Right now @hyperliquidx vaults Do not work:
– $10k opening fee
– no social features
– managers are limited to Hyperliquid
– investors follow separate vaults, not managers
– no aggregated Solana + Hyperliquid strategies
– hard to manage and scale across chains
We’re building a manager focused platform with unified investing, aggregated vaults across Solana and Hyperliquid, and native social features.
Interested? Feel free to DM!
Likeli Weekly Build Update #2: Investor exits
The real test of a fund is what happens when an investor wants their money back, especially when the fund is fully deployed and does not have enough idle USDC.
This week, we focused almost entirely on that exit path.
Our current design:
-The investor requests a withdrawal and their shares move into escrow.
-If enough idle USDC is available, the oldest open request is settled immediately.
-If liquidity is tied up, a grace period gives the manager time to rebalance.
-After grace, the investor can trigger liquidation for their own withdrawal. The vault sells only what is needed to cover that request.
-If the asset is unpriced, restricted, or cannot be liquidated safely, the investor can receive their proportional assets in kind.
The manager cannot pause withdrawals or decide which investors are allowed to leave. Forced exits are initiated by the investor and bounded by the contract.
There are still difficult edge cases around slippage, partial liquidity and queue fairness. That is exactly why we are working through exits before pushing more capital onchain.
Building Likeli in public.