Allocator diligence · public FAQ
Allocator diligence FAQ
Minimum commitment, lock-up, redemption, custody, audit, regulatory status, leverage, drawdown, key-person policy, fee mechanics, and independent verification — no email required to get an answer.
Scope of this page
Eighteen questions an investment committee asks before subscribing — answered directly, each pointing at the live artifact it depends on.
Eligibility & vehicle
Who can subscribe, what entities are on offer, and what a ticket actually buys.
01 · Eligibility
The published minimum ticket is $100,000, applied uniformly across the LP sidecar, DAO on-chain, and fund vehicles.
02 · Eligibility
Subscriptions settle against the desk's standard vehicle terms rather than a fixed multi-year lock-up; redemption timing is finalised with the qualified custodian at onboarding for the vehicle you select.
03 · Eligibility
Two access paths: a bespoke sidecar mandate for accredited LPs, and a compliant on-chain subscription for DAO treasuries. Both carry the same published fee band and the same $100,000 minimum.
Capital & redemption
How money moves in, how it moves back out, and on what notice.
04 · Capital
Capital sits in qualified, segregated custody — the desk is not the custodian and never holds a signing key over allocator funds. Custodian rows and per-asset balances are published and cross-foot against on-chain wallets.
05 · Capital
Redemption mechanics are finalised with the qualified custodian as part of vehicle onboarding, keyed to the same 16:00 UTC daily reconciliation cycle that settles fees and holdings.
Custody & audit
Where assets sit, who else can see them, and who checks the desk's work.
06 · Custody
The desk publishes its qualified custodian list on the treasury page, with segregated sub-custody by asset class and a daily 16:00 UTC reconciliation timestamp.
07 · Custody
Yes — sub-custody is segregated by asset class under the qualified custodian, and on-chain treasury wallets are independently readable at the public RPC, refreshed daily at 06:00 UTC.
08 · Custody
A Big-4 firm refreshes an engagement-agreement-level attestation on internal controls, and an independent auditor reconciles agent actions against the signed mandate at every close.
09 · Custody
The desk operates under bilateral sidecar mandates for accredited LPs and a compliant on-chain subscription structure for DAO treasuries — entity structure and subscription mechanics differ by vehicle, documented per path.
Risk & performance
The published limits the desk trades inside, and who is accountable for them.
10 · Risk
2.5x non-stable / 3.0x stable, published alongside live gross exposure and utilisation against that ceiling — not a static disclosure, a number the dashboard recomputes daily.
11 · Risk
An 8% hard drawdown cap applies desk-wide; position sizing auto-tightens as any sleeve approaches its slot of the shared risk budget, so a breach in one sleeve reduces budget for the others.
12 · Risk
Every agent operates on a signed mandate — a fixed leverage ceiling, drawdown cap, position limit, and venue set — reconciled by an independent auditor at each close, so trading discipline is enforced by the mandate rather than any single operator.
13 · Performance
Yes — the 10% performance fee applies only to net gains above a $20,000 per-account high-water mark, on top of a 1% per-annum management fee on AUM.
14 · Performance
Management fee accrues against AUM and the performance fee crystallises against the high-water mark on the same daily 16:00 UTC reconciliation cycle that settles holdings and custody balances.
Disclosure & verification
How an allocator re-derives every number independently, without asking the desk to vouch for itself.
15 · Verification
Every daily-return manifest is signed with HMAC-SHA256 over a disclosed canonical byte layout — an allocator can re-derive the hash and verify the signature against the published manifest endpoint without trusting the desk's narrative.
16 · Verification
Qualified-custodian attestations and on-chain treasury wallet balances are both refreshed daily at 06:00 UTC and published side by side, so custodian-reported and on-chain figures can be cross-checked against each other.
17 · Verification
The performance page publishes the desk's composite return alongside BTC and peer benchmarks with the methodology disclosed, and the same series is available as a read-only endpoint for a portfolio tool.
18 · Verification
The desk is a risk-budgeted mandate, not a launchpad for agent tokens: it never holds an agent-controlled wallet, capital sits with an independent qualified custodian, and every agent action is reconciled against the signed mandate at each close.
Risk policy · consolidated
Where the desk's published risk parameters live in one place, how the whitepaper reconciles with the live consolidation, and how the key-person / continuity policy is enforced.
19 · Risk
Every figure used to live in the whitepaper PDF and scattered across Q&A prose. The /risk-policy route now consolidates VaR budget, per-sleeve position-size bands, leverage ceiling, drawdown limits, key-person policy, and high-water-mark mechanics on one page, sourced from the same static mandate modules the per-strategy pages render.
20 · Risk
The risk policy lives in the same source modules that drive the per-strategy mandate pages, the PDF risk section, and the live dashboard. The numbers on /risk-policy therefore reconcile byte-for-byte with whichever artefact an allocator reads first — no drift, no static disclosure supplemented by a "current" footnote.
21 · Continuity
Every agent operates on a signed mandate — a fixed leverage ceiling, drawdown cap, position limit, venue set, and per-sleeve rebalance cadence. An independent auditor reconciles agent actions against that mandate at every close, and the risk-policy page lists the four pillars: signed mandate, attestation cadence, daily reconciliation, and continuity handover.
Speak with the desk
Ready for the full picture?
The allocator brief bundles the most recent daily memo, treasury report, signed PnL manifest, and the methodology note — sent before any pitch conversation.