Vault FAQ
How do I deposit into Vaults? Follow our How To Use Guide for step-by-step instructions.
Can anyone else withdraw my funds? No. Only you, the depositor, can withdraw your assets. Neither Perena nor our partners have withdrawal permissions.
Are the Vaults audited? Yes. Vaults use Drift Vault architecture, audited by multiple firms. See audits:
Can the JLP DN Vault get liquidated? Liquidation risk is minimal. We hedge delta exposure and dynamically reduce leverage to stay safe.
What if hedge short positions rise sharply? No issue—our collateral (JLP) increases in value at the same time, keeping the position safe.
Can low-liquidity tokens be manipulated to drain funds? No. We only trade tokens listed on Drift, which prevents such exploits.
How do you achieve the advertised APY? We earn trading, liquidation, and margin fees by holding and hedging JLP collateral, creating a delta-neutral yield.
Is the APY sustainable? APY depends on trading activity, borrowing costs, and JLP’s AUM. Market conditions can cause fluctuations.
What are the risks? See detailed risks for JLP Delta Neutral Strategy and full risk statement.
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