Pindar

Positions settle in USDC on Elysium against Hyperliquid funding fed by a keeper. Unaudited contracts at launch, with capped markets: only use what you can afford to lose.

Vault

The vault takes the other side of every position. It earns the gap between the fixed rates it quotes and the funding it pays, plus every opening fee, and it carries the risk that funding moves against it. Each position's profit is capped and set aside when it opens, so the vault always holds what it owes.

Vault value
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Free to withdraw
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Backing positions
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Your share
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Provide liquidity in USDC.

A deposit can be withdrawn 24 hours after it is made, from whatever liquidity is not backing open positions.

Your share moves with the vault: up when traders lose or pay fees, down when they win. Its value marks every open position to the latest funding on-chain.