Returns, stated the
only honest way
Opencurve is a young book and we will not imply a track record we do not have. What we publish is where the return comes from, how each component is measured, and the floor beneath which capital does not stay deployed.
Where the return comes from
| Book | Indicative range | Character |
|---|---|---|
| Concentrated liquidity | 10 – 16% | stable-stable pools only |
| Fixed-rate credit | 11 – 18% | locked at entry, 6–12 week ladder |
| Curated vaults | 4 – 9% | the liquid base of the book |
| Money-market floor | 3.7 – 4.1% | where capital sits when nothing clears |
These are ranges observed in live venues over measured windows, not projections. Realised blend depends on the mandate, on what clears verification at the time, and on how much of the book is sitting at the floor.
Three rules we report against
The long window governs
Where a thirty-day rate runs ahead of the ninety-day, the ninety-day is what gets budgeted. The short window flatters young positions and expiring campaigns.
Realised, not marked
Performance is measured from what a dollar became, not from a mark. Fees are charged on the same basis.
Modelled is labelled
Most of the book is measured exactly. Liquidity positions are partly modelled, and every report says which is which.
Disclosure
Indicative ranges are historical measurements of live venues over specific windows and are not a forecast. On-chain strategies carry smart-contract risk, stablecoin depeg risk, counterparty and credit risk, and liquidity risk; capital is at risk and losses can exceed the yield earned. Opencurve Capital does not take custody of client assets, does not solicit the public, and nothing on this site constitutes an offer or solicitation to buy any security or interest.