Loading
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. 2 of 6 are not measured for this vault.
- What does it hold or lend into?DeclaredMTP-FXSTRATThe 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?MeasuredLagoonA named operator with a record across every vault they run, including the ones that closed.
- What does it depend on?DeclaredLagoon on EthereumThe venue and the chain are known; what the strategy routes into underneath them has not been read.
- Who can change it, and how fast?Not measured—Access control has not been read for this vault. Who can move the money, and how quickly, is unknown. That is not the same as nobody being able to.
- How much of the above was measured?Measured3 of 5 not measuredCounted from the rows above rather than asserted. Every figure on this page carries when it was read and what it was read from; the gaps are listed on /reconciliation with their size.
Amber means the evidence is incomplete, never that the vault is risky, and grey means we did not read it rather than that there is nothing to read. Nothing here is a rating, a recommendation, or a statement that this vault is safe.
This vault's size is proved against its own contract
The contract holds 353,463.4 USDC, read from the chain by its token. At the price we publish that is $353.4k, against the $353.4k shown above.
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.
The advertised rate has been moving
Over 6 daily readings it has ranged from 6.57% to 9.96%, averaging 9.40%. The tile below shows today’s quote alone.
6 readings is 6 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
100.0% of the capital we can attribute here, or $353.1k, belongs to 2 addresses that also hold an open vault elsewhere, the deepest of them in 7. 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.
Lagoon · MTP-FXSTRAT
CTaking money
—
TVL
$353.4k
Return
0.0%
over its recorded history, partly reconstructed
The venue advertises
6.6%
a year, on their own figures
An outside source reads
Value and drawdown
Range
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. 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
- 6.6%As the venue states it, from Lagoon. 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 now
- The venue publishes no withdrawable figure, so no amount is claimed either way.A reading of now, not a promise about the day somebody tries. An accruing rate with nothing withdrawable is the case this section exists for.
- History quality
- No value series, so there is nothing to state a realised return from.
Share price and yield
Too short a record for a realised yield: it needs ten days of share prices.Range
What one share is worth, in MTP-FXSTRAT. It moves only when the strategy earns or loses; deposits do not move it.
Range
Solid: what a holder got. Dashed: what the venue advertised, kept since 18 Sep 2026 (6 days held).
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
Passport
What the manager moved
read 1 October 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 11 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.