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Coming Soon - Mutual Fund Vaults is an upcoming feature. Further details will be available when it launches.

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Overview

Vaults deploy capital according to defined strategies. Each strategy has different return targets, risk profiles, and underlying allocations.

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Strategy Types

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1. Fixed Rate Focus

Objective: Maximize fixed-rate yield with minimal variable exposure 
Allocation:
├── Centuari Fixed Rate: 90-100%
│   ├── 30-day maturities: 30%
│   ├── 60-day maturities: 35%
│   └── 90-day maturities: 35%
└── Cash Buffer: 0-10%

Target APY

6-10%

Risk Level

Low
Best For:
  • Conservative investors
  • Those wanting predictable returns
  • First-time vault users
How It Works:
  1. Curator places lend orders across multiple maturities
  2. Maturity laddering provides regular liquidity events
  3. Auto-rollover maintains continuous deployment
  4. Cash buffer handles withdrawal requests

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2. Yield Optimized

Objective: Maximize absolute yield across DeFi 
Allocation:
├── Centuari Fixed Rate: 30-50%
├── Aave/Compound: 20-30%
├── Pendle Fixed Yield: 15-25%
├── Other Yield Sources: 10-20%
└── Cash Buffer: 5-10%

Target APY

8-15%

Risk Level

Medium
Best For:
  • Yield-seeking investors
  • Those comfortable with multi-protocol exposure
  • Experienced DeFi users
How It Works:
  1. Curator monitors rates across protocols
  2. Rebalances to highest-yielding opportunities
  3. Hedges variable rate exposure when advantageous
  4. Maintains diversification limits per protocol

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3. RWA Enhanced

Objective: Blend DeFi and TradFi yields 
Allocation:
├── Centuari Fixed Rate: 40-50%
├── Tokenized Treasuries: 25-35%
├── RWA Collateral Lending: 15-25%
└── Cash Buffer: 5-10%

Target APY

7-12%

Risk Level

Low-Medium
Best For:
  • Institutions
  • Those wanting TradFi correlation
  • Risk-adjusted return seekers
How It Works:
  1. Core allocation to Centuari fixed-rate
  2. Supplemental yield from tokenized T-bills
  3. Premium yields from RWA-collateralized loans
  4. Natural hedge between DeFi and TradFi rates

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4. Delta Neutral

Objective: Generate yield while hedging directional risk 
Allocation:
├── Centuari Lending: 40-50%
├── Basis Trade (Long spot, short perp): 30-40%
├── Options Premium: 10-20%
└── Cash Buffer: 5-10%

Target APY

10-20%

Risk Level

Medium-High
Best For:
  • Sophisticated investors
  • Those wanting uncorrelated returns
  • Market-neutral seekers
How It Works:
  1. Lend stablecoins on Centuari for base yield
  2. Capture funding rates via basis trades
  3. Sell covered options for premium
  4. Hedged positions reduce directional exposure

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5. Multi-Currency

Objective: Optimize across currency markets 
Allocation:
├── USD Lending: 50-60%
├── EUR Lending: 20-30%
├── JPY Lending: 10-20%
└── Cash Buffer: 5-10%

Target APY

7-12%

Risk Level

Medium (FX risk)
Best For:
  • Global investors
  • Those comfortable with FX exposure
  • Seeking cross-currency arbitrage
How It Works:
  1. Identify rate differentials across currencies
  2. Allocate to highest-yielding markets
  3. May hedge FX or leave exposed
  4. Rebalance as rate differentials shift

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Strategy Comparison

StrategyTarget APYRiskComplexityBest For
Fixed Rate Focus6-10%LowSimpleConservative
Yield Optimized8-15%MediumModerateYield seekers
RWA Enhanced7-12%Low-MedModerateInstitutions
Delta Neutral10-20%Med-HighComplexSophisticated
Multi-Currency7-12%MediumModerateGlobal investors

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Rebalancing Rules

Each strategy has defined rebalancing triggers:

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Time-Based

  • Daily: Check allocation drift
  • Weekly: Full rebalance if >5% drift
  • At Maturity: Redeploy maturing positions

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Event-Based

  • Rate Change: Significant market rate movement
  • Liquidity Need: Withdrawal queue builds
  • Risk Threshold: Position exceeds concentration limit

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Example: Fixed Rate Focus Rebalancing

Current State:
  30-day positions: 45% (target: 30%)
  60-day positions: 25% (target: 35%)
  90-day positions: 25% (target: 35%)
  Cash: 5%

Trigger: 30-day allocation >5% above target

Action:
  1. Allow 30-day positions to mature (don't roll)
  2. Deploy maturing funds to 60/90-day
  3. Restore target allocation over 2 weeks

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Performance Benchmarks

Each strategy is measured against relevant benchmarks:
StrategyBenchmarkTarget Outperformance
Fixed Rate FocusCentuari avg fixed rate+50bps
Yield OptimizedDeFi Llama stablecoin avg+200bps
RWA Enhanced10Y Treasury + 300bps+100bps
Delta NeutralRisk-free rate + 500bps+200bps

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Risk Management

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Concentration Limits

Limit TypeFixed RateYield OptRWA Enhanced
Single Position20%15%15%
Single Protocol100%40%50%
Single Maturity40%30%30%
Single Asset100%50%60%

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Liquidity Requirements

StrategyMin Cash BufferMax Deployment
Fixed Rate Focus5%95%
Yield Optimized10%90%
RWA Enhanced10%90%
Delta Neutral15%85%

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Drawdown Limits

If vault experiences significant losses:
DrawdownAction
2%Alert curator
5%Reduce risk, review strategy
10%Pause new deposits, governance review

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Selecting a Strategy

1

Assess Risk Tolerance

  • Low: Fixed Rate Focus
  • Medium: Yield Optimized, RWA Enhanced
  • Higher: Delta Neutral
2

Define Return Expectations

  • 6-8%: Fixed Rate Focus
  • 8-12%: RWA Enhanced, Multi-Currency
  • 12%+: Yield Optimized, Delta Neutral
3

Consider Time Horizon

  • Short (<3 months): Higher cash buffer preferred
  • Medium (3-12 months): Standard strategies
  • Long (>1 year): Can tolerate longer maturities
4

Review Curator Track Record

  • Historical performance
  • Risk-adjusted returns (Sharpe)
  • Drawdown history

Browse Vaults

Find a vault matching your strategy preference