The pair is self-hedging — the long leg is sized against the short book’s down-beta so net market exposure stays bounded — and self-protecting: every leg carries a trailing reduce-only stop, re-armed each cycle. Sizing, the §6 risk gates (net-beta band, gross cap, correlation regime, liquidation distance, adverse funding) and every entry run through Human-In-The-Loop approval. Percent and ratio only — position sizes are not disclosed, and the short book’s constituents are aliased (a published short book is squeeze bait). Updated 2026-08-23 22:53 UTC.

Index history since inception (the fund’s sleeve return is the index move). Live legs, marks and the combined pair curve run on Hyperliquid; the pro terminal streams the index.

Combined hedged return — +0.99%

The pair’s own net return (this book + its hedge peer), weighted exactly as the Combined stat above, against a 0% market-neutral reference. Sampled hourly.

Holdings are disclosed by design — this is the tradable index. direct = the component’s core business is the theme; hidden = a real but non-obvious supply-chain or second-order connection surfaced by the vector model. Relevance is the Tuatara affinity score (0–1, normalized).

News and research events the platform’s signal layer linked to this fund’s components — inputs that prioritize the next portfolio re-measure. Signals never trade by themselves.