๐ก๏ธ Hedgehog build update
We are moving into the security phase.
๐ Vault contracts
Testing deposits, withdrawals, share accounting, and emergency paths.
โ๏ธ Keeper permissions
Making sure rebalancing works without broad control over user funds.
๐ก Failure modes
Oracle issues, bad funding, depeg scenarios, buffer risk, and unwind conditions.
๐งพ Audit prep
Simple UX only matters if the system underneath is built carefully.
Todayโs Hedgehog yield model: 48.2% APY on the 5x SOL carry profile.
How it is achieved:
๐ข mSOL staking
๐ข Kamino mSOL supply
๐ข Drift SOL-PERP funding
๐ข Keeper rebalancing every 30s
Borrow and fee costs netted out.
Hedged SOL carry is coming to @solana.
What actually happens inside Hedgehog?
Deposit SOL.
The vault builds mSOL exposure, opens a matching SOL-PERP hedge, watches funding and drift, then lets a keeper rebalance the position as conditions change.
The goal is simple: make hedged SOL carry feel like one clean vault.
Coming soon on @solana.