Delta-neutral carry on Hyperliquid, measured in USD
Chain
Ethereum
Deposit Token
USDC
Total deposited
$111.13K
- $0.04
Net APR
ALL0.83%
30D0.83%
7D0.83%
Strategy
Delta-neutral carry on Hyperliquid, measured in USD. The vault holds HYPE (and potentially BTC) spot and shorts the matching perpetual in equal quantity, so price moves cancel out and the return comes from the funding paid by perp longs. The position runs on a Hyperliquid portfolio margin account: USDC is borrowed against the spot collateral to scale the trade, and a rebalancing keeps leverage within a set range as prices move. One venue, one structure, held for the long run.
Main risks: negative funding periods, Hyperliquid venue and smart-contract risk, USDC borrow availability and rates, liquidation if rebalancing fails in a sharp move.
Active since 2018 in self-custodial crypto–fiat services and asset tokenisation, Mt Pelerin brings established expertise in blockchain infrastructure and DeFi integration to the vault.
Acting solely as its technical curator, Mt Pelerin designs the allocation framework, defines risk parameters and integrates selected DeFi protocols. It does not receive or hold user funds, manage assets on behalf of users, exercise individual discretion or provide investment advice.
Users independently decide whether, when and how much to deposit or withdraw, while the strategy is executed automatically on-chain according to predefined rules.