Managed Vaults

We're taking applications for capital managers to launch any number of their own vaults.

Why manage vaults with Defx

• Existing DeFi + Perps: you can build strategies that interact with AMMs, LSTs, lending protocols, and use perps (Defx, Lighter, and HyperLiquid) to create unique structured products

• Get USD and crypto TVL: create strategies that manage BTC, ETH, LSTs, and USDC

• Composable with existing DeFi: include your yield bearing tokens within Morpho/Superform vaults you manage

• Distribution: access to customer distribution and ability to manage capital premissionlessly

• Technology: clear separation between protocol risk and your strategy risk

You focus on generating risk-adjusted returns; the protocol handles the plumbing.

If this is a good fit for you, apply here: https://forms.gle/vTHattoPck6DxPRp6

What makes a good vault manager

• Treat risk limits as hard rails, not suggestions

• Build and maintain robust execution and monitoring infra

• Design strategies that degrade gracefully in stress, rather than all or nothing

• Are willing to wind down or pivot when the edge decays

Approval criteria

• Clear description of the strategy and its edge

• A demonstrable track record of successfully executing the strategy, or equivalent relevant experience

• Defined risk profile:

  • Max leverage, max single-asset exposure, max drawdown, scenario assumptions

• Operational details:

  • How trades are executed, failover plans, monitoring