Expected net is native yield after fees, from the strategy's live evaluation; token incentives are never added. Testnet vaults hold test KAS and earn nothing.
What stops a manager
A vault runs a strategy: browse strategies →1MandateApproved destinations, caps, a reserve, limits per move and per hour. Fixed at launch; its hash is in the vault's address.
2KeysAllocator moves capital. Valuer marks positions. Guardian stops the vault. No key does two jobs.
3CovenantEvery transaction is checked against the mandate by every Kaspa node. A breach is not reverted later: it never happens.
4ProofEach path is tested against the node's own script engine, every rule removed in turn to show a test catches it.
Testnet only, not audited. Vaults take no outside capital before an independent audit and a legal review.