Market-neutral systematic trading
on Hyperliquid.
Active long/short systematic strategies on Hyperliquid perpetuals — engineered to be uncorrelated with Bitcoin, equities, and macro. Live & verifiable since April 2026. Built like a quant fund, verifiable like DeFi.
ERC-4626 vaults on HyperEVM · 20% performance fee on profits only · no management fees · withdraw anytime.
How we operate
Built like a quant fund.
Verifiable like DeFi.
Hedge funds disclose positions monthly with a 30-day lag. We disclose every trade as it happens, on-chain.
Out-of-sample tested
Strategies are validated on out-of-sample data never seen during training. Statistical significance tests filter out lucky-but-not-real signals before any strategy can enter a vault. Only the most robust survive selection.
Risk-managed every trade
Every position opens with a stop loss already in place. Per-trade and portfolio-level loss limits are enforced before any order is placed. No un-hedged exposure — ever.
On-chain settlement
ERC-4626 vaults · 1-hour Timelock on every contract upgrade · per-trade audit log. Withdraw anytime.
Trading Vaults
Each vault is a portfolio of uncorrelated short-horizon strategies, not a single bet. No directional view on crypto — positions are long and short in equal measure, designed to produce returns that don't depend on Bitcoin's price or broader market regime.
We seed every vault with our own capital and prove it live, on-chain — what counts here is the verifiable, auditable track record, not the size of the seed.
On-Chain.
Verifiable. Yours.
CrystalClear vaults are ERC-4626 contracts on HyperEVM. Your deposit mints shares. Your share price tracks performance. Everything is on-chain — withdraw anytime.
Vault Shares
Deposit USDC, receive shares. Share price rises as the vault profits. Withdraw shares for USDC anytime.
Timelock Upgrades
Contract upgrades require a 1-hour Timelock delay. No surprise changes. Fully transparent.
Hyperliquid Execution
Strategies execute on Hyperliquid's deep perps liquidity. Fee-optimized entries, automated exits, position-level risk management.
Risk Controls
Every position is protected by automated risk controls. Drawdown limits enforced at portfolio level. No un-hedged exposure — ever.
Fee Structure
Profit-aligned. Simple.
20% performance fee on profits only — charged when you withdraw. If the vault doesn't make money, you pay nothing. No management fees. No subscriptions. No hidden costs.
0%
Management Fee
0%
Subscription
20%
On Profits Only
Why this works for you
Fee only on profit. If you withdraw at a loss, the performance fee is zero. Your cost basis is tracked on-chain.
On-chain and verifiable. Every fee is computed by the smart contract at withdrawal time. Nothing off-chain, nothing hidden.
Fully aligned. We only earn when you profit. If the vault underperforms, our revenue is zero. We succeed when you succeed.
Lower than hedge funds. Traditional funds charge 2% management + 20% performance. We charge 0% management + 20% performance on profits only.
Live on Hyperliquid.
Deposit USDC. Receive vault shares (ERC-4626). Strategies execute on Hyperliquid perps under per-trade risk controls. Withdraw anytime; performance fee only on realized profit.
How it works
How shares, fees, and on-chain settlement work.
When you deposit USDC into a vault, four questions naturally follow. Here are the answers — verifiable on-chain, no marketing softening.
What am I actually buying?
Vault shares — ERC-4626 tokens (e.g. cvONYX, ccAMBER) minted by the smart contract when you deposit USDC. They sit in your wallet; only you can move them. Your share count is fixed the moment you deposit — what changes over time is the share price, not your share count.
How does the share price work?
share price = totalAssets ÷ totalSupply. Every vault launches at $1.00 per share. When the strategies profit, total assets grow → share price rises. When they lose, share price falls. The contract recomputes this on every deposit, withdrawal, and read — no daily NAV, no human in the loop.
Who controls the price?
On the founding-fleet vaults, share price is a pure function inside the smart contract — the runner places trades (which moves totalAssets) but cannot set the price directly. The new audited Lagoon vaults price by NAV posted within council-bounded guardrails on audited infrastructure (Lagoon's safety council can halt a mispriced update). Either way: no unilateral repricing, no seizing shares, no pausing your withdrawals — and every change is on-chain and verifiable.
Where can I verify on-chain?
Each vault contract exposes three read-only methods you can call directly via Hyperscan:
- totalAssets() — total USDC backing the vault
- totalSupply() — total shares minted
- balanceOf(your_address) — your share count
For live trade activity, use the HL Core explorer — same address, different ledger.
Architecture, share-price math, deposits/withdrawals, security model, changelog.