We are excited to announce the launch of the ARB++ Vault, the latest addition to our tactical vaults portfolio.
This vault is designed to emulate the user experience of single-sided staking for ARB, targeting users who are bullish on ARB over the long term, desire lower volatility AND yield on top of their ARB.
In historical testing (with limited internal capital) that started on March 30, 2023, the vault achieved a 123% raw return over 5 epochs. However, it’s important to note that this performance is not indicative of future results, as some of the performance was realized outside the epoch period (for example, the market rallied while we still had exposure, such as vesting in Dolomite.io ARB, which requires 40 weeks to fully mature).
https://arbiscan.io/token/0xC5BAffD6D9B3755ea680E6c630c44A120154DC58#readContract
A key distinction from the historical implementation is the performance basis: previously in USDC, whereas the new vault will use ARB as the base asset.
This means users will deposit ARB to receive an adjusted amount of ARB (+- the PNL) at the end of the epoch.
Why ARB++?
The ARB++ Vault is aimed at harnessing the long-term growth potential of ARB, optimizing for periods of volatility with advanced options strategies.
It aims to displace plsARB (and other single-sided staking type solutions) in the Arbitrum ecosystem, which, despite the Plutus team’s best intentions, was executed “less than optimally,” to put it mildly. With no doubts, it failed to meet the expectations of many ARB airdrop receivers at providing a decent yield on TOP while maintaining ARB exposure.
Great recap here https://x.com/castle__cap/status/1693939037068013983?s=20)
With EIP-4844 rolling out, we believe the ecosystem merits a premium solution for a user experience equivalent to single-sided staking, leveraging the best protocols of Arbitrum, starting from our long term partners GMX, and Camelot.*
The Building Blocks of ARB++ Vault
Core building blocks of ARB++ vaults will be optimized exposure to the GMX GM ARB vault, in combination with the D2 Lyra++ helper vault. More details on that here
The ARB++ Vault is our latest vault designed to outperform traditional Arbitrum ecosystem allocations on a risk-adjusted basis. By capitalizing on the inherent inefficient DeFi options, concentrated liquidity, and reward mechanisms provided by premier protocols, we aim to offer superior returns over bi-monthly epochs.
ARB++ will also be the sole recipient of our “Long Term Incentives Pilot Program.”
https://forum.arbitrum.foundation/t/d2-finance-ltipp-applicatoin-draft/21826/1
Here, we are requesting 500k ARB incentives based on our strong performance data from already live vaults such as ETH++ and Rodeo++ and benefit we are poised to deliver to the Arbitrum ecosystem.
Capitalize on the Best Legos in the Ecosystem
Our strategy emphasizes optionality utilization, concentrated liquidity leveraging, and engaging in strategies with top protocols including GMX, Camelot, Lyra, 1inch, Trader Joe, AAVE, Dolomite, Silo, Premia, Dopex and Rodeo.
Its important to note, funds deposited as ARB incentives remain as ARB being utilized strictly for collateral within the ecosystem. Based on the strategic use of collateral, D2 is able to engage in absolute strategies ontop. This ensures the strategy maintains exposure to ARB, reduces downside volatility, and offers risk-adjusted returns ontop.
Goals:
The primary goal of the ARB++ Vault is to deliver superior performance compared to the average user’s allocation within the Arbitrum ecosystem, doing so on a risk-adjusted basis over the long term. We are dedicated to navigating the complexities of the decentralized finance landscape to maximize risk-adjusted returns for our investors.
Risk Management:
The ARB++ Vault maintains delta exposure ranging from 20% to 60% of ARB. This strategic positioning enables us to average lower downside volatility by efficiently utilizing optionality, thus providing a cushion against market downturns.
Investment Duration:
Investments in the ARB++ Vault are organized around bi-monthly epochs, offering the flexibility to invest in GM and Rodeo strategies, which have entry and exit fees not feasible on a monthly epoch. RODEO++ performed over 100% APY, but we gave up about 20% on fees.
GearPendle++ Vault
Within ARB++, you will also get exposure to the GearPendle++ new tactical vault strategy.
This new addition will utilize the current Pendle and Gearbox’ “juicy opportunities”, focusing on leveraging the D2 v0 architecture for immediate gains as we gear up for v3 code integration.
(Note: Direct deposits for GearPendle++ are not available at this time.)
D2 Finance and Camelot: A Strategic Partnership for secondary market of 100% of its vaults
Camelot’s proven track record and robust platform provide the ideal environment for the ARB++ Vault, ensuring accessibility and security for access in a click.
Launch Details & WL
Full launch details will be announced Monday March 18
As a reference, our ETH++ strategy has been returning 288% risk-adjusted APR since launch.
https://www.geckoterminal.com/arbitrum/pools/0x3e5972ef94697841d4e69be5c7bdce588e2cdefd
As another incentive, users who buy ARB++ on the secondary market on Camelot will get Whitelisted for our upcoming GRAIL++ vault strategy. This strategy willl be launching soon and will be heavily incentivized for those looking for more GRAIL exposure
Conclusion
The launch of the ARB++ Vault on Camelot underscores our commitment to the Arbitrum ecosystem. By leveraging strategic partnerships and dynamic strategies, we aim to provide a product that not only meets but exceeds its investors’ expectations.
Embrace the future of single side staking of ARB.
For more details and to join this groundbreaking venture, visit our website and join our community on Discord and Twitter.
D2 Finance is a Multi-Strategy Hedge Fund, 100% on-chain, 100% non-custodial.
D2.Finance brings the sophistication of a top-tier quant hedge fund on-chain. Single click deposit into Options Based Strategies focused on risk adjusted returns through decentralized, actively managed vault architecture, tailored to varying risk levels.
D2 Finance aims to harness its existing and burgeoning institutional fund contacts to facilitate on-chain asset exposure through institutional grade infrastructure and active quant trading.
Disclaimers
Performance Disclaimer:
The indicative ROI/APY showed in d2.finance front-end is not guaranteed and is subject to market risk. The strategies are not risk-free, and some epochs may result in a negative return. Further details and protocol incentives can be found in https://gitbook.d2.finance/. While the information contained within the website is periodically updated, no guarantee is given that the information provided in the website is correct, complete, and current.
Product Disclaimer: Test Phase and High Risk Investment
Please be aware that the ARB++ token and its associated products are currently in a testing phase. This phase is designed to evaluate and improve the system’s functionality, and as such, it carries inherent risks. Investments in this phase are highly speculative and should be considered high risk. Potential investors should be prepared for the possibility of losing their entire investment.
User Certification and Legal Compliance
By interacting with our smart contract, you, as the user, certify that you are legally permitted to invest in such instruments in your jurisdiction. It is your responsibility to ensure that your participation complies with local laws and regulations. We do not assume any responsibility for the unlawful use of our product in any jurisdiction.
Sophistication Requirement*
Participation in our strategies is intended for individuals who meet certain financial criteria that classify them as high net worth or sophisticated investors. The definition of a high net worth or sophisticated investor varies by jurisdiction, but generally includes individuals with significant experience in financial and business matters, making them capable of evaluating the merits and risks of prospective investments. Investing in advanced financial strategies carries inherent risks, including the potential loss of capital. Prospective investors should be fully aware of these risks and are advised to conduct thorough due diligence.
No Guarantee of Returns
Investing in start-ups and decentralized finance instruments involves significant risks. We do not guarantee any return on investment (ROI) or annual percentage yield (APY). The performance of these investments can be volatile, and past performance is not indicative of future results.
Independent Analysis and Due Diligence
We strongly advise that you conduct your own independent analysis and due diligence before interacting with the Vualt token. The information provided regarding ETH++ and related products is not intended to be, and should not be construed as, financial advice. On the same level to interact with other LSD derivatives.
Changes and Updates
Please note that the features, terms, and conditions of Rodeo++ and its secondary market on Camelot may change. Stay informed by reviewing our documentation regularly.
Acknowledgement of Risks
By proceeding with the investment, you acknowledge that you understand and accept the risks associated with high-risk investments, start-ups, and decentralized finance (DeFi) products.
General Disclaimer for D2.Finance services
Understanding the Agreement: By engaging with d2.finance, you acknowledge and accept the terms and conditions outlined in this agreement. Before proceeding, please read these terms carefully. By electronically interacting with Vaults token, you are acknowledging that it is as legally binding as if you had signed it manually. This means you fully accept the terms and conditions contained herein.
Updates to the Agreement: d2.finance may periodically update this agreement. We encourage you to regularly check for any changes or updates to these terms. Your interaction with Vault tokens implies your acceptance of the revised agreement. If you disagree with any of the terms, please refrain from interacting with vault tokens
Service Limitations: It is important to note that d2.finance does not directly provide services to the front-end interface. Instead, any actions related to our smart contracts should be considered under the terms and conditions of Camelot’s agreement. Please refer to Camelot’s terms for more specific details regarding these interactions.
Risk Acknowledgement: Swap Vault’s tokens involve significant risks. This includes the potential for complete loss of value of any property or cryptocurrency, as defined, that you deposit into the Vault. We urge you to consider these risks carefully before interacting with our Vaults token.
Your Responsibility: Your decision to use the Vault and engage with d2.finance’s services is your own. We advise you to exercise caution and consider your individual circumstances before proceeding.
Geographical restrictions: Residents or citizens of Antigua and Barbuda, Algeria, Australia, Bangladesh, Bolivia, Belarus, Burundi, Myanmar (Burma), Cote D’Ivoire (Ivory Coast), Crimea and Sevastopol, China, Cuba, Democratic Republic of Congo, Ecuador, Hong Kong, Iran, Iraq, Liberia, Libya, Mali, Morocco, Nepal, North Korea, Paraguay, Somalia, Sudan, Syria, Switzerland, United Kingdom, United States, Venezuela, Yemen, Zimbabwe or any other country to which the United States, the United Kingdom or the European Union embargoes goods or imposes similar sanctions (collectively, “Restricted Territories”) are not permitted in any capacity to interact with our vault token.
