalizing on staking rewards and FUEL multipliers. Since dSOL maintains near-total price correlation with SOL, no additional hedging is required. This strategy compounds staking yield while ensuring a controlled borrowing-to-collateral ratio, reducing the risk of liquidation. By efficiently leveraging SOL borrowing, it enhances FUEL accumulation without exposing the portfolio to unnecessary risk. Together, these two complementary strategies maximize Drift Fuel rewards while maintaining **structured risk management and sustainable capital efficiency**. {% hint style="warning" %} **Please note that our strategy is subject to change in response to any updates or modifications to Drift’s Fuel Distribution policies. Since the effectiveness of both leveraged AUSD accumulation and dSOL staking is closely tied to the current Fuel reward structure—particularly the 5 FUEL points per $1 deposited over a 28-day period—any adjustments to reward rates, qualifying assets, or calculation methodologies may impact the strategy’s capital efficiency and risk-reward profile. As such, we continuously monitor protocol-level changes and will adapt our approach as needed to maintain optimal performance and alignment with Drift’s incentive framework.** {% endhint %} ## Withdrawal Policy & Fee Structure ### Redemption Process Investors are subject to a **1-day redemption period** upon withdrawal request. Withdrawals may be initiated at any time, but **funds become available only after a 24-hour processing period**. Any yield accrued during this period is not distributed to the withdrawing participant. ### Fee Structure A 5% annualized management fee is applied on a pro-rata basis to cover operational expenses, fuel point distribution, and strategy execution costs. Notably, there is **no performance-based fee**, ensuring that **100% of Drift Fuel Airdrops remains with the investor**. This fee structure aligns interests between Vectis and depositors, fostering a transparent and efficient investment process. ## Risk Considerations While the strategy is meticulously designed to optimize risk-adjusted returns, several inherent risks must be considered: * **Smart Contract Security Risks**: Despite rigorous security audits, vulnerabilities in Drift’s smart contracts remain a potential risk factor. * **Market Volatility & Liquidity Risks**: Although hedged, extreme market dislocations may temporarily impact **hedging efficiency and position liquidity**. * **Asset Depreciation Risks**: AUSD depegging or dSOL valuation volatility could affect capital efficiency and yield generation. * **Operational & Execution Risks**: Unexpected market conditions or **liquidity constraints** may impact the precision of **automated rebalancing mechanisms**. To mitigate these risks, the strategy employs **real-time monitoring, automated rebalancing, and strict collateral health thresholds**, ensuring the **highest standards of capital preservation and risk-adjusted performance optimization**. {% hint style="info" %} This vault has been deprecated following the conclusion of Drift’s FUEL airdrop program at the end of May 2025. With the incentive program now closed, all strategy operations have been wound down, and participants are advised to withdraw remaining funds for redeployment into other active opportunities. {% endhint %} # Drift FuelGrid Vault (Deprecated) ## Overview Drift Fuel Grid is a structured trading strategy engineered to optimize rewards from Drift's **FUEL program** by leveraging **grid trading techniques, volume-maximizing execution, and systematic profit-taking**. Through **automated buy and sell orders across predefined price levels**, this strategy ensures continuous capital rotation, accumulating **FUEL points while capitalizing on market price fluctuations**. By utilizing **strategic grid deployment**, the approach captures **profit from price spreads while maximizing trading volume** to align with Drift’s incentive model. With Drift allocating up to **78.2 million DRIFT tokens (valued at approximately $50M USD)** to the FUEL Fund to incentivize active participants, this strategy is specifically designed to **capture and maximize these incentives through high-frequency trading while maintaining risk-adjusted capital efficiency**. ## Importance of Drift Fuel The **Drift FUEL program** is an incentive framework designed to reward traders and liquidity providers, driving sustainable growth and engagement within the ecosystem. As one of the **top 10 protocols on Solana by TVL** and a **top 3 perpetual DEX on Solana by trading volume**, Drift has solidified itself as a key player in decentralized derivatives markets. With **up to 7.82% of the total DRIFT supply allocated to Fuel points holders**, the program directly incentivizes users contributing to the protocol’s liquidity, trading volume, and governance participation. The **FUEL Fund’s initial 8.2 million DRIFT allocation** acts as a foundational reserve, with additional allocations subject to governance approvals. The **milestone-based incentive framework and equitable linear distribution model** ensure that rewards scale proportionally with trading activity and liquidity engagement. Given that **FUEL rewards are structured to extend through June 2025**, participation in this program offers traders a unique opportunity to **maximize earnings through structured trading while supporting Drift’s long-term adoption and network effects**. Drift Proposal: Voting Result: ## Core Features ### Automated Grid Trading for Optimized Volume & Profit Capture Drift Fuel Grid utilizes a **high-frequency, automated grid trading strategy** that systematically places buy and sell orders across a predefined price range. This ensures that capital is always **working efficiently, capturing profit from price volatility** while simultaneously generating **consistent trading volume to maximize FUEL rewards**. The strategy benefits from: * **Dynamic grid spacing** that adjusts to market conditions. * **Smart capital allocation** to optimize grid density and execution efficiency. * **Continuous compounding** as realized profits are reinvested. ### Capital-Efficient Trading & Risk Management Unlike directional trading strategies, grid trading is designed to **profit from market oscillations** rather than relying on a single price trend. The **Drift Fuel Grid strategy enhances capital efficiency** through: * **Adaptive order sizing** to maintain a balanced position across the price range. * **Integrated stop-loss mechanisms** to mitigate extreme volatility risks. * **Real-time portfolio monitoring** for dynamic adjustments in volatile conditions. ### **User-Defined Grid Parameters for Customization** The **Drift Fuel Grid strategy** offers **customizable grid trading parameters**, allowing users to tailor their approach based on individual **risk preferences and market outlook**. Participants can define key parameters, including **market selection (e.g., SOL-PERP), upper and lower price boundaries (e.g., $240 and $130, respectively), grid levels (e.g., 110), and order size (e.g., 0.1 per trade)**. Additionally, users can specify a **customized neutral price**, enabling greater flexibility in setting the midpoint of their grid for optimized execution. A key distinction from **traditional grid trading** is the **initial positioning mechanism with Neutral Price adjustment**. At the outset, the system places a **long or short order based on the difference between the Neutral Price and the current market price**. Once this initial order is executed, the strategy systematically populates the **grid with corresponding buy and sell orders**, ensuring seamless execution within the predefined price range. ### FUEL Farming Optimization The **primary objective** of the Drift Fuel Grid strategy is to **maximize FUEL point farming efficiency** through continuous trading activity. By ensuring a **high frequency of order execution**, the strategy accumulates **FUEL points at an accelerated rate**, securing an advantageous position in the incentive distribution. ## Strategy Execution Mechanism The Drift Fuel Grid strategy is structured around **three interconnected execution components**: 1. **Grid Trading Deployment**: A **predefined price grid** is established, with buy and sell orders spaced systematically to ensure continuous trading activity. 2. **Profit-Taking & Rebalancing**: Profits from price spreads are **automatically reinvested**, adjusting grid levels to optimize future executions. 3. **FUEL Reward Maximization**: By maintaining **consistent trade volume**, the strategy ensures **maximum FUEL accumulation** without exposing capital to unnecessary directional risk. ## Eligibility, Withdrawal Policy & Fee Structure ### Eligibility & Application Process Participation in the Drift Fuel Grid strategy is **exclusive to high-net-worth investors**. The **minimum investment threshold is $100,000**, and **investors must apply before joining**. This ensures that capital is efficiently allocated to **optimize strategy performance and maintain execution integrity**. ### Redemption Process Withdrawals require a **1-day redemption period** upon request. Investors may initiate a withdrawal at any time, but funds will only become available **after a 24-hour processing period**. Yield accrued during this period is **not distributed to the withdrawing participant**. ### Fee Structure A **5% annualized management fee** is applied on a pro-rata basis to cover **operational costs, trading execution, and strategy optimization**. There is **no performance-based fee**, ensuring that investors **retain 100% of their earned DRIFT FUEL rewards**. ## Risk Considerations While the strategy is **designed for risk-adjusted performance**, several inherent risks must be considered: * **Smart Contract Security Risks**: Despite thorough audits, vulnerabilities in Drift’s smart contracts remain a potential risk. * **Market Volatility & Liquidity Risks**: While the grid strategy mitigates exposure, extreme market dislocations can impact order execution. * **Spread & Slippage Risks**: In periods of low liquidity, spreads may widen, affecting execution efficiency. * **Operational & Execution Risks**: Unforeseen conditions such as **exchange downtimes or order execution delays** may impact performance. To manage these risks, the strategy employs **real-time execution monitoring, automated trade rebalancing, and strict capital preservation safeguards**, ensuring **sustainable yield generation and long-term capital efficiency**. {% hint style="info" %} This vault has been deprecated following the conclusion of Drift’s FUEL airdrop program at the end of May 2025. With the incentive program now closed, all strategy operations have been wound down, and participants are advised to withdraw remaining funds for redeployment into other active opportunities. {% endhint %} # LST Compass Vault (Deprecated) The **LST Compass Vault** offers USDC depositors an innovative way to achieve boosted yields while maintaining no price exposure. By leveraging a diversified basket of Solana Liquid Staking Tokens (LSTs) and employing delta-neutral hedging strategies, the vault ensures stable, optimized returns.
## **Key Features** #### **1. Delta-Neutral Yield Strategy** The vault eliminates SOL price exposure by fully hedging all SOL positions. * **Mechanism**: Converts USDC deposits into SOL LSTs, loop and leverage the LST position, and hedges the entire SOL exposure through short positions on Drift * **Result**: Users enjoy the benefits of leveraged staking rewards and funding rates without being affected by SOL price volatility. #### **2. Diversified Portfolio** The vault optimizes yield generation and enhances risk management through a diversified approach to both SOL Liquid Staking Tokens (LSTs) and stablecoin debt. * **LST Composition**:\ A basket of SOL LSTs is held to maximize yield performance while spreading risk across multiple LST assets (dSOL, INF, and jitoSOL). This reduces the dependency on any single LST's performance. * **Debt Composition**:\ Borrowed stablecoins consist of a diversified basket, including USDC, USDS, and PYUSD. This lowers the overall borrowing cost for the strategy while mitigating risks associated with individual stablecoins. * **Dynamic Portfolio Adjustments**:\ The vault continuously monitors and adjusts the distribution ratios within both the LST and stablecoin baskets. It actively reallocates to the best-performing LSTs while borrowing against the lowest-cost stablecoin, ensuring optimal returns and cost efficiency. * **Future Expansion**:\ Plans are underway to integrate additional high-performing SOL LSTs and further diversify the portfolio to improve yield potential and minimize risk exposure. #### **3. Dynamic Leverage Mechanism** The vault actively monitors staking yields, funding rates, and borrowing costs to dynamically adjust leverage. * **Leverage Application**: Increases leverage up to **3x** when combined yields exceed borrowing costs by **15%**. * **Risk Management**: Reduces leverage during unfavorable conditions to maintain profitability and minimize exposure to borrowing costs. #### **4. Additional Airdrop Rewards** By integrating with platforms like Drift, Jupiter, and Sanctum, the vault captures potential airdrops. * **Benefit**: Rewards from collaborations and protocols are redistributed to users, adding an extra layer of yield on top of staking and funding rates. ## **How It Works** 1. **Deposit**: Users deposit USDC into the vault. 2. **Conversion**: The USDC is swapped into a diversified basket of SOL LSTs using Jupiter. 3. **Collateralization**: The acquired LSTs are used as collateral to borrow additional USDC on Drift. 4. **Reinvestment**: The borrowed USDC is swapped back into more SOL LSTs via Jupiter. 5. **Hedging**: The vault opens short positions on SOL to hedge the entire SOL exposure, achieving delta neutrality. Through this mechanism, users benefit from: * **Staking Rewards**: Earned from SOL LSTs. * **Funding Rates**: Gained from shorting SOL. * **Cost Efficiency**: Borrowing costs are actively managed to maximize net yields.
## **Risk Management** #### **Smart Contract Security** The LST Compass Vault operates on audited platforms like Drift and Jupiter, with additional layers of monitoring from Vectis to ensure fund safety. #### **Delta-Neutral Hedging** Short positions effectively eliminate exposure to SOL price volatility, safeguarding user deposits and maintaining stable returns. #### **Dynamic Leverage Control** Leverage is applied prudently, capped at **3x**, and dynamically adjusted to ensure net positive yields even during market fluctuations. ## **Performance Fees** The vault employs a **transparent 25% performance fee**, charged only on profits generated by the strategy. No additional fees are applied for deposits, withdrawals, or transactions, ensuring users keep the majority of their earnings. #### **Withdrawal Terms** Withdrawals are subject to a **1-day redemption period**. Funds can be requested anytime but will be available after 24 hours. Profits accrued during the redemption period will not be credited, ensuring an efficient and fair withdrawal process. ## **Why Choose LST Compass Vault?** * **Stability**: Fully delta-neutral, eliminating market volatility risks. * **Diversified Yields**: Combines staking rewards, funding rates, and potential airdrop benefits. * **Dynamic Optimization**: Active leverage management ensures consistent and enhanced returns. * **User-Friendly**: No manual intervention required; fully automated strategies. {% hint style="info" %} This vault has been deprecated due to a lack of community participation and persistently unfavorable SOL funding rates on Drift, which have reduced the strategy’s yield potential. As a result, all vault operations have been wound down, and participants are encouraged to withdraw remaining funds for redeployment into more active opportunities. {% endhint %} # HyperPack Arbitrage ### **🔍 Overview** Welcome to **Vectis**, your gateway to transparent, high-yield, delta-neutral strategies across chains and venues. HyperPack is our latest innovation — a cross-exchange arbitrage vault designed to help users passively earn yield by capturing funding rate inefficiencies between **Hyperliquid**, a high-performance decentralized exchange built on its own Layer 1, and **Backpack Exchange**, a regulated centralized exchange operated by the Coral team. This strategy intelligently manages long and short positions across both platforms, optimizing for funding spreads, execution depth, and volatility profiles. If you’re looking for passive, sustainable crypto yield — not just from one asset or platform, but across a growing universe of perp markets — you’re in the right place. *** ### **📈 How the Strategy Works** #### **What is Funding Rate Arbitrage?** Perpetual futures exchanges use funding rates to keep their contract prices aligned with spot markets. These funding payments shift between longs and shorts every few hours, depending on which side is over-leveraged. When one platform shows persistently negative funding and another shows neutral or positive rates, there’s a consistent arbitrage spread to capture. The HyperPack vault opens a delta-neutral position: it shorts where funding is negative and simultaneously goes long where funding is favorable. These positions cancel out directional exposure, meaning your capital isn’t speculating on price movement — it’s earning yield from the structural differences in market sentiment across exchanges. #### **Why Hyperliquid and Backpack?** **Hyperliquid** is a next-generation decentralized perpetuals exchange running on its own custom Layer 1 blockchain. It combines the speed and execution precision of centralized venues with DeFi’s foundational principles. With deep liquidity and sub-second latency, Hyperliquid is the ideal venue for deploying long-side capital with minimal slippage and optimal trade routing. **Backpack Exchange**, meanwhile, is a regulated CEX with growing perp volume and active markets across major tokens. Its user base and funding profile differ from Hyperliquid’s, often resulting in pricing asymmetries that create consistent arbitrage opportunities. Together, these platforms form a complementary ecosystem that supports sustainable, delta-neutral yield generation across a wide variety of token pairs. *** ### **🏗️ Vault Mechanics** #### **How Deposits Work** Users deposit **USDC** into the HyperPack vault. Capital is algorithmically allocated between Hyperliquid and Backpack based on live funding data, position size, open interest, and liquidity profile. The vault’s rebalancing engine determines where capital is most efficiently deployed to capture the strongest yield differentials. Once deposited, users begin earning yield based on funding performance. HyperPack continuously optimizes exposure — across time, exchanges, and asset pairs. #### **Leverage Strategy** To maximize efficiency, the vault applies dynamic leverage — typically up to **5x**, but adjusted in real-time based on market volatility, collateral availability, and margin risk. Position sizing is customized for each asset class. Whether it’s SOL, ETH, BTC, or emerging markets like HYPE, TRUMP, KAITO, or BERA, the vault tailors its leverage and hedging thresholds based on historical and current risk conditions. #### **Withdrawal Timeline** All withdrawals are subject to a **48-hour delay**, which ensures that leveraged positions can be closed safely and efficiently before funds are returned. This helps prevent slippage during large redemptions and preserves performance for all vault users. Withdrawals can be requested any time, but are only eligible 24 hours after initial deposit. Once the waiting period elapses, withdrawals are processed on a rolling basis. #### **Fees** * **Management Fee**: 2% annualized, used to support infrastructure, execution systems, and operational monitoring. * **Performance Fee**: 20% on realized net profits — aligned with your success. * **No Deposit or Withdrawal Fees**: Your capital remains fully allocated and productive. * **Airdrops:** 100% of Backpack and Drift points go to vault users (*Please note: Point totals shown on Vectis website may be subject to adjustment based on time-weighted deposit calculations.)* *** ### **🔐 Security & Risks** #### **Liquidation Safety** Margin health is continuously monitored across both venues. The vault only opens positions where collateral can be safely maintained and where liquidation buffers exceed internal thresholds. The HyperPack engine tracks exchange-specific margin parameters and includes dynamic stop mechanisms to reduce exposure if volatility spikes. Each strategy leg is executed in segregated subaccounts, ensuring that risk on one side does not affect the other. If margin levels fall below target, positions are reduced in real time to protect user capital. *** ### **🎁 Multi-Asset Rotation** #### **Dynamic Token Pair Allocation** HyperPack is built to support a broad and ever-expanding set of perp markets. Unlike strategies limited to just ETH or SOL, this vault actively rotates across **dozens of token pairs** — including HYPE, TRUMP, KAITO, BERA, and more. The strategy scans real-time funding rates across all supported pairs, reallocating capital to the most favorable opportunities while avoiding overconcentration. This multi-asset flexibility is critical to maintaining high, uncorrelated returns — especially in volatile or range-bound markets. As exchange listings grow and new perp pairs mature, the vault will dynamically integrate them into its optimization logic. *** ### **❓ FAQ** **Can I monitor my performance?** Yes — vault share price, strategy yield, and live funding spreads will be available in our upcoming analytics explorer. **Is the vault risky?** All trading strategies carry risk. However, HyperPack is delta-neutral, meaning it avoids directional exposure to price movement. Risk is actively managed via real-time collateral monitoring, position sizing, and rebalancing logic. **Why is there a 48-hour withdrawal delay?** This ensures positions can be unwound gracefully across both exchanges without forced liquidation or impact on vault NAV. It’s a key part of risk mitigation. **What happens if the funding rate spread reverses?** The strategy dynamically adjusts. When funding environments flip, the vault rotates exposure to capture positive yield from the opposite direction. Allocation shifts are made automatically. **Do I need a Backpack or Hyperliquid account?** No. All trading is executed through vault-managed subaccounts. You retain exposure to the strategy without needing to register or interact with the exchanges directly. # Multi Lend Vault ### Introduction Vectis introduces a sophisticated Multi Lending Strategy powered by the Voltr Structure, designed specifically for optimizing yields from stablecoin portfolios within Solana's decentralized finance ecosystem. By strategically integrating multiple protocols, Vectis ensures dynamic allocation, maximized yields, and streamlined risk management. This strategy is ideal for stablecoin holders who want to: 1. **Earn Stable Yields with No Drawdowns** – Deposit idle USDC into Vectis to generate yield without exposure to market downturns. Even in volatile market conditions, Vectis maintains stability by leveraging only top-tier lending pools. 2. **Leverage Smart Yield Optimization** – Vectis employs sophisticated tools to monitor market conditions in real time. When higher yields become available in alternative stablecoins (such as USDT, USDS, or PYUSD), the system intelligently swaps assets to take advantage of the best returns. 3. **Automated Rebalancing Across Multiple Platforms** – Unlike traditional strategies where users must manually seek the highest APYs across DeFi protocols, Vectis continuously rebalances deposits, ensuring capital is always positioned for optimal yield. 4. **Instant Access to Liquidity** – Vectis provides near-instant withdrawals, ensuring users can access their funds whenever needed without delays. 5. **Zero Fees** – Users benefit from a **no-fee model** when depositing USDC, making it one of the most cost-effective stablecoin yield strategies available. ### **Why Our Multi-Lending Strategy Uses Voltr** Our multi-lending strategy is built on **Voltr**, a secure and autonomous infrastructure layer that enables vault managers to operate efficiently while ensuring user fund safety. By leveraging Voltr’s **role-based security, smart contract architecture, and modular adaptor programs**, we create a structured and transparent environment where funds remain secure and strategies are executed with precision. One of the key advantages of using Voltr is that **vault managers cannot withdraw or misappropriate user funds**. The protocol is designed with strict security mechanisms that allow managers to execute pre-defined strategies but prevent them from accessing or diverting assets beyond their designated scope. #### **How Voltr Ensures Security and Autonomy for Vault Managers** Voltr’s architecture provides **a structured framework** that empowers vault managers while ensuring capital protection: * **Role-Based Security:** Vault managers can only interact with **whitelisted protocols** as approved by the vault owners. This ensures that managers operate within predefined boundaries, preventing unauthorized fund movement. * **Vault Smart Contract Accounts:** Funds are **not held in a hot wallet** and can only be accessed through pre-defined smart contract functions. This eliminates the risk of external mismanagement or unauthorized withdrawals. * **Modular Adaptor Programs:** Standardized interfaces allow vault managers to interact with multiple DeFi protocols seamlessly. These adaptors ensure that strategies can be executed across different platforms while maintaining consistency and security. #### **Vault Management Responsibilities** Vault managers are appointed by vault owners to optimize capital allocation across multiple DeFi strategies. Their responsibilities include: * **Rebalancing assets** between different lending protocols to ensure optimal distribution. * **Monitoring strategy performance** and making data-driven adjustments to maximize efficiency. * **Adapting allocation based on market conditions** to mitigate risks and enhance yield. * **Executing strategy changes** while adhering to risk management frameworks. #### **Security & Risk Considerations** Voltr is currently in **Beta** and has successfully passed **Sec3's X-Ray audit and FYEO’s smart contract audit**, with a **formal audit planned** for additional security assurance. As with any DeFi protocol, users must ensure they fully understand and accept the risks associated with using the platform and the underlying strategies implemented in these vaults. By utilizing Voltr, our multi-lending strategy benefits from a **secure, structured, and autonomous infrastructure**, ensuring that capital is managed efficiently while maintaining **the highest standards of security and risk control**. ### Portfolio Structure #### **Stablecoin Allocation Strategy & Rationale** Vectis strategically structures its stablecoin allocation to **balance security, liquidity, and yield efficiency**, ensuring capital is deployed optimally across various assets. The allocation framework is primarily driven by **market depth, peg stability, and risk mitigation**, with an emphasis on **USDC** due to its dominance in the Solana ecosystem. #### **Why USDC is the Primary Stablecoin?** USDC represents the **largest and most liquid stablecoin on Solana**, with a **market capitalization of $9.8 billion**, accounting for approximately **76% of the total stablecoin supply** on the network. Its deep liquidity ensures **minimal slippage**, allowing for **efficient trade execution and capital reallocation** across different DeFi protocols. Additionally, USDC benefits from **strong regulatory oversight, institutional trust, and consistent peg stability**, making it the preferred stablecoin for **both security and capital efficiency**. By prioritizing USDC, Vectis ensures that the majority of its stablecoin holdings remain in the most **liquid and stable** asset on Solana, reducing **counterparty risks and volatility concerns**. This approach also **facilitates seamless portfolio adjustments**, as deep liquidity allows for **quick execution** of strategy changes without incurring excessive costs. #### **Diversification into USDT, PYUSD, and USDS** While USDC serves as the **primary stablecoin**, Vectis strategically allocates **a portion of funds into USDT, PYUSD, and USDS** to capitalize on **yield differentials and risk diversification**. * **USDT**, holding a **16% market share on Solana ($2.03 billion market cap)**, provides **strong liquidity and trading volume**. While it is widely used across DeFi markets, historical transparency concerns lead to a **balanced approach in allocation** rather than overexposure. * **PYUSD and USDS**, with **smaller market caps ($130M and $117M, respectively)**, occasionally offer **higher APYs due to incentives in lending and borrowing markets**. Vectis dynamically adjusts allocations to these assets when **yield opportunities outweigh the costs of rebalancing**, ensuring capital is deployed efficiently. By diversifying into these stablecoins, Vectis hedges against **single-asset risk**, while maintaining the flexibility to **optimize returns in a risk-adjusted manner**. ### Integrated Lending Pools Vectis integrates seamlessly with carefully selected pools across leading Solana DeFi platforms, each chosen based on robustness, liquidity depth, and yield consistency: #### **Kamino Finance** Kamino Finance pools have the highest Total Value Locked (TVL) at **$1.8 billion**, offering **substantial liquidity, stable yields, and relatively low smart contract risk**. 1. Kamino USDC - JLP Pool 2. Kamino USDT - JLP Pool 3. Kamino PYUSD - JLP Pool 4. Kamino USDC - ALT Pool 5. Kamino PYUSD - ALT Pool 6. Kamino PYUSD - Main Pool 7. Kamino USDC - Main Pool 8. Kamino USDT - Main Pool 9. Kamino USDS - Main Pool #### **Drift Protocol** Drift's pools provide reliable yields and stable liquidity, supporting efficient and secure allocation of stablecoins: 10. Drift USDC - Main Pool 11. Drift USDS - Main Pool 12. Drift PYUSD - Main Pool 13. Drift USDT - Main Pool #### **MarginFi** MarginFi's reputation for stability and yield consistency makes it ideal for diversified exposure: 14. MarginFi USDC 15. MarginFi USDS 16. MarginFi USDT 17. MarginFi PYUSD #### **Save Finance** Save Finance is selected for its significant liquidity depth and well-established infrastructure within Solana's DeFi ecosystem: 18. Save Finance USDS - Main Pool 19. Save Finance USDC - Main Pool 20. Save Finance USDT - Main Pool ### Allocation and Rebalancing Logic #### **Stablecoin Rebalancing Strategy** Vectis employs a **structured and dynamic approach** to stablecoin allocation and rebalancing, ensuring **yield optimization while mitigating risk exposure**. Our methodology prioritizes **liquidity depth, security considerations, and yield efficiency**, allowing us to strategically allocate stablecoins across multiple protocols while minimizing unnecessary risks. #### **Protocol Selection & Deposit Allocation** Our allocation strategy is guided by **protocol TVL and security considerations**. **Higher TVL protocols**, such as Kamino Finance with **$1.8 billion TVL**, receive **larger allocations** due to their **deep liquidity, yield stability, and lower smart contract risk**. In contrast, **lower TVL protocols** are assigned **smaller allocations** to mitigate potential smart contract vulnerabilities and liquidity risks. This structured allocation ensures **optimal capital efficiency** while preserving the integrity of funds. #### **Rebalancing for Optimal Yield** Stablecoin allocations are **actively rebalanced** based on **market conditions and APY fluctuations**. The rebalancing mechanism follows a systematic evaluation process: 1. **Monitoring APY Differentials** * Vectis continuously tracks yield variations across different stablecoin pools. * If an **alternative stablecoin (e.g., USDT, USDS, PYUSD) offers a significantly higher APY** than USDC, the strategy assesses the feasibility of reallocation. 2. **Assessing Slippage Costs** * Before executing any rebalancing, Vectis evaluates the **slippage costs associated with swapping stablecoins**. * If the projected **higher APY offsets the slippage costs** within a **1-2 day deposit period**, the swap is executed to capture superior yields. 3. **Executing Stablecoin Swaps & Deposits** * A portion of **USDC holdings is swapped into higher-yielding stablecoins** to optimize returns. * Deposits are then reallocated into pools offering **the best risk-adjusted yield** while maintaining overall portfolio stability.
#### **Continuous Yield Optimization** Rebalancing is not a one-time process; it is an **ongoing strategy** that adapts to **market shifts, liquidity changes, and emerging opportunities**. By continuously monitoring **protocol TVL, APY trends, and slippage costs**, Vectis ensures that capital remains **optimally deployed** across stablecoin pools, delivering **consistent and maximized yield efficiency** while maintaining a **secure and balanced risk profile**. ### Withdraw Mechanism Deposited funds are subject to a 10-minute redemption period, which is designed to offer users greater flexibility. While withdrawals can be requested at any time, the funds will only be available after this 10-minute period has passed. Please note that any profits accrued during the redemption window will not be credited and will be forfeited. ### Fee Structure Vectis uniquely offers no performance and management fees for USDC deposits, promoting transparent and cost-effective management. This fee structure enhances user profitability and encourages greater participation in the ecosystem. ### Risk Management & Security Measures 1. **Smart Contract Security**: Audited and continuously monitored smart contracts to minimize security risks. 2. **Diversification Strategy**: Avoids overexposure to any single stablecoin or platform, ensuring resilience against market fluctuations. 3. **Liquidity Monitoring**: Real-time assessment of pool depth and liquidity availability to prevent withdrawal inefficiencies. 4. **Automated Safeguards**: Predefined thresholds to trigger rebalancing actions and mitigate exposure to volatile conditions. ### Conclusion Vectis’ Multi Lending Strategy represents a new frontier for stablecoin yield generation on Solana—combining robust security, dynamic rebalancing, and zero-fee deposits into one user-friendly experience. By leveraging Voltr’s role-based infrastructure, Vectis ensures that funds are deployed across whitelisted protocols only, providing peace of mind through ironclad security while continuously pursuing the highest available yields. Users benefit from near-instant withdrawals, automatic swaps into higher-yielding stablecoins, and a no-drawdown environment—all without incurring performance or management fees. This user-centric model democratizes access to sophisticated yield strategies, allowing participants to effortlessly tap into the best of Solana’s DeFi ecosystem. Whether you’re a seasoned DeFi practitioner or simply exploring opportunities to grow your stablecoin holdings, Vectis delivers an unmatched balance of safety, liquidity, and return potential. Join us in shaping the next evolution of decentralized finance—where secure, optimized, and cost-effective yield generation is just a deposit away. # How-To-Use 1. Go to , and choose the strategy you want to deposit in. You’ll be taken to a detailed page displaying the strategy’s performance metrics, key features, and all essential information.
2. Navigate through the various tabs on the page to gain a comprehensive understanding of the strategy’s live performance and historical data.
3. Select a sub-vault for your deposit. Each vault has a maximum capacity of **$3M**, ensuring effective risk management. While all sub-vaults share the same underlying mechanism, minor differences in performance may occur due to timing and investment periods.
4. Click "Initialize User & Deposit" to confirm and process your deposit. It’s that simple!
5. Sit back and watch your deposit grow! Visit the Position tab to monitor your earnings and keep track of your investment's performance.
# Statistics At the Statstics tab, users can check the live performance of the vault, together with supporting information that help you to understand the every details of the strategy. All of these information can be download as CSV file, such that for more technical users, they can do their own further analysis on the raw data.
ParametersDescription
Share PriceTotal value of the USDC vault per share, reflecting the net asset value (NAV) of all assets held in the vault, including accrued gains.
Cumulative ReturnCumulative return percentage since inception.
Max Drawdown

Indicator of a strategy’s risk during market declines.

Max Drawdown = (Peak Value - Lowest Value) / Peak Value

Vault TVLAUM of JLP Navigator Vault
JLP, USDC & USDS BalanceAmount of JLP & USDC & USDS holding in the vault
(negative number means borrowed amount)
JLP APR & USDC, USDS Borrowing RateThe interest rate of each asset
Leverage Size

Higher leverage indicates more efficient capital utilization, while maintaining a delta-neutral position.

Leverage Size = JLP value owned / NAV of the Vault

Hedging Amount in PerpThe proportion of hedging positions for each asset relative to the total value of the vault.
Annualized Funding rateExpected APR earned from funding rates for each asset
JLP Premium / DiscountThe difference between the market price & Virtual price of JLP
Hedging Details (SOL, BTC, ETH)TheAsset Exposure in JLP & Hedged Value (in USD)
## Drift Accounts The Drift accounts associated with each vault are fully transparent, allowing users to independently verify the data.
VaultDrift Link
JLP Navigator VaultVault A: https://app.drift.trade/?authority=HYL9dbQeZDCzWfeorJiF1cvqafQfqDDAroNi3dRVcsKV
Vault B: https://app.drift.trade/?authority=6N3pZwVW5bxAX5NrNJRgqteLj5w9W6VEPzZSHVcikQAo
Vault C: https://app.drift.trade/?authority=E9RnVt2kjTJhCzmcNfwofm6nXhdZWtYvRy6FwrG4i4Ar
JLP Navigator II Vaulthttps://app.drift.trade/?authority=9sh86RBy4HoKdevouo6KnHg4YynzNEipQb8MgXGdVzWn
FuelFlow Vaulthttps://app.drift.trade/?authority=BBzwJMPvdms94eyHEwgGaYmHqLqGXZR4NggQZrBdzgxp
Allora AI Edge Vaulthttps://app.drift.trade/?authority=73ih5XXshhATj4mmWpvY5FYiuNr4y5DkixwJmFZbTTwM
LST Compass VaultVault A: https://app.drift.trade/?authority=DvsabKEdapgfaEMGkkPDwbpnV1oR2upuQCCf2K6zbG5i
Vault B: https://app.drift.trade/?authority=ENfbMeHWvzFjyL8DegrPaHLFxsobQ6A2XwKhFRNBq4tD
## TG Bots Vectis also provide its in-house TG bot channels for users to track on the activities of each vault, including all the hedging and leveraging trades, so that users can get the first-hand information on the strategy performance. | Vault | TG Link | | --------------------- | --------------------------------------- | | JLP Navigator Vault A | | | JLP Navigator Vault B | | | JLP Navigator Vault C | | | LST Compass Vault | | # Terms and Fees ## Performance Fee A performance fee will be applied on profits, which is realized daily and when the depositor engages in actions such as deposits, withdrawal requests, or withdrawals
StrategyPerformance FeeManagement Fee (Annually)Withdrawal Fee
JLP HyperLoop Vault25%2%0.3%
UltraX Arbitrage V220% 2%0.3%
Market Neutral Long Short Vault10%00.2%
HyperPack Arbitrage20%2%0
## Redemption Period Deposited funds are generally subject to a 24-hour redemption period. While users may request withdrawals at any time, assets only become available after this 24-hour window—and any profits accrued during that period are forfeited. * Multi-Lend Strategy Vault: 10-minute redemption period for maximum flexibility (profits earned during those 10 minutes are forfeited). * DriftPack Arbitrage Vault: 48-hour redemption period to ensure the best execution rates when closing positions (profits earned during those 48 hours are forfeited). # Risks ## **Smart Contract Risks** While the strategy is designed to deliver stable, risk-adjusted returns, it carries inherent **smart contract risks**. The Jupiter and Drift protocols, which underpin Vectis strategies, have undergone rigorous development and employ robust security practices. However, vulnerabilities in smart contracts could still expose funds to unforeseen risks, such as exploits or bugs within the protocol's code. ## **Hedging Risks** Delta-neutral strategies are carefully managed to minimize exposure to price fluctuations. However, **hedging risks** may arise, particularly during periods of extreme market volatility. Rapid price shifts in assets like SOL, ETH, or BTC can impact hedging accuracy, potentially leading to unanticipated losses. Despite employing continuous monitoring and dynamic adjustments, managing a leveraged, delta-neutral strategy in volatile markets involves inherent complexities that users should be aware of. ## **Operational Risks** **Operational risks** are another area of concern. These could arise from delays or inaccuracies in fetching data, which may affect hedging operations and the overall performance of the strategy. Vectis mitigates these risks by sourcing data from multiple providers and using a time-weighted average price. However, operational challenges can persist, potentially impacting the vault's performance if adjustments are not executed optimally. ## **Liquidity Risks** Liquidity risks pertain to the availability of funds for withdrawals and the ability to efficiently execute trades, particularly during high-stress market conditions. In cases where underlying protocols face reduced liquidity, transaction delays or higher slippage may occur, impacting the performance of the strategy. ## **Market Risks** While the strategies aim to hedge price exposure, external market risks such as significant changes in funding rates or borrowing costs can influence yield generation. Prolonged unfavorable market conditions may reduce returns or increase costs, affecting overall profitability. These risks, while managed through advanced monitoring and mitigation techniques, are inherent in the dynamic nature of DeFi strategies. Users should carefully evaluate their risk tolerance before investing. # FAQ
JLP Navigator Vault #### What is the JLP Navigator Vault? The JLP Navigator Vault is a high-yield, delta-neutral investment strategy designed to optimize returns by leveraging and hedging JLP (Jupiter Liquidity Pool) while managing risks. It provides an automated, low-risk way to earn passive income on Solana. *** #### How Safe Is the JLP Navigator Vault? The safety of the vault is a top priority. For our JLP Navigator Vault, we utilize the Drift Vault framework developed by the Drift team, ensuring a robust and secure foundation. 1. **Limited Permissions**: Our system is granted trading rights only, with no access to user funds or withdrawal permissions. Additionally, we cannot modify key parameters, so users retain full control over their withdrawals. 2. **Unaltered Framework**: We use the Drift Vault exactly as designed, without modifying any settings or code. If any changes had been made, Drift's Vaults index page would display a warning, ensuring complete transparency. *** #### What Are the Smart Contract Risks Associated with Vectis? Vectis does not develop or deploy its own smart contracts for the JLP Navigator Vault. Instead, we operate entirely on top of Drift's well-audited and trusted smart contract framework. By relying solely on Drift's infrastructure, we leverage their robust security measures and proven track record, minimizing the risks typically associated with new or untested smart contracts. All trading and fund management processes are executed within the Drift Vault ecosystem, ensuring a high standard of safety for our users. *** #### What's the difference between Vault A & Vault B, why is the performance differs? Both Vaults applied the same logic and mechanism. While the Vault mechanisms are consistent, performance may vary slightly due to entry timing and market conditions during different periods *** #### How does the Vault generate returns? The Vault earns yield through: 1. **JLP Rewards**: Generated by providing liquidity to Jupiter's liquidity pools. 2. **Funding Rates**: By hedging exposure through Drift Protocol, the Vault captures additional funding rate returns. 3. **Leverage**: Optimized borrowing and hedging increase returns without increasing market risk. *** #### Is this strategy delta-neutral? Yes, the Vault actively hedges market risk by maintaining delta-neutral positions. This means price fluctuations in underlying assets like BTC, ETH, and SOL have minimal impact on your returns. *** #### Is the Trader's PnL from Jupiter Hedged? Yes, the Vault continuously rebalances and hedges based on the long/short ratio of traders. This ensures that all traders' PnL is fully hedged, maintaining a delta-neutral position at all times. *** #### What Are the Key Differences Between the Vectis Vault and Similar Vaults? Our vault stands out due to several optimizations and strategic advancements: 1. **Optimized Infrastructure:** We've refined critical technical aspects such as RPC selection and failover handling. This ensures more stable loan balancing and minimizes disruptions, leading to smoother operations compared to similar platforms. 2. **Dynamic Leverage Mechanism:** Our strategy incorporates a dynamic leverage mechanism that adjusts based on real-time market conditions, such as JLP price premium, USDC borrowing costs and market liquidity etc. By capitalizing on these opportunities while maintaining delta-neutral positioning, we enhance performance and maximize returns for our users. 3. **Cost-Efficient Hedging Execution:** During hedging adjustments, we optimize key parameters for order placement on the Drift platform. By fine-tuning settings like auction duration and starting price offset, we leverage their advanced order flow capabilities to minimize costs and improve efficiency in hedging operations. These improvements result in significantly better outcomes, as demonstrated by our vault's performance compared to others in the market. *** #### Does Leveraging Significantly Increased Risk in the Vault? No, leveraging does not significantly increase the risk in the JLP Navigator Vault because the strategy remains delta-neutral. This means that for every leveraged position we take in the JLP, we open corresponding hedging positions on Drift. These hedges offset the directional risk of price changes in the underlying assets (e.g., SOL, ETH, BTC). For instance, if we hold a long position in the JLP that is exposed to SOL, we simultaneously short SOL on Drift to neutralize price volatility. Moreover, our monitoring system recalculates and rebalances the delta exposure at regular intervals to maintain neutrality. This ensures that even with leverage, the vault is protected against market swings, enabling consistent performance with minimal directional risk. *** #### How does the dynamic leverage mechanism work? The Vault adjusts leverage based on three factors: 1. **Stablecoin Borrowing Cost**: In extreme market conditions where borrowing costs exceed JLP returns, the Vault deleverages to minimize losses. 2. **JLP Premium**: When the JLP premium (difference between market price and intrinsic value) is high, the Vault captures the premium by reducing leverage. It then increases leverage again as the premium normalizes. 3. Closely track on the trading activities on Jupiter for adjusting different parameters *** #### Can I monitor the performance of the Vault? Yes, users can track key metrics such as Share Price, ROI, Total Fees Paid, and Expected APY directly on our platform. To ensure full transparency, we also offer detailed performance data available for download in CSV format. For even greater insight, users can subscribe to our vault-specific Telegram channel to stay updated on activities in real-time. Additionally, you can visit the Drift platform webpage to independently verify our trading and hedging activities. *** #### What is Vectis Prime? Vectis Prime is our premium offering designed to deliver tailored solutions for users with unique requirements. Beyond exceptional strategy performance and the comprehensive tools available on our platform, Vectis Prime provides customizable features to meet individual needs, including: 1. **Flexible Redemption Options:** While our standard one-day redemption period already offers excellent convenience, Vectis Prime takes it a step further by providing near-instant access to funds for users who require even greater flexibility. 2. **Exclusive Monitoring Tools:** Gain access to private channels and personalized dashboards for real-time tracking and enhanced oversight. 3. **Customizable Parameters:** Adjust specific vault parameters to better align with your personal preferences or investment goals. 4. **And More:** Our team is ready to accommodate additional customization requests to ensure your experience is perfectly tailored to your needs
dSOL Anchor Vault **What is dSOL Anchor Vault?** The dSOL Anchor Vault is a yield-optimization strategy designed to maximize returns on your SOL holdings. By leveraging dSOL, a Solana Liquid Staking Token, and funding rate opportunities on Drift, the vault generates yield while maintaining the depositor’s original SOL exposure without adding price risks. *** **How Safe is the dSOL Anchor Vault?** The vault employs robust risk management strategies, including dynamic leverage and hedging mechanisms, to mitigate potential risks. However, like all DeFi strategies, it carries risks such as smart contract vulnerabilities, market volatility, and platform-specific risks. Vectis partners only with reputable and audited protocols to enhance security. *** **What are the Smart Contract Risks Associated with Vectis?** Smart contract risks are inherent to all DeFi platforms. These risks include potential bugs or vulnerabilities in the protocols we integrate with, such as Drift and Jupiter. To reduce these risks, Vectis uses protocols that have undergone extensive audits and community scrutiny, but complete immunity from smart contract risks cannot be guaranteed. *** **How does the Vault generate return?** The dSOL Anchor Vault generates returns by: * Earning staking rewards on deposited SOL through dSOL. * Capturing funding rate profits from short positions on Drift. * Dynamically leveraging dSOL to optimize yields while minimizing costs. These streams combine to provide stable returns to depositors without additional SOL price exposure. *** **Is this strategy delta-neutral?** No, the dSOL Anchor Vault is not strictly delta-neutral. While the strategy ensures that the user’s original SOL deposit retains its full exposure, the additional dSOL borrowed and leveraged is hedged through short positions. This approach allows the vault to generate additional yield from funding rates and dSOL staking rewards without increasing the depositor’s exposure to SOL price fluctuations. *** **What is dSOL?** dSOL is a Solana Liquid Staking Token issued by Drift. It represents staked SOL while providing additional utility such as higher Loan-to-Value (LTV) ratios, making it ideal for yield optimization and leveraged strategies. *** **Why are we using dSOL but not other LSTs with higher yield?** dSOL offers unique advantages such as superior LTV ratios on Drift, enabling more effective leveraging and hedging. Its integration with Drift also enhances funding rate opportunities, which contributes significantly to the vault’s overall yield. *** **What are the key difference between Vectis Anchor Vault and other vaults?** The Vectis Anchor Vault distinguishes itself through: * Delta-hedged design on the borrowings, while maintaining SOL exposure at the depositor’s initial level. * Dynamic leverage mechanisms to optimize returns while minimizing borrowing costs. * Integration with dSOL for higher yield potential and funding rate profitability. * Leveraging Drift’s FUEL points system, which may convert into rewards for active users. **Does Leveraging increase the price risk of holders?** No, the leveraging mechanism in the dSOL Anchor Vault does not increase the user's SOL exposure. The original SOL deposit maintains its full exposure, while the additional borrowed dSOL is fully hedged through short positions. This ensures that the user's risk remains tied solely to their original deposit, while the leveraged yield generation mechanism works to enhance returns without adding extra price exposure. *** **How does the dynamic leverage mechanism work?** The vault continuously monitors funding rate profits, dSOL staking yields, and USDC borrowing costs. Based on this data, it adjusts leverage by borrowing more or deleveraging to optimize returns while ensuring the strategy remains cost-effective and net positive for yield generation. *** **Can I monitor the performance of the vault?** Yes, users can track the vault’s performance directly through the Vectis dashboard. Metrics such as yield, funding rate profits, dSOL rewards, and overall returns are updated in real time, ensuring transparency for all depositors.
LST Compass Vault **1. What is the LST Compass Vault?** The LST Compass Vault is a yield-enhancing strategy designed for USDC depositors. It leverages SOL Liquid Staking Tokens (LSTs) to generate returns while maintaining zero exposure to SOL price fluctuations. By hedging against the entire SOL position, the vault combines LST staking rewards and funding rates to deliver optimized yields. *** **2. How does the LST Compass Vault generate yield?** The strategy swaps deposited USDC into a basket of SOL LSTs, which earn staking rewards. These LSTs are then used as collateral to borrow USDC, which is swapped back into LSTs and redeposited. Simultaneously, the strategy opens short positions on SOL to hedge against SOL price exposure, capturing funding rates and staking rewards while offsetting borrowing costs. *** **3. Is this strategy delta-neutral?** Yes, the LST Compass Vault is designed to be delta-neutral. By hedging against the entire SOL exposure—including the USDC deposit converted into LSTs—it ensures that depositors remain unaffected by SOL price movements while maximizing yield. *** **4. Why does the vault use a basket of SOL LSTs?** The LST Compass Vault employs a diversified basket of SOL LSTs to optimize yields and reduce risks associated with a single token. Currently, the basket includes dSOL, INF and jitoSOL. The portfolio will expand to include additional LSTs in the future, further enhancing diversification and performance. *** **5. What are the fees for using the LST Compass Vault?** A 25% performance fee is charged on profits generated by the strategy. This fee is applied only when a depositor initiates a withdrawal-related action, such as depositing, requesting a withdrawal, or completing a withdrawal. There are no additional management, deposit, or withdrawal fees. *** **6. Are there any risks associated with the vault?** While the LST Compass Vault is designed for optimized yield and minimal exposure, risks include: * **Smart Contract Risk:** Vulnerabilities in the underlying protocols (e.g., Jupiter, Drift) could expose user funds. * **Leveraging and Hedging Risks:** Rapid market fluctuations in SOL prices, funding rates, or borrowing costs may affect the efficiency of the strategy’s hedging and leveraging mechanisms. Vectis implements robust monitoring and adjustments to mitigate these risks, but users should be aware of the inherent complexities. *** **7. How does the dynamic leverage mechanism work?** The vault continuously monitors funding rates, LST yields, and borrowing costs. If funding rates and LST yields exceed borrowing costs by a pre-set margin (e.g., 15%), the vault increases leverage up to 3x to maximize returns. Conversely, if the condition is not met, the vault automatically deleverages to avoid net borrowing costs. *** **8. Can I monitor the performance of the vault?** Yes, Vectis provides a transparent dashboard displaying the vault’s key metrics, including returns, utilization, leverage levels, and yield breakdowns. This allows depositors to stay informed about the strategy’s performance and adjustments. *** **9. Why is the vault hedging the entire SOL exposure?** The vault hedges the entire SOL exposure, including the USDC deposits converted into LSTs, to ensure that depositors maintain zero price risk related to SOL. This approach makes the LST Compass Vault an attractive option for USDC holders seeking high yields without exposure to volatile SOL price movements. *** **10. What are the withdrawal terms?** Withdrawals are subject to a 1-day redemption period. While withdrawal requests can be made at any time, funds will only be available after 24 hours. Profits accrued during the redemption period will not be credited and will be forfeited.
# Referral Program Earn a performance-based commission while helping grow the Vectis Finance. Refer new users and receive up to 30% of the fees they generate, paid in USDC.
## 1. Level Structure | **Level** | **Your Vectis Balance (USDC)** | **Revenue Share** | | --------- | ------------------------------ | ----------------- | | R1 | $0 – $ 999 | 5 % | | R2 | $1 000 – $ 9 999 | 10 % | | R3 | $10 000 – $ 49 999 | 15 % | | R4 | $50 000 – $ 99 999 | 18 % | | R5 | $100 000 – $ 499 999 | 22 % | | R6 | $500 000 – $ 999 999 | 26 % | | R7 | ≥ $1 000 000 | 30 % *(max)* | *The percentage applied to a commission is the level you hold at the exact moment your referral incurs an performance fee.* ## 2. Accrual and Settlement * **Accrual:** Estimated earnings are currently updated via a shared Google Sheet. Front-end integration is planned for a smoother user experience in the future. * **Settlement:** Commission distributions are calculated monthly and will be processed by Vectis once the rewards amount reaches 10 USDC. ## 3. How to Participate 1. Open 2. Create your unique referral code, then copy your custom link. 3. Share it on social platforms, in private messages or embed it in content. 4. Track sign-ups, balances and earnings in your referral dashboard. Activation condition: to create a referral link and start earning, you must already hold an active vectis balance. Deposit first, then generate your code. ## 4. Example | **Scenario** | **Referrer Level at fee time** | **Referee Performance fees paid** | **Your share** | | ------------------------------------------------------------------------- | ------------------------------ | --------------------------------- | --------------- | | Alice refers one friend who pays 100 USDC in performance fees | R1 (5 %) | 100 USDC | **5 USDC** | | Bob reaches R2, 5 referred users together pay 1 000 USDC in eligible fees | R2 (10 %) | 1 000 USDC | **100 USDC** | | Cindy is R7; her network pays 50 000 USDC over the week | R7( 30%) | 50 000 USDC | **15 000 USDC** | ## 5. Q\&A ### How do I refer someone to Vectis? After making a deposit, you can create your personal referral code at Share your code directly or use your unique referral link in the format: > Each time a referred user pays a performance fee, you’ll receive a commission based on your current level. ### How do I use a referral code? Simply click on a referral link — this will permanently bind your account to the inviter. Note: Vectis does not currently offer a fee discount to referred users. Instead, the inviter earns a share of Vectis’s performance fees. If you’d like to earn commissions in the future, you’ll need to create your own referral code via the Referrals page after depositing. ### When does my Level change? Your referral level updates once your total deposited balance crosses a threshold. New commissions will be calculated using the updated percentage — previous earnings remain unchanged. ### How often can I get my commission? Estimated earnings are currently updated via a shared Google Sheet and will be distributed monthly by Vectis once the amount exceeds 10 USDC. [
](https://medium.com/@vectisfinance?source=post_page---post_author_info--e449bc700bb0---------------------------------------) # Badge Rebate ## Overview Badge Your HODL is the first step in building Vectis’ user growth and recognition system. By simply holding your assets with Vectis, you can now earn performance fee rebates based on your streak days. Moreover, badge holders will be prioritized for future special benefits and rewards. The longer you hold, the greater your reward, and the higher your honor within the Vectis ecosystem.
### Badge Introduction Our badge system is designed around streak days and consists of 7 distinct levels. Each badge represents a milestone achieved through consistent participation. Progressing through the levels signals commitment, patience, and belief in the strategy over time, rewarding users who stay aligned with long-term goals rather than short-term noise.
Streak DaysBadge NamePerformance Fee Rebate (%)
≥ 14 DaysTeal HODLer1%
≥ 30 DaysPurple HODLer2%
≥ 60 DaysMagenta HODLer3%
≥ 120 DaysSilver HODLer5%
≥ 180 DaysSapphire HODLer8%
≥ 270 DaysRuby HODLer10%
≥ 365 DaysLegend HODLer20%
### Explanation **Effective Date** * Rebates will be calculated starting April 30, 2025. * Only performance fees generated after this date will be eligible. **Streak Calculation** * Your streak starts from the day of your first deposit into Vectis. **Rebate Distribution** * Rebates will be **calculated monthly** at the end of each month. * Rebates will be credited directly to your linked Solana Wallet in the following month. **Definition of “Continuous Holding”** We want to ensure the loyalty program truly rewards committed users. Here’s how we define “continuous holding”: * Withdrawal < 50% of your latest balance: your streak continues. * Withdrawal ≥ 50%: your badge level will be lowered In short: If you withdraw the deposite, you don’t lose all your progress — just drop to a lower level based on where you are. > *Example:* > > If you’re Teal, your streak will reset to 1 day. > > If you’re Purple, your streak will reset to 14 days. Balances are updated after every deposit or withdrawal and will serve as the new baseline. * Final Interpretation: Vectis reserves the right of final interpretation for the Badge Your HODL program. ### Time Is the Best Witness At Vectis, we believe loyalty deserves to be recognized and rewarded. Badge Your HODL is more than just an incentive. it’s a mark of honor, patience, and belief. We are excited to embark on this new chapter together. Let’s build a future where loyalty shines brightest. Thank you for being part of the Vectis journey.