For Vault Depositors
Deposit USDC into Marina Earn vaults and earn yield from fully on-chain market making strategies.
How it works
- Go to app.monarch.fast/marina/earn
- Connect your wallet
- Deposit USDC into an available vault
- Earn yield from the underlying market making strategy
- Withdraw after the lock-up period
What your USDC does
Your deposit is deployed into a market making strategy on Hyperliquid spot markets incentivised by Marina. The strategy quotes both sides of the order book, earning trading fees and Marina rewards. The yield comes from:
- Spread capture - buying at the bid and selling at the ask
- Marina rewards - incentives distributed based on quoting performance
Transparency
Every position is fully on-chain and verifiable in real time. There are no black boxes. You can see exactly where your capital is deployed and how the strategy is performing at any time.
Vault parameters
| Parameter | Details |
|---|---|
| Deposit currency | USDC |
| Vault limit | Set per tranche (e.g. 50,000 USDC) |
| Max deposit per wallet | Set per tranche (e.g. 5,000 USDC) |
| Lock-up period | ie. 1 week per tranche |
Parameters vary by vault. Check app.monarch.fast/marina/earn for current vault details.
Risk
Vault strategies involve market making risk. While the strategy aims to capture spread and rewards, adverse price movements on the underlying asset can result in losses. Past performance is not indicative of future results.
Results
Our first Marina Earn vault (ZAMA/USDC strategy) delivered an indicative 166% APY in its first week.