Graduated / WETH/cbBTC Carry, Hedged
GRADUATEDWETH/cbBTCPriime Pools

WETH/cbBTC Carry, Hedged

by mara.eth
Open in builder
Verdict · Modeled, not realized.
Looks profitable
Conservative case clears 13.0%; good case reaches 28.8%. Drag is dominated by lvr (rebalancing drag).
Net APY band
13% → 29%
Delta-neutral · Modeled, not realized.
Capacity
$4.74M
$4.74M capacity · 2% full — limited by pool depth.
Fees vs. rebalancing
2.7×
Fees cover rebalancing loss 2.7×
Rebalance cadence
21×/yr
~21×/yr · ~18d in range
Est. max drawdown
6%
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
+$32,837
LVR (rebalancing drag)
-$12,354
Hedge funding
+$2,280
Spread / route cost
-$1,140
Idle yield
+$900
Hedge spread
-$599
Gas
-$252
Transition cost
-$53
Signed contribution of each term to modeled net P&L. Modeled, not realized.
Operating42 days live
Realized APY8% → 16%12.0% midpoint
Modeled headline28.8%13% → 29%
Realized vs modeled-16.8%behind model
Realized drawdown6.4%vs 6.0% 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