For Vault Depositors
Marina Earn vaults allocate deposited capital to market making strategies on Hyperliquid.
Vaults can earn from spread capture and Marina rewards, but they carry market making risk. Review the current vault terms before depositing.
How It Works
- Go to app.monarch.fast/marina/earn.
- Connect your wallet.
- Review the active vault's market, limits, lock-up, and risk.
- Deposit USDC into an available tranche.
- Withdraw according to the vault terms.
What Your USDC Does
Vault capital is deployed into a market making strategy. The strategy quotes both sides of the order book and can earn from:
- Spread capture: buying low at the bid and selling higher at the ask.
- Marina rewards: incentives distributed based on on-chain liquidity performance.
Transparency
All positions and trades are visible on-chain. Depositors can verify where capital is deployed and how the strategy is performing.
Parameters
Check app.monarch.fast/marina/earn for current vault details.
Risk
Vault strategies can lose money. Adverse price moves, poor fills, inventory risk, smart contract risk, and market-specific shocks can reduce returns. Past performance does not predict future results.
Results
The first Marina Earn ZAMA/USDC vault delivered an indicative 166% APY in its first week.