Introducing Vaults: Morini aFXArbUSDTRY
Delta-neutral by design
The strategy that has anchored USP since launch - Balsa Market Making Fund (BMMF, @BalsaFinance) is now accessible as a standalone tokenized vault on Ethereum.
This vault provides tokenized access to Balsa Market Making Fund (BMMF), a delta-neutral market-making fund in the Turkish crypto market. The strategy captures spreads between USD/TRY rates on Turkish crypto exchanges (Binance TR, OKX TR) and fiat banking rails, executing T+0 arbitrage on intra-day price discrepancies and T+1 carry on overnight interest with Turkish banks.
TRY positions are continuously hedged, so returns come from spread capture rather than directional exposure.
ERC-20. USDC-denominated. T+0 settlement. 🧵
Proof of Solvency is now live for @BalsaFinance.
Anyone can now independently verify reserves, collateralization, supply, and reserve composition for their delta-neutral USD/TRY fund on @base, through Accountable's Data Verification Network.