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All vaultsThis is my vault, register it
Concrete · SBYTE
evidence grade BDue-diligence report: complete, dated, with a digest anybody can check
- Worst risk read
- depositor concentration, severe
- Not assessed
- market, liquidity
- Getting out
- the venue reports no withdrawable figure; no withdrawal simulated
- Readings
- capital read 14 November 2026, 01:35 UTC from the vault contract
Execution pattern
No automation observed
evidence: none · not who sets the strategy
Taking money
—
TVL
$2.00M
Return
Six risks, read separately
The same six across every vault we scoreSix risks, read separately
No strategy risk band: too little of this vault could be measured
There is no overall band for these dimensions to disagree with.
Evidence · Not scored · 2 of 4 components read (35% of the weight)
Point at a risk to read what it rests on.
No match on the OFAC SDN sanctions list
We checked 2 addresses: roles and direct holders against the digital currency addresses OFAC SDN published on 2026-11-13; none of them is on it.
Exact address matches against one list (OFAC SDN, version 55badef69280). Not a legal opinion, and no exact match is not a finding that no sanctioned party is involved.
Performance
Recent
not measured
the share price is not read as a return here
Max drawdown
not measured
the share price never fell more than 0.05% in 57 days
Sortino
—
return per unit of downside risk
Volatility
The record behind these figures
History
57d
over 287 readings from one source. The record below is longer: 289 readings in total (277 watched, 12 reconstructed), and the metrics use one source family rather than mixing them.
Deployed
17 September 2026
from the creation block on chain
Record begins
2026-09-29
began 2026-09-17, so 12 days of it are before anything here
Record rests on
Grade B
The whole record is grade B.
Confidence
Where the capital sits, and how it moves
Total value, the whole record
Every daily reading we hold.
Range
Hover for values.
Due-diligence report
- Complete: every section, nothing withheld
- Issued: a digest anybody can check with us
- Dated: every figure with when it was read
- Portable: one file for a committee or a file
This vault's size is proved against its own contract
The contract holds 2,000,000 USDC, read from the chain by its token. At the price we publish that is $2.00M, against the $2.00M shown above.
How this is read
Only half of this is ours. The quantity comes from the contract and can be checked by anybody; the price comes from defillama:coins, so a wrong price would move both figures together and this would still agree.
Why this vault’s unit price never moves
This vault deploys into one contract on ethereum, 0x4bf7bfcb2325e626358b0b4aef9e2ed6dbb4fd25. This contract does not derive what it is worth from what it holds: a multisig at 0x551a2220121450e442acd57e2326db317616a1f0 POSTS the figure, with the last posting on 2026-09-17. one posting may move it by at most 200 of the contract’s own units, and a posting is treated as current for 365 days, which is long enough that it is not a freshness control in any practical sense. Those are limits on the POSTING and not checks on the number: nothing in this contract sets it against anything the chain can confirm. So a flat unit price upstream is not evidence that nothing was earned, and a moving one would not be evidence that anything was. It is the reported book value of a strategy whose holdings we cannot see, and whoever holds that key decides it. The last posting is still inside that period.
Much of this vault is held by people who are also in others
100.0% of the capital we can attribute here, or $2.00M, belongs to 1 addresses that also hold an open vault elsewhere, the deepest of them in 3. They can leave all of them on the same morning.
How this is read
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.
How much could leave, by amount
Your position
Pick or type an amount to weigh it against both: what the venue says could leave now, and the largest single withdrawal anybody has made here.
How you get outNo notice periodread 2026-11-11
The contract imposes no notice period and no request step: a redeem that succeeds settles in the transaction that asks for it, and it succeeds only if the vault holds enough to pay at that moment, which is the liquidity reading and a separate question.
How this is read
There is no queue and no lock-up in the contract.
There is no exit capacity to read here, and that is the contract rather than a gap in our reading. THE CONTRACT HAS NO EXIT CAPACITY TO READ, and that is a fact about the contract rather than a gap in our reading. Asked what a holder who demonstrably holds shares could withdraw, it returned their whole holding converted, with no liquidity cap inside the answer. Asking again returns the same thing and so would any other reader: there is no figure here that measures what the vault could actually pay. Every unit of this vault’s capital is deployed away from it, and the contract it is deployed into does not derive what it is worth from what it holds: a party at 0x551a2220121450e442acd57e2326db317616a1f0 POSTS the figure, last on 17 September 2026, and a posting stays current for 365 days. Asked what a real holder could withdraw, this vault returned THAT POSTED FIGURE to the unit. What a reader would take for exit capacity here is the number that party entered, converted into shares and back, so publishing it as capacity would be publishing one party’s entry as a measurement of liquidity.
Value and drawdown
This chart shows the last 30 days of a 45 day record; the whole-record figures on this page are measured over all of it, and the 30, 90 and 365-day figures over their own windows, dated below. The rest is the Analyst tierRange
Hover for values. Upper: vault value, with BTC indexed to the same starting capital. Lower: how far below its own peak it was.
The rate, and the seven things that qualify it
A quoted rate is one input, not a verdict.
- Advertised rate
- 0.0%
- Rewards on top of the base rate
- 0.0%paid in tokens, outside the share price
- Realised return
- Not read as a return, because its share price is fixed by construction — the contract mints one share per unit — so the return is not in the price and cannot be read from it.
- Fee basis
- Inside the share price
- Withdrawable now
- The venue publishes no withdrawable figure, so no amount is claimed either way.
- History quality
- 220readings
- What it depends on
- No shared-collateral reading and no risk score for this vault yet; who controls it is read separately, below.
How these are read
Share price and yield
Realised yield is the share price's own 30-day return, annualised, with no smoothing.Range
What one share is worth, in SBYTE.
How this is read
It moves only when the strategy earns or loses; deposits do not move it.
Range
Solid: what a holder got.
How this is read
Dashed: what the venue advertised, all recorded by us, which we began on 2026-09-29.
If you had deposited
Not computed: the share price is not read as a return here, because its share price is fixed by construction — the contract mints one share per unit — so the return is not in the price and cannot be read from it.
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. 1 of these 6 questions is not measured for this vault. These are evidence questions, not the risk band’s components, which are counted under the six risks.
| Source mark | Question | What we hold | Source |
|---|---|---|---|
| What does it hold or lend into? | SBYTEThe venue names a deposit asset. What the vault actually holds behind it has not been read. | Declared | |
| How much could leave now? | —No exit reading. This is the figure that decides whether a position can be left, and we do not have it. | Not measured | |
| Who runs it, and what else have they run? |
Passport
Identity
Vault contract0x2a6fa0ee…7de17249
NetworkEthereum
Platform
Concrete
Operator
Concrete
Deposit assetSBYTE
Created on-chain2026-09-17
First observed by us2026-09-29
Audits of the venue
Scope: the protocol’s code; a curator’s configuration of it is not what these audits cover. Source: DefiLlama audit links, read 13 November 2026, 13:29 UTC.
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.
- Safe 1/20x8f5f1d40…1bcd3381
- CuratorDecides what it lends against.
- none set
- GuardianCan veto a change while the timelock runs.
- none set
- What holds the keys
- A multisig, 1 signature required
- Notice before a change
- none on this path
- Can be halted
- yes, a pause exists and is off
- Can replace the code
- 0x0265d73a…5516844c
What the manager moved
read 13 November 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, and what moved in and out
Ledger read 30 minutes agoAnalyst tier
Who is in this vault, and what moved in and out
Locked here: every depositor we read with their share of the vault, the largest single wallet, and the ledger of each deposit and withdrawal. 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.
See what unlocksAlready a customer? Sign inWhat is still missing
What this page cannot show yet, and why.
What they are
- 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.