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Frequently Asked Questions

What am I depositing into?​

Etesia Multistrat, a quantitative investment vehicle, leveraging multiple different strategies to provide return on investment that is not correlated to existing benchmarks or indices. It runs as a Lagoon ERC-7540 vault on HyperEVM and trades on Hyperliquid. You deposit USDC and receive etesiaUSDC shares that track the vault'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 \
  0xf38760cf03B1271746BDC4628E811D8e9c4eB09e "feeRates()(uint16,uint16)"

Fees + Redemption Period has the mechanics.

Is there a lock-up?​

Withdrawals are not instant. They are paid once per day, at 12:00 UTC: a request made before 08:00 UTC is paid the same day, a later request at 12:00 UTC the next day.

Why is my deposit still pending?​

Deposits usually settle within minutes. On a day with a pending withdrawal, a deposit made between 08:00 and 12:00 UTC settles at 12:00 UTC. 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. 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. The Safe is a 3-of-5 multisig: it has five owners, and a transaction from the owners needs three of their signatures. The owner set, the threshold and the modules are public. Contract Addresses 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?​

The vault is readable onchain, and Lagoon's SDK and GraphQL API cover the accounting and the event history. API & SDK has the call surface and the gotchas. To start an integration, write to contact@etesiar.com: we answer the technical questions and add what your integration needs.

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.