FAQ

What is ASPE Labs?

ASPE Labs is a quantitative yield lab building on-chain vault strategies. The first product is an automated grid trading vault on Hyperliquid, offering verifiable real yield with 0% management fee and full transparency. See What is ASPE Labs?

Who operates the vault?

Built by a quant engineer with background in mathematics and blockchain infrastructure. The operator has been running the strategy with own capital since February 2025. ASPE Labs operates pseudonymously — identity disclosure is planned for later phases once a legal structure is in place.

How does the grid trading strategy work?

ASPE Labs operates automated grid trading on Hyperliquid perpetual markets. The strategy places orders at multiple price levels and profits from volatility within ranges. All parameters are managed off-chain by the trading bot — the strategy logic is never on-chain, protecting intellectual property by design. For details on how the vault secures your funds, see Security.

What is the track record?

+193.5% total return (TWR) over ~13 months operating with own capital. Sharpe ratio of 1.86 and maximum drawdown of -40.3%. Full performance data and monthly returns available on the Track Record page.

What are the fees?

0% management fee. 10% performance fee on new highs only (high-water mark). No entry or exit fees. If there is no profit, there is no fee. See Fees.

Can I lose money?

Yes. The strategy has experienced drawdowns including -40.3% peak-to-trough. Smart contracts may contain bugs. Hyperliquid could experience downtime or failure. You should only deposit what you can afford to lose. See Understanding Risks.

How do I deposit?

Connect a wallet (MetaMask, Rabby) to HyperEVM, approve USDC spending, and deposit. You receive vault shares immediately. See Depositing.

How do I withdraw?

Call requestRedeem with your shares, wait for the bot to close positions (~5 seconds normally), then call claimRedeem to receive USDC. See Withdrawing.

How long does a withdrawal take?

Under normal conditions, approximately 5 seconds. Under stress (large simultaneous withdrawals, thin market liquidity), it may take multiple bot iterations. In extreme cases, the guardian can trigger emergency withdrawal for pro-rata distribution.

Is the vault audited?

The contracts have undergone internal review with comprehensive testing. Source code is verified on-chain via Sourcify. A formal third-party audit is planned for Phase 1. See Security.

What if there is a smart contract bug?

The vault uses an upgradeable proxy with a timelock. If a bug is found, the implementation can be updated after the timelock delay. In critical scenarios, the guardian can pause the vault and trigger emergency withdrawal. No smart contract is guaranteed to be bug-free.

What if the operator disappears?

Your funds remain in the vault smart contract. The guardian (a separate role) can trigger emergency withdrawal, distributing all assets pro-rata to depositors. The trading bot would stop, but you would not lose access to your capital.

Can I verify operations on-chain?

Yes. The vault is on HyperEVM and all transactions are visible on the block explorer. Trading activity is visible on HyperCore. The vault's total assets, share price, and fee state are queryable on-chain. See Contract Addresses.

What is ERC4626?

ERC4626 is a standard interface for tokenized vaults on Ethereum (and EVM-compatible chains). It defines how deposits, withdrawals, and share accounting work. This standard makes the vault compatible with other DeFi protocols and tools — your vault shares are standard ERC20 tokens that can be transferred, used as collateral, or integrated by aggregators.

Is there a token?

No. There is no ASPE Labs governance token. Vault shares are the only token issued, and they represent direct ownership of vault assets. A token may be considered in later phases only if justified by traction and supported by a legal structure.

Related links

• What is ASPE Labs? — overview

• How It Works — technical details

• Security — vault security model