Risk Factors

Key risks associated with investing in Volta90.

Important Disclaimer

Investing in Volta90 involves significant risk, including the potential loss of all invested capital. This documentation does not constitute financial or investment advice.

Market Risk

The vault trades perpetual futures and spot assets on Hyperliquid. Returns depend on the manager's ability to generate alpha in volatile markets. Adverse conditions, drawdowns, or strategy failures can result in significant or total loss.

Smart Contract Risk

Vault assets are held in smart contracts on Arbitrum. While the Lagoon protocol has been audited, no smart contract is free from bugs or exploits. A critical vulnerability could result in partial or total loss of funds.

Oracle / NAV Risk

NAV is reported by a trusted party, not computed fully on-chain. An inaccurate or malicious NAV submission can cause unfair settlement for depositors or withdrawers. The valuation provider's integrity is a core trust assumption.

Liquidity Risk

Withdrawals are processed weekly at epoch boundaries. There is no secondary market for VLT90 shares. In extreme scenarios, the vault could face constraints if positions cannot be unwound in time to meet redemptions.

Counterparty Risk — Hyperliquid

Capital deployed on Hyperliquid is subject to that platform's risks: smart contract bugs, exchange downtime, governance failures, or insolvency. Hyperliquid is a separate chain with its own trust model, distinct from Arbitrum's security guarantees.

Manager Risk

All vault performance depends on the manager's trading decisions. Past performance does not guarantee future results. The manager may incur losses, make execution errors, or experience adverse risk events. There are no stop-loss guarantees enforced at the protocol level.