Read this before you deposit

Povaga Fund is an experimental AI-managed trading product. The vault holds depositor USDC inside a Hyperliquid User Vault smart contract. Funds are not held by us at any time. We act only as the manager who decides what trades the vault places.

What you can lose

You can lose part or all of your deposit. The committee makes trading decisions and those decisions can be wrong. Crypto perpetuals are leveraged instruments and prices can move suddenly.

The execution engine enforces hardcoded limits: maximum 25% of NAV per position, maximum 2× gross leverage, mandatory stop-loss on every entry, and a drawdown halt at −20% from the high watermark. These reduce but do not eliminate the risk of loss.

What we cannot do

We cannot move depositor funds to a different address. The Hyperliquid protocol restricts the vault leader (us) to placing trades — we cannot withdraw funds to ourselves. Even if our systems are fully compromised, the worst case is bad trading, not theft.

How profit is shared

When the vault grows above its all-time-high (high watermark), the Hyperliquid protocol distributes 10% of new profit to us as the manager and 90% remains in the vault for depositors. This is enforced on-chain.

Withdrawals

After your most recent deposit, a 24-hour lock applies before you can withdraw your share. After the lock, you withdraw any time via Hyperliquid's protocol. We do not gate withdrawals.

Past performance

Past performance does not guarantee future results. The fund publishes its equity curve and every committee memo. Read the memos and judge for yourself.

Not investment advice

Nothing on this site is investment advice. We are not a registered investment adviser. You alone are responsible for your decision to deposit.

Eligibility

Povaga Fund is not available to residents of the United States, the United Kingdom, China, or any sanctioned jurisdiction.