Institutional Yield Series

Yield Extracting Strategy (YES)

Digital Asset Floating Rates

ETH Ecosystem

Multi-Protocol

Principal Architect

Christian Silva, Ph.D., FRM

REALIZED PERFORMANCE

Investment Thesis

Actively pursue the highest possible yield on the Ethereum blockchain by building diversified portfolios of low-risk DeFi stablecoins. The strategy earns high liquidity DeFi yield by periodically rebalancing between stablecoins and various protocols.

Inception

April 2025

Base Currency

USD (Stablecoins)

Quantitative Risk Metrics

7.7%

Ann. Return

0.58%

Ann. Volatility

5.8

Sharpe Ratio

0.0%

Max Drawdown

0.0%

Downside Std Dev

4.32%

Benchmark Return

Cumulative Performance vs. Benchmark

Growth of $1.00 Invested at Inception

YES

Fed Funds Rate

Monthly Realized Alpha

Reporting Period	Monthly Return	Ex-Post Yield

Core Protocol Exposure

Lending & Borrowing

AAVE, Compound, Morpho, Fluid, Curve

Staked Stablecoins

sUSDS, sFRAX

Liquidity Provision

Curve, Balancer, Convex

*Allocation is non-static and optimized across protocols based on risk-adjusted yield spreads.