Strategies42 hold all their rules today
Versions4No changes yet
Notice7 daysaverage notice before a new version
Vaults running them0No vault runs a strategy yet: the record below is dawns' evaluation, not realized returns

Evaluated net APY, day by day

the version in force each day
0%11%22%2026-09-282026-09-29
Hover for a day's readings
Stablecoin lending, exits firstKAS core liquidityKAS pair fees, 90-day termPrivate credit, three borrowers (testnet)

Native yield of the legs that could take capital that day, minus the strategist's fees, from on-chain rates and swap volume. It becomes a realized track record once a vault runs the strategy.

Open termHolds with warningsStablecoin lending, exits firstRedeem from reservePermissionlessExit fee 0.5%Dollar lending on Kaskad, split across USDC and USDT so neither market carries the vault. New capital stops the moment a market's suppliers cannot leave, and 30% stays in reserve for redemptions.
Net APY1.2%Out now65%Legs2Perf. fee10%By Dawns · referencev1 · a201d679b62fOpen termHoldsKAS core liquidityRedeem ≤ 3dPermissionlessExit fee 0.5%Stay close to KAS: fees from the two WiKAS pairs with the most real volume, one against USDC and one against ZEAL. Half the exposure is KAS itself; the rest a dollar and a DEX token. Sized small, because the pools are.
Net APY17.3%Out now100%Legs2Perf. fee15%By Dawns · referencev1 · 458d4ee61bf8Fixed termHoldsKAS pair fees, 90-day term90-day termPermissionlessTrading fees from three KAS pairs on two DEXes. Volatile and exposed to small tokens, so it runs as a 90-day fixed term: deposits for 14 days, no redemptions before maturity.
Net APY22.0%Out now100%Legs3Perf. fee20%By Dawns · referencev1 · ce1b0019f11dOpen termHolds with warningsPrivate credit, three borrowers (testnet)Redeem from reservePermissionlessExit fee 0.3%Short loans to three named borrowers, each capped, with 30% of the vault kept liquid. Repayments can only return to the vault; a loan late past its week of grace is written down 25% a month by rule. The borrowers are invented test names: it exists to show a strategy becoming a credit vault on testnet-10.
Net APY7.2%Out now30%Legs3Perf. fee0%By Dawns · referencev1 · 44540c32f822

Every change

published → in force, with what changed

No strategy has a second version yet. Every change will appear here with its date and what it changed, safer or riskier for depositors.

Expected yield is native only and not a promise. Net APY today: Stablecoin lending, exits first 1.2% · KAS core liquidity 17.3% · KAS pair fees, 90-day term 22.0% · Private credit, three borrowers (testnet) 7.2%.