Last update: June 6, 2026
Kaltra is pleased to present the ETH+ Alpha DeFi DeFi Yield Strategy.
Administrator: Boreal
Deposits: Daily Withdrawals Requests: t+1
About the Strategy: The strategy deploys to vetted DeFi protocols seeking risk-adjusted ETH-denominated yields. When appropriate, the strategy will borrow stablecoins against ETH to generate dollar denominated yields and continually purchase ETH to maintain 1:1 parity. Its objective is to generate market-neutral returns in DeFi by capitalizing on yield opportunities while managing risk and limiting exposure to market volatility.
The administrator employs investment strategies adapted from traditional finance, such as liquidity provision, futures basis, yield arbitrage, and tactical leverage, to build robust systems designed to generate desirable risk-adjusted returns.
The approach focuses on leading Layer-1 and Layer-2 blockchains and protocols and relies on extensive risk management expertise developed over multiple market cycles, ensuring strong performance and security.
**DISCLAIMER: The strategy includes leverage, please review the wallet for your own due diligence.
| Policy managed wallet |
|---|
| 0x8C2527051D0E98ad09211749FafbE1Aa590c01B3 |
| Vault Token Symbol | Description | Contract Address | |
|---|---|---|---|
| brETH | Rebasing vault token | 0x3588e6Cb5DCa99E35bA2E2a5D42cdDb46365e71B |
| Wrapped Vault Token (non-rebasing) | Description | Contract Address | |
|---|---|---|---|
| wbrETH | Non-rebasing vault token that may be deployable in external markets | 0x91094D333e018f81874D62E27522479BEC131b5f |
| Deposit assets supported | |
|---|---|
| wETH |
Fees:
| Fee type | Fee | Notes |
|---|---|---|
| Performance | 15% | Must exceed water mark for positive return |
| TVL | 1.0% | Kaltra platform flat fee |
Source of yield:
Enforced Capabilities:
Policy Managed Wallet Address: 0x8C2527051D0E98ad09211749FafbE1Aa590c01B3
Funds movement is limited by the Kaltra Protector for MPC wallets, the Policy Managed Wallet, with Kaltra Platform serving as a policy administrator. Neither Kaltra nor the Vault Administrator can unilaterally withdraw funds out of this wallet. Funds are non-custodial and limited to the following protocols, assets, and bridges:
Chains: Ethereum, Base, Arbitrum, Avalanche, Polygon, Optimism, Sonic
Decentralized Exchanges (DEXs)
The strategy leverages top DEXs to enable efficient asset swapping, liquidity provision, and yield opportunities:
Lending and Borrowing Protocols
The strategy optimizes capital efficiency by employing robust lending and borrowing protocols:
Leverage and Advanced Lending
The strategy incorporates advanced tools for leveraging positions and unique borrowing solutions:
Cross-Chain Bridges
The strategy integrates various cross-chain bridges:
Supported Assets
The strategy supports a wide range of assets for liquidity, stability, and innovation:
Blockchain Networks
The strategy ensures interoperability by utilizing multiple blockchain networks: Ethereum, Polygon, Arbitrum, Optimism, Base, Avalanche
Enforced Deposit and Withdrawal Policies:
Note that withdrawals are locked during the NAV update period.
| Action Type | Cutoff |
|---|---|
| Deposit Request | Daily, submit prior to 17:30 UTC (1:30pm EDT) |
| Deposit Processed | 17:30 UTC (1:30pm EDT) + ~2hrs |
| Withdrawal Request | Submit prior to 17:30 UTC (2:00pm EDT) |
| Withdrawal Processed | Daily requests, but rolling daily schedule. Submit prior to 17:30 UTC, (1:30pm EDT); Typically available 1 day later + ~2hrs for processing |
Disclaimer: Dates listed above may be subject to change with or without notice. Supported assets, wallets, and/or protocols may be updated in line with Changing A Vault's Investment Policy *rules. Target rate for the vault is illustrative and the reported rate will depend on actual performance. Eligible users only, please see Terms and Conditions for more information.