Individual Trader Vault
Concentrated exposure to one trader’s PnL. High risk, high upside.
Live at launch (Phase 1)
Live at launch (Phase 1)
Hyro Pool
Diversified, auto-allocated exposure across all verified traders. The HLP / sUSDe analog for prop trading.
Phase 2 (Q4 2026)
Phase 2 (Q4 2026)
Insurance Fund
Lower-yield, lower-risk pool. Covers drawdown overshoots, earns a share of challenge fees.
Phase 3 (Q2 2027)
Phase 3 (Q2 2027)
Tier / Strategy Pools
Filtered exposure — e.g. “90%-tier only” or “swing only.”
Phase 3+
Phase 3+
$HYRO Staking
Token-denominated share of all protocol fees, plus governance. Phase 3 (post-TGE).
The Hyro Pool
Single-pool, “back the house” exposure has scaled repeatedly in crypto — Ethena USDe (1B+), GMX GLP (~$600M). The Hyro Pool is the equivalent for crypto prop trading: deposit USDC, mint pool shares, get auto-allocated exposure across all currently-LP-fundable verified traders.The Hyro Pool is the protocol’s primary diversification product. Instead of picking one manager, you get broad coverage in a single deposit.
Choosing between them
| If you want… | Choose |
|---|---|
| To back one manager you believe in | Individual Trader Vault |
| Broad, hands-off diversification | Hyro Pool |
| Lower risk, lower yield | Insurance Fund |
| Exposure to a specific tier or style | Tier / Strategy Pools |
| Protocol-wide upside + governance | $HYRO staking |