The published mandate behind the alt-L1 sleeve. Asset universe, exposure bands, hard risk limits, and rebalancing cadence — written down, audited, and enforceable against the daily PnL the desk signs.
Why this page
The alt-L1 sleeve carries the directional ETH view off the LST-vs-perp basis (stETH/ETH) and validator-flow overlays. Position sizing reads the staking term structure and ETF flow tape so the sleeve stays inside its drawdown, leverage, and single-trade VaR caps. The live status block below reflects the sleeve’s current mode and rebalance timestamp.
Mandate status is unavailable right now.
ETH long-short carries the alt-L1 directional exposure budget, expressed off the LST-vs-perp basis (stETH/ETH) and validator-flow overlays. Sized off realised volatility and the staking term structure so the sleeve stays inside its drawdown and leverage caps while expressing a deliberate, audited view on ETH.
Gross
1.2–1.8×
Net
0.0–0.4×
Max drawdown · cumulative
6.00%
Leverage cap · gross
2.00×
Single-trade VaR · 1d, 95%
0.60%
00:30 and 12:30 UTC, plus an intraday risk pass whenever realised 1-day VaR breaches 60% of the single-trade cap or the alt-L1 sleeve approaches 60% of its drawdown slot.
Next step
Each daily row on the PnL dashboard belongs to a sleeve that traces back to this mandate, and each row is reproducible from the seeded snapshot recipe — an allocator can re-derive it.