ETH+ Looping DeFi Yield Strategy

Last update: Sept 19th

Kaltra is pleased to present the ETH+ Looping DeFi Yield Strategy

Administrator: Boreal

Deposit: Daily Withdrawals: Weekly (t+7)

About the Strategy: The strategy is to loop the brETH token on Morpho up to 7x leverage, depending on market conditions. Risk management aims to maximize returns and minimize drawdowns by monitoring on-chain LTV and borrow costs. Typically this is maintaining <86% LTV.

Policy managed wallet	Vault Contract
0xdE72B3D479076A230442a8E189F6b3e2EAccaAED	0x1eF942401C74650a54319D4BD67D1CB69F548c96

Vault Token Symbol (a-token)
brETH-L

Deposit assets supported
wETH

Fees:

Fee type	Fee	Notes
Performance	15%	Must exceed water mark for positive return
TVL	0.5%	Kaltra platform flat fee

Source of yield:

Leverage looping brETH to 7x in Morpho

Enforced Capabilities:

Policy Managed Wallet Address:

0xdE72B3D479076A230442a8E189F6b3e2EAccaAED

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

Lending and Other Protocols

The strategy optimizes capital efficiency by deploying assets in:

Morpho - Enhances peer-to-peer lending efficiency
Kaltra - Strategy buys the brETH token to leverage loop it on Morpho

Supported Assets

The strategy supports

wETH
brETH
brETH-L

Enforced Deposit and Withdrawal Policies:

Note that withdrawals are locked during the NAV update period, 17:30 UTC (1:30pm EDT) + ~2hrs Deposits can be made during the lock 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 (1:30pm EDT)
Withdrawal Processed	Daily requests, but rolling weekly schedule. Submit prior to 17:30 UTC, (1:30pm EDT); available 7 days later + ~2hrs for processing

Initial Calendar Example

Action type	Date/Cutoff	Notes
Initial Deposit Request	TBD	Begins accepting deposits
Deposit Processed	TBD	Cutoff by which time you need to deposit
First Withdrawal Request	TBD	Cutoff to request withdrawal
First Withdrawal Processed	TBD	When withdrawals will be processed and claimable. You'll have to manually claim on platform

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.