HAVEN.ETH
BENCHMARK & DENOMINATION
wETH
MANAGEMENT FEE
2%
PERFORMANCE FEE
25%
(Goals, fees, and timeframe info below)
Timeframe
This Haven is designed to build a substantial portfolio of ETH over time. It should not be viewed similar to lending/staking where yield accrues per day or block. A years gain can come in just one volatile month.
Although crypto is the most volatile asset, historically, most of it takes place within 30-60 days a year. Constant exposure to the Haven is highly recommended because no one knows when these days will occur. The classic investment advice “what matters is not timing the markets—but time in the market“ was made for Havens.
Vault can experience slow periods and drawdowns due to low volatility. This is normal and expected. Year-over-year it outperforms holding, lending, or staking. This is why performance is best viewed YoY. Judging a Haven on a timeframe smaller than that is doing it wrong and missing its value proposition.
Goal
This Haven has no consideration for dollar values and it's wrong to view it based on dollar gains/losses. Its sole purpose is to accumulate ETH through volatility. By dynamically rebalancing based on the volatility of altcoins against ETH, it gives the opportunity for exponential gains.
It achieves this being exposed to crypto during bull AND bear markets. Both markets provide substantial volatility, therefore, opportunity. If the market were to go through a vicious bear cycle, so too will this Haven, although accumulating on the bearish volatility.
*Not just volatility, yield too. In periods of low vol, Havens will seek the best yield opportunity (stake, lend, etc.) in wETH, creating additional ROI* Havens only use highly liquid altcoins as to avoid catastrophic losses. A Haven can consist of up to six tokens (high volatility times). Other times only one (low vol). This Haven is best viewed as a long-term volatile savings account.
