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All vaultsThis is my vault, register it
Concrete · CTWBTC ethereum
CThe advertised rate has been moving
Over 21 daily readings it has ranged from 0.00% to 282.55%, averaging 28.04%. The tile below shows today’s quote alone.
21 readings is 21 days, not a year. We began taking them on 2026-09-19 and this window grows with the record rather than standing in for a longer one.
Much of this vault is held by people who are also in others
30.8% of the capital we can attribute here, or $803.3k, belongs to 2,734 addresses that also hold an open vault elsewhere, the deepest of them in 104. They can leave all of them on the same morning.
The concentration figure further down is about this vault alone and cannot see this. Dollars are each holder’s share of supply times the vault’s size, so this inherits both readings.
Taking money
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TVL
$2.59M
Return
—
no price history
The venue advertises
282.6%
a year, on their own figures
An outside source reads
Value and drawdown
Not enough history to plot. We need at least two NAV observations.
The rate, and the seven things that qualify it
A quoted rate is one input, not a verdict. These are the same seven fields in the same order for every vault, so a high rate and a high rate nobody can withdraw from do not look alike.
- Current quoted rate
- 283%As the venue states it, from Concrete. Passed on rather than adopted, and whether rewards are inside it is the next row.
- Rewards inside that rate
- 0.0%of it is a reward rateA published rate, not a verified payment. Promotional projections and amounts actually accrued are different things and this is the first.
- Realised return
- Too little share-price history to derive one. The quote stands alone until there is.Derived from the share price we read, over the window stated. Annualisation is secondary: the window is the measurement.
- Fee basis
- We do not read this vault’s share price, so we cannot say which fees the figure is net of.A return derived from the share price is net of whatever the venue already deducted. Fees charged outside it are not in either number.
- Withdrawable nowagainst it
- $0.00
No strategy has been declared for this vault
Everything above is reconstructed from public data. A declaration is free, signed from this vault’s own key, and cannot be edited afterwards.Note 28
Evidence
What a risk decision about this vault can rest on
Six questions, and what we hold for each. This is not a score and there is no letter at the end of it: the answers are different kinds of thing and compressing them into one number would hide exactly the part a reader needs. Where we have nothing, the row says so. 1 of 6 is not measured for this vault.
- What does it hold or lend into?DeclaredCTWBTCThe venue names a deposit asset. What the vault actually holds behind it has not been read.
- How much could leave now?Not measured—No exit reading. This is the figure that decides whether a position can be left, and we do not have it.
- Who runs it, and what else have they run?MeasuredConcreteA named operator with a record across every vault they run, including the ones that closed.
- What does it depend on?MeasuredConcrete on Ethereum
Passport
Who can move the money
ThinOne party holds more than one of the roles, or nobody can veto a change once its timelock expires.
- OwnerCan change the vault.
- 0x6caa4edc…f44b
- CuratorDecides what it lends against.
- none set
- GuardianCan veto a change while the timelock runs.
- none set
- What holds the keys
- A contract
- Notice before a change
- none on this path
- Can be halted
- yes, and it is halted now
- Can replace the code
- no proxy admin found
- no guardian, so no party can veto a timelocked change
- no curator is set, the owner holds curation directly
- the controller is a contract of a shape this reader does not recognise
What the manager moved
read 27 September 2026, over 30 daysRead over 30 days and no asset movement could be attributed to the manager. That is a reading, not an absence of one, every transfer in the window travelled with a deposit or a withdrawal.
Who is in it
Money in and out
Ledger read 46 minutes agoAnalyst tier
Detail is hidden, not absentWho is in this vault, and how much of it is one wallet
A vault that is eighty per cent one depositor is a vault whose price can be reset by a single withdrawal, and whose headline TVL says almost nothing about whether anyone else believes in it. Concentration is the risk a return figure never shows, and it moves before the return line does.
See what unlocksAlready a customer? Sign inWhat is still missing
- Operator cohort. We show what the venue still exposes; strategies deleted before we began observing are invisible, and only pre-registration can make a cohort provably complete.
- Gross-to-net waterfall. Returns are venue-reported and not yet decomposed into fees, funding and slippage.
- Off-chain exposure. Anything held on a centralised exchange is invisible to us, so the risk shown is a floor.