- MDD
- -3.20%
- Sharpe
- 1.72
- Win rate
- 57.2%
- Vol 30D
- $18.52M
- Age
- 937d
- Skin in game
- 8%
- Perf fee
- 0%
- Lockup
- 3d
- Depositors
- 10
- Description
- Protocol vault. Provides market-making and liquidation liquidity for Orbit; depositors share profits pro rata. No leader profit share.
- Harvest positive funding when basis is rich; cut inventory overnight around event risk.
- Process
- Continuous quoting, 1.5% inventory cap, daily public attestation.
- Custody
- Capital enters a MAIN illustration account, subscription moves to STRATEGY, exits return to MAIN then redeem. Segregation is illustrative.
| Market | Side | Size | Entry | Mark | uPnL (ROE) | Liq. price | Margin |
|---|---|---|---|---|---|---|---|
| BTC | long | $62,332 | 63,190.59 | 64,200.00 | $995.70 +13.31% | 45,497.22 | $7,480 |
| ETH | long | $99,178 | 3,415.57 | 3,420.00 | $128.68 +1.08% | 2,459.21 | $11,901 |
| USDT | short | $116,340 | 0.99 | 1.00 | -$1,140.77 -8.17% | 1.27 | $13,961 |
Community & manager updates
The manager's market reads, rebalance records and monthly letters, alongside depositors' discussion. All simulated.
Discussion
12 posts · 9 replies · 11 participants · Last activity 7 Sept 2026
- 8 Sept 2026via iPhone
OLP weekly: TVL $42.1M, 2,784 depositors, the 1.5% inventory cap held every day, liquidation revenue 0.9% of NAV for the week. Attestation published at 00:00 UTC as always.
- 7 Sept 2026via Web
Does the 3-day lockup restart every time I top up, or only on the first deposit?
It restarts on the topped-up amount only. Your earlier shares keep their original unlock date; the deposit sheet shows both.
Perfect, that is how it should work.
- 7 Sept 2026via Web
Inventory bands rebalanced after weekend flow.
Market Side Fill Weight BTC long 64,200.00 0.6%→0.9% ETH long 3,420.00 -0.4%→0.2% USDT cash 1.000 98.2%→97.6% Rebalanced 7 Sept 2026 - Quiet CompounderDepositor · 2025-106 Sept 2026via Web
Default parking spot for me now. 15% APR with a 3-day lockup and no manager cut. The fee structure is the alpha.
Same, with $BTC Funding Basis$ as the satellite. Two Harbor Key books, two very different jobs.
- 5 Sept 2026via Web
House book note: spreads on majors widened into the Friday print and we quoted through it. Liquidation flow was the largest since March, all absorbed within bands. Depositors earned that spread; nobody else did.
- Linh TranQuestion4 Sept 2026via Web
Newbie question: what actually happens to my deposit during a liquidation cascade? Do I lose money?
Your deposit is the inventory that buys liquidated positions at a discount. In a cascade the book marks down briefly and then earns the discount back as positions are unwound; that is the −3.2% max drawdown you see, followed by the recovery. The real risk is a gap so large the discount does not cover it. Bands are set so that needs a move of more than 25% in an hour.
- Linh Tran4 Sept 2026
Got it, thank you. Depositing.
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.
Runs Harbor Key's basis and funding books. Previously rates vol at a HK broker-dealer.
- Official posts
- 4
- Replies
- 1
- Last post
- 5 Sept 2026
House book note: spreads on majors widened into the Friday print and we quoted through it. Liquidation flow was the largest since March, all absorbed within bands. Depositors earned that spread; nobody else did.All vaults by this manager
Latest rebalances
Fills and weight changes the manager published
| Market | Side | Fill | Weight |
|---|---|---|---|
| BTC | long | 64,200.00 | 0.6%→0.9% |
| ETH | long | 3,420.00 | -0.4%→0.2% |
| USDT | cash | 1.000 | 98.2%→97.6% |
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.