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This is my vault, register it
Makina · YGOOGLC
CHow you get outCould not place itread 2026-10-19
We read this contract and could not place how redemption works on it. That is our reading falling short, not a vault without a way out.
We have not established what could be taken out. WE PUT THE QUESTION AND ESTABLISHED NOTHING, which is our silence and not the vault refusing. Either the contract did not answer what a holder could withdraw, or we could not read what their shares are worth to compare it against. Unlike a contract that has no such figure, this is work that remains ours to do. This vault does not derive what it is worth from what it holds: an accounting agent POSTS the figure, denominated in 0xb2000000000000000000002d0ba3164cc74f58b7, and a posting stays current for 2 days. The contract carries the machinery to say who may post it and no getter that names them, so we publish the posting and not the poster.
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.
| Risk | Reads | In the band | From |
|---|---|---|---|
| Market | Not read | Yes | nothing fed it |
| Liquidity |
This vault's size is proved against its own contract
The contract holds 757.32 GOOGLc, read from the chain by its accounting. At the price we publish that is $252.4k, against the $252.3k 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 7 daily readings it has ranged from 2.93% to 4.45%, averaging 3.62%. The tile below shows today’s quote alone.
7 readings is 7 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.
Taking money
—
TVL
$252.4k
Return
—
no price history
The venue advertises
4.1%
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
- 4.1%As the venue states it, from Makina. Passed on rather than adopted, and whether rewards are inside it is the next row.
- Rewards inside that rateagainst it
- 10.0%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.
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. 2 of 6 are not measured for this vault.
- What does it hold or lend into?DeclaredYGOOGLCThe 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?MeasuredMakinaA named operator with a record across every vault they run, including the ones that closed.
- What does it depend on?DeclaredMakina on Base
Passport
Who is in it
Money in and out
Ledger read 25 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.