What you need
How it works in one paragraph
You deposit USDC into a vault and receive vault shares minted at the current NAV. Your capital is routed to the manager’s Bybit sub-account; the manager trades; you earn carry on profits. When you withdraw, shares are burned and USDC returns at the prevailing NAV — with a high-water-mark-protected performance fee crystallizing on realized gains.Why LPs participate
Performance-based returns
Tied to actual live PnL of verified managers, uncorrelated with passive crypto holding.
Verified managers
Every manager has an on-chain track record, KYC/KYB, a skin-in-the-game stake, and smart-contract DD limits.
Transparent settlement
Every deposit, payout, and share mint/burn settles on Solana with a TXID, queryable independently.
Proof of reserves
The payout vault balance is on-chain at all times.
Hyro vs. other crypto yield
| Alternative | What it offers | What Hyro adds |
|---|---|---|
| Hold BTC / ETH | Beta exposure | Active-strategy alpha, uncorrelated with spot direction |
| SOL / ETH staking | ~5–8% APR | Performance-based, manager-driven alpha |
| Ethena (sUSDe) | Funding-rate basis trade | Multi-venue, manager-driven (not mechanical) |
| Kamino Vaults | Lending / LP yield | Active trading on real order books |
| Hyperliquid HLP | Single-venue MM vault | Multi-venue, verified-manager curation |
| Centralized copy-trading | Retail copy-trading | On-chain settlement, programmatic DD limits, no custodial counterparty risk on LP capital |
Explore LP products
Individual vaults, the Hyro Pool, insurance fund, and $HYRO staking.