Why LPs Participate

Hyro vaults are a high-risk allocation. Returns are tied to live trader PnL — not a fixed yield, not a synthetic basis trade, not a lending APR. Expect drawdowns. See Risk Disclosure.

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.

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How it works in one paragraph