Velor

Pre-launch. Velor is in development. These docs describe the protocol as it will operate at mainnet launch: contract addresses, audit reports, execution-quality data, and live track records will be published here the moment they exist.

Part III · For Strategists

Strategist economics

  • Management fee: 0% at launch, adjustable later within a 0–2%/yr band, accrued continuously against your basket's balance and claimable anytime. Velor's share: 15–30% (15% for founding strategists).
  • Performance fee: 20%, charged only on gains above your basket's all-time-high NAV per share (its high-water mark), crystallized weekly. The claim: you earn a performance fee only when depositors are better off than they have ever been, never on a recovery back to a level the basket already reached. How to verify it: the high-water mark lives in the vault's onchain state, one number per share that only ever ratchets up; each weekly crystallization reads it, and both the mark and every crystallization event show on your basket page and onchain, so a fee charged below a prior high would be visible to anyone.
  • Capacity: every basket has a cap sized to real market liquidity, which grows with your live track record. Caps protect your execution quality and your depositors; a basket that outgrows its markets hurts everyone in it.
  • Velor Marks: strategists earn Marks on fee revenue and external deposits (see Marks & VLR).