Direct Vault applications open to external managers in Phase 2 (Q1 2027). At launch, Direct Vaults are limited to hand-selected HyroTrader graduates.
Who it’s for
Individual professional traders
Personal track record, personal stake, personal KYC.
Funds, partnerships, RIAs
The entity is the vault manager; named principals are attested.
Algorithmic trading desks
Strategy disclosed at a high level; optional code review for senior tiers.
Market makers
Vault used to underwrite MM inventory, with a transparency commitment.
Why a Direct Vault
LP capital on your terms
You set the performance fee (10–30%), lockup, min deposit, visibility, and access rules at creation.
Multi-venue
Not locked to a single platform. Bybit today; more CEXes and on-chain DEXes as integration completes.
Position privacy
Aggregate-only mode is the default — your live position book stays hidden from copy-trading bots.
On-chain track record
Your performance is verifiable per LP cost basis, building a portable, provable history.
Direct Vault vs Challenge Vault
| Challenge Vault | Direct Vault | |
|---|---|---|
| Who | Traders without a track record | Verified managers with one |
| Entry | Pay a fee, pass evaluation | Apply with track record, no fee |
| Economics | Fixed 20% perf fee | Configurable 10–30% |
| Fee split | 80% trader / 15% LPs / 5% protocol | 90% manager / 5% protocol / 5% insurance |
| Visibility default | Public | Aggregate-only |
| Available | Q4 2026 | Q1 2027 (external) |
Eligibility & Application
Criteria, the 5-step process, and what’s required by applicant type.
Vault Configuration
Every parameter you control at vault creation.