Graduated / cbBTC Neutral Core

GRADUATEDcbBTC/USDCPriime Pools

cbBTC Neutral Core

by you.eth

Open in builder

Verdict · Modeled, not realized.

Looks profitable

Conservative case clears 14.9%; good case reaches 35.0%. Drag is dominated by lvr (rebalancing drag).

Net APY band

15% → 35%

Delta-neutral · Modeled, not realized.

Capacity

$10.53M

$10.53M capacity · 1% full — limited by pool depth.

Fees vs. rebalancing

2.7×

Fees cover rebalancing loss 2.7×

Rebalance cadence

54×/yr

~54×/yr · ~7d in range

Est. max drawdown

Mild — modeled worst-case dip.

Funding income

4.0%

Carry the hedge earns on top of fees.

P&L attribution — good case

Gross pool fees

+$56,067

LVR (rebalancing drag)

-$20,951

Hedge funding

+$3,040

Hedge spread

-$2,052

Spread / route cost

-$1,520

Idle yield

+$1,200

Gas

-$648

Transition cost

-$135

Signed contribution of each term to modeled net P&L. Modeled, not realized.

Operating42 days live

Realized APY7% → 20%13.7% midpoint

Modeled headline35.0%15% → 35%

Realized vs modeled-21.3%behind model

Realized drawdown5.6%vs 4.7% modeled

Realized figures are a deterministic mock track record. No funds move.

Strategy graph

Read-only preview

ModulesEvery module is audited or first-party

FETCH

Liquidity Source

Priime Pools — the concentrated-liquidity base position.

First-party

COMPUTE

Auto Center

Keeps your liquidity centered on price, earning fees in-range.

First-party

COMPUTE

Auto Hedge

Shorts to cancel price exposure — earns fees without betting on direction.

First-party

SETTLE

Auto Compound

Harvests and reinvests fees, batched to keep gas low.

First-party

SETTLE

Endogenous Risk

Watches the strategy's own vitals and corrects before things break.

First-party

SETTLE

Exogenous Risk

Watches oracles, venues and depegs — de-risks when the world breaks.

First-party