Loading
Operators
Download CSVThe accountable party behind each vault, with its whole cohort — the denominator, not the survivor.Note 18
| # | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1 | protocol | 28 | — | — | $1.22B | unknown | app.concrete.xyz | |
| 2 |  2 linked records | curator firm | 45 | — | 18 | $1.14B | autonomous | gauntlet.xyz |
| 3 | curator firm | 19 | — | 13 | $436.62M | autonomous | steakhouse.financial | |
| 4 | protocol | 4 | — | — | $364.23M | unknown | ether.fi | |
| 5 | 2 linked records | unknown | 8 | — | 3 | $322.75M | unknown | — |
| 6 | curator firm | 54 | — | 6 | $290.87M | autonomous | — | |
| 7 | curator firm | 9 | — | 4 | $277.44M | autonomous | — | |
| 8 | curator firm | 2 | — | — | $249.88M | unknown | spark.fi | |
| 9 | protocol | 4 | — | — | $107.47M | unknown | veda.tech | |
| 10 | protocol | 45 | — | — | $94.27M | unknown | lagoon.finance | |
| 11 | curator firm | 2 | — | — | $78.94M | unknown | — | |
| 12 | protocol | 22 | — | — | $72.78M | unknown | ember.so | |
| 13 | protocol | 7 | — | — | $64.19M | unknown | app.upshift.finance | |
| 14 | unknown | 12 | — | — | $50.71M | unknown | — | |
| 15 | protocol | 6 | — | — | $44.34M | unknown | app.makina.finance | |
| 16 | curator firm | 11 | — | — | $42.11M | unknown | — | |
| 17 | curator firm | 5 | — | — | $39.75M | unknown | usefelix.xyz | |
| 18 | 2 linked records | protocol | 2 | — | — | $34.86M | unknown | app.avantprotocol.com/rewards?ref=defillama |
| 19 | curator firm | 10 | — | — | $32.60M | unknown | — | |
| 20 | protocol | 8 | — | — | $31.70M | unknown | d2.finance/strategies | |
| 21 | unknown | 5 | 2 | 2 | $27.91M | rules-automated | — | |
| 22 | curator firm | 2 | — | — | $24.93M | model-assisted | — | |
| 23 | protocol | 9 | — | — | $24.57M | unknown | yieldnest.finance | |
| 24 | curator firm | 4 | — | — | $24.50M | unknown | — | |
| 25 | curator firm | 2 | — | — | $24.29M | unknown | hakutora.xyz |
1–25 of 367 operators
…
What the track record leaves out
The same firms measured twice: across the strategies still running, which is the figure anyone would quote, and across every strategy they launched. The gap is survivorship — the part of a record made of vaults that are no longer there. It needs nobody’s cooperation to compute, which is why it is not published anywhere a firm controls.
38 of 367 firms have closed at least one strategy, and 1 can be measured this way. The rest are firms too small for the difference to mean anything, or firms whose closures we cannot price — the largest being one with 14 closed strategies. That is a limit of this reading, not a finding about them.
| Firm | Launched | Closed | Survivors say | All of them say | Gap | Capital in the closed |
|---|---|---|---|---|---|---|
| LowRiskCryptoGainer | 4 | 3 | 1.1% | -28.4% | +29.5% up — survivorship gap | $0 |
37 firms have closed strategies that could not be measured this way: 0x3b29…c7e7 (only 5 of 14 closed strategies can be priced — the unpriced ones would flatter this), VectorZero (only 2 launched — too few for the difference to mean anything), Jade Lotus Capital (only 1 of 2 closed strategies can be priced — the unpriced ones would flatter this), Trader Sarah's (only 0 of 2 closed strategies can be priced — the unpriced ones would flatter this), +convexity (only 2 launched — too few for the difference to mean anything), FuturAI Labs (only 0 of 1 closed strategies can be priced — the unpriced ones would flatter this), and others. Listed because a firm whose closures cannot be priced is the case where this gap would be widest, and omitting it would repeat the deletion being measured.