BENCHMARK & DENOMINATION
USDC
MANAGEMENT FEE
2%
PERFORMANCE FEE
25%
(Goals, fees, and timeframe info below)
(Never use an exchange wallet to deposit)
Real-time stats, assets, and data for HAVEN.USD
MANAGEMENT
2% per year. Due to the smart contracts' design, when Havens rebalance, Ethereum gas fees are taken from Chain Haven address and not the vault address. Gas costs are currently high. While this will not always be the case, fees need to be paid. Including them in a management fee makes sense. When gas fees reduce, so will the management fee.
PERFORMANCE
Put simply, if this Haven doesn't increase your coin, there's no fee. Performance is on a rolling four-month period. You may enter at the beginning, middle or end. If a new high is achieved at the end of a period, a high-water mark is used to stamp the new high for the following performance periods. The fee is calculated as 25% of net gains of the benchmark asset (USDC).
This vault is designed to build a substantial portfolio of USD over time without having to add capital (can always add more). It should not be viewed similar to lending/staking where yield accrues per day/block. A years gain can come in just one volatile month. Constant exposure to the Haven is highly recommended because we don’t know when that volatility will occur, only that we won’t miss it.
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.
This Haven favors the short-term dollar generated volatility, allowing it to minimize the downside $ risk. Unlike the crypto Havens, this will not ride out a bear market in coins, ensuring this Haven has cash on hand when markets correct or crash in order to buy the dips.
*Not just volatility, yield too. In periods of low vol, Havens will seek the best yield opportunity (stake, lend, etc.) in USDC, 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).
DO NOT USE AN EXCHANGE WALLET TO ENTER HAVENS
Supply desired asset to corresponding Haven. In exchange you’ll receive tokens representing your assets in the rebalancing portfolio. These vault tokens are how you redeem your assets.
As part of the new blockchain/DeFi world it’s important to understand these are new software & protocols. Read risk section to gain more knowledge.
Due to the way Havens function at the protocol level, they may have significant tax advantages.
You Think Volatility Is Your Ally
But You Merely Adopted The Volatility
Chain Haven Was Born In It
Molded By It
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