Product Flowchart

soETH is a semi-open-end fund committed to providing investors with a leverage staking strategy based on different market conditions. Built on DeSyn's decentralized asset management infrastructure, soETH aims to maximize stETH return by implementing a leverage strategy, reducing transaction costs and risks associated with liquidating AAVE collateralized debt positions. Please follow the terms below and check the chart for more information about the strategy.

1. Compared with the closed-end fund, semi-open-end allows investors to issue and withdraw on these special days, the 5th, 15th, and 25th of every month, to meet the demand for changing strategies in time depending on different market conditions. As a leverage staking structure, it will cause unnecessary losses and fees that increase and decrease leverage for funds frequency. So, to maximize fund profit, we opened 3 different days for users to issue and redeem every month.

2. Users need to charge WETH into the protocol, and the smart contract will change WETH into ETH in the vault. Vault will send ETH to Lido or Curve for interest-earning assets stETH based on the best swap rate between Lido and Curve. When users redeem their ETH, the vault will unbound leverage so that it has enough reserves to meet the users' demand. On the 3 different days window, users can redeem their shares immediately.

3. Fund managers will charge the accrued management fees from the fund pool irregularly. At that time, the manager fee for every investor will be calculated and deducted automatically. Hence, users will only be charged a redemption fee when they withdraw their funds. Apart from trigger action, calculation, and charging fees are based on smart contracts to ensure fairness and transparency.