Product tiers — honest

Yield packages

Three tiers by target APY and drawdown limit. The truth is not a marketing number — it is the STATUS of each tier: the higher the yield, the bigger the tail, and we measure it rather than hide it.

Conservative

LIVE · evidenced

up to 6% net APY · ≤3% drawdown

LIVE · evidenced · fundable

⚠ Worst drawdown: 0.0% realized to date (live paper track)

Full risk sheet

T1/T2 stablecoin lending — Aave, Compound, Morpho, Spark. Deterministic RiskPolicy gate, ≥$5M TVL floor, per-protocol caps. This is the book the desk actually runs on paper today.

The real, evidenced number. No leverage, no tail-compensation yield. This is what "safe" honestly means here.

L6 · live evidenced

Balanced

up to 12% net APY · ≤10% drawdown

RESEARCH · in the validation pipeline

⚠ Worst drawdown: ~4.5% (backtest, hedged sUSDe book) · budget ≤10%

Full risk sheet

sUSDe carry, Pendle YT-sUSDe. Risk-class C (yield paid for a tail). Paper-tested in the Aggressive Lab WITH its drawdowns labelled by event — never live-allocated until it passes the full lifecycle (yield-source + Red Team + ≥30-day paper + human approval).

Our engine already found this — and its tail. It stays in paper until it clears 30 forward days + a real vol event; that discipline IS the product. Real in the good months, measured in the bad. Join early-access to get in the day it clears.

L2 · paper / backtest

Aggressive

up to 20% net APY · ≤25% drawdown

RESEARCH · refused for live (by design)

⚠ Worst drawdown: up to ~50% (backtest, unhedged directional book) · budget ≤25%

Full risk sheet

Levered PT carry loops, points/incentive farming, unhedged directional restaking. Historically high headline (backtest: the levered loop compounds hard) — and a brutal tail: the unhedged directional book lost ~50% through the ETH crash; the levered loop carries liquidation-cascade risk.

This is the 12–20% advertised elsewhere as "yield". Our engine found it AND its ~50% tail — so it REFUSES live capital until it is proven. That refusal is what you are buying: nobody else publishes what they will not touch. Want the validation report first?

L2 · backtest · refused for live

Don't trust us — check us Live track record → Refusal log → Liquidation-NAV by size →

How a tier becomes available

A package is offered ONLY when its strategies pass the DSR gate on real data + the full Yield-Lab lifecycle (yield-source → protocol → liquidity → risk → Red Team → paper test → human approval). Today Conservative is real and evidenced; Balanced and Aggressive are research/paper, shown with the tail, and are NOT live-allocated.

The tail in numbers: 15% vs the real ~3.3% → Live risk monitoring → Live track & go-live →

Next — an honest conversation

If the conservative, evidenced track fits how you allocate — this is not an offer, it is a draft for a conversation with a design partner. Non-custodial, human-in-the-loop.

Design-partner pilot →

Non-custodial

We never hold keys, move funds, or sign. Your wallet stays your control.

Honest-first

Every number is evidence-tagged; paper is never shown as live; the tail is always shown.

Public track

A live paper track + go-live, checkable; every hash re-derivable with one zero-dependency verifier.

We show the bad news

A public refusal log, published NO-GOs, and real drawdowns. We publish what we declined.

Paper / advisory. Balanced and Aggressive are outside RiskPolicy, never live-allocated, and never touch the go-live track. Tier APY figures are the target bands of the evaluator.PACKAGES framework; realized numbers live on /status (Conservative) and in the Aggressive Lab (the rest). We never present paper/backtest as live.