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Frequently Asked Questions

What am I depositing into?​

Etesia Multistrat, a Lagoon ERC-7540 vault on HyperEVM running a systematic trend-following program on Hyperliquid. You deposit USDC and receive etesiaUSDC shares that track the strategy's NAV.

Is there a minimum deposit?​

No. There is no minimum and no allowlist on the public vault.

What are the fees?​

1% management and 20% performance above the high-water mark. No deposit fee, no withdrawal fee. Read them from the contract yourself:

cast call --rpc-url https://rpc.hyperliquid.xyz/evm \
  0xe6b30da13c2c97aacd8ba3df4e97977725847fca "feeRates()(uint16,uint16)"

Fees + Redemption Period has the mechanics.

Is there a lock-up?​

Redemptions carry a 7 day cooldown, then settle at the next settlement. In normal operation that settlement is same-day.

Why is my deposit still pending?​

Deposits settle when the curator next settles: when a deposit or redemption is pending, or otherwise once per UTC day. Between your request and settlement your USDC sits in the silo, not in the strategy. If it has been longer than a day, write to contact@etesiar.com.

Can I lose money?​

Yes. The strategy is directional, long and short, and it has extended losing periods by construction, particularly in choppy markets. This is not a yield product. Read Risk Overview before depositing.

Is the track record live or simulated?​

The strategy went live on 27 May 2026. Everything before that date is a backtest with modelled costs. Published figures carry their windows on Etesia Multistrat.

Who holds custody?​

A Gnosis Safe and the Lagoon vault contract, not our servers. Owner sets, thresholds and modules are public; Security gives you the commands to read them.

What happens if Etesia's backend goes down?​

Your assets stay in the vault and nothing moves. Settlement stops, because pricing shares requires a NAV push, so redemption requests queue until service resumes.

Is the code audited?​

The Lagoon vault framework is, by Nethermind Security and Trail of Bits. Our own curator and executor code is not, and there is no public bug bounty. Security has the reports and the scope.

How is this different from a crypto index or a yield vault?​

An index is long-only: it falls when the market falls. A yield vault earns a rate with no directional upside. We can be long or short, target a level of volatility rather than a rate, and are structurally uncorrelated to both crypto and equities. Our Thesis is the full argument.

Is there an API?​

No. Read the vault contract directly; API & SDK covers the call surface and the gotchas.

Can I get a separately managed account?​

Yes, for allocators who need a mandate: own universe, own volatility target, negotiated fees, agreed reporting. Separately Managed Accounts, then contact@etesiar.com.

How do I start?​

app.etesiar.com. Connect a wallet holding USDC on HyperEVM and submit a deposit request. How They Work walks through the flow.