Solutions / Vaults
Prove your strategy and risk limits held and raise from allocators who could never underwrite you before. Positions, weights and rebalancing logic never leave your infrastructure.
The problem
$15B sits in vaults where the curator can change the strategy and nobody outside can tell. Most never abuse it, and all of them pay for the ones who might.
Capital cannot tell discipline from a good quarter, so every curator is priced against the worst one the market remembers.
A backtest is produced after the outcome is known, by the party it flatters. Allocators discount it to nothing.
A real edge is exactly what publishing destroys, so the strategies worth running are the hardest to raise against.
The false choice
Every curator is offered the same trade, and both sides of it are expensive. The trade exists because showing what you did has been the only way to prove what you did.
Publish everything
Positions, sizing and rebalancing cadence are the curation. Publishing them in real time hands your edge to anyone willing to copy it.
Publish nothing
Depositors are asked for trust with no way to check it, so mandated capital either stays out or prices the doubt.
The third option
A proof separates two things that used to travel together. Whether you stayed inside the strategy becomes public. What the strategy actually did stays in the private witness.
What POY enforces
Compiled into the program the vault proves against, and checked before anything settles.
Run a model, a rules engine, or any program that compiles to RISC-V, and prove the action it produced came from the committed version of it.
The proof covers provenance, not performance. It says this action came from the committed program on the committed inputs, and says nothing about whether that program makes money.
Exposure ceilings, leverage bounds and drawdown thresholds are enforced by the onchain product itself, so a breach reverts rather than being reported.
Limits are checked per action, at execution. They bound what the vault may do, not what the market may do to a position it already holds.
Holdings, sizing and rebalancing logic stay in the private witness. What becomes public is that the rules held, not what the rules were applied to.
Weight and position privacy hold when you run your own prover, which is the first thing a careful depositor should ask you about.
Who this is for
Vault operators, quant managers and strategy teams whose next tranche of capital comes from allocators with a mandate rather than from a leaderboard.
How it works today
Depositors take your discipline on trust
Your backtest is a claim you cannot substantiate
Proving anything means giving away the edge
A risk limit is a line in the docs
With POY
Depositors verify the rules held, on any block
Performance is measured against a hash committed before the run
The proof is public and the positions are not
A risk limit is a condition of settlement
Prove the strategy held. Publish nothing.