Institutional yield, on-chain

Institutional credit, on-chain. 24 months live, zero negative returns.

0
% USD
Average
APY
0
months
Live track record
0
days
Negative returns
Partners and infrastructure
Figure MarketsFigure Markets
HastraHastra
SolanaSolana
FordefiFordefi
QuantstampQuantstamp
HypernativeHypernative
How we work

The curator layer

An institutional credit platform for on-chain capital. Direct relationships with originators, active risk management, and an institutional-grade wrapper between the LP and the underlying credit.

The diligence standard
01

Counterparty

Direct relationships only. Audited operational track record. Regulated where applicable. Includes both DeFi protocols and institutional counterparties.

20+Counterparties screened
02

Asset quality

Underlying collateral with known credit standards. Senior position in the waterfall. No unsecured exposure across the vault book.

100%Collateralized exposure
03

Liquidity profile

Match between underlying redemption mechanics and vault withdrawal windows. Liquidity buffer maintained on every vault.

MonthlyexUSDC withdrawal cycle
04

Position sizing

Sized to survive worst-case market stress without forced unwind. Concentration limits enforced.

Hard capsConcentration limits
05

Continuous review

Hourly health checks on leveraged exposure. Counterparty status reviewed on a rolling basis.

1h / 1wHealth · counterparty
Track Record

On-chain verifiable performance

24 months live. No realized losses. Every rate update recorded on-chain. Performance independently verifiable via token mint address on any Solana block explorer.

exUSDC · 733 days live14.2% APY+30.5% total return since inception
USD vault · NAV
Pure yield — no token incentives
Compounded through both market regimes
Treasury Mandates

Built for institutional capital

Whether you're a treasury earning on idle capital, an asset issuer adding yield to your token, or a fund allocating into on-chain credit — Exceed scales past the typical on-chain capacity ceiling with the diligence, sizing, and reporting institutions require.

Digital Asset Treasuries

Companies holding BTC, ETH, SOL, or stablecoins on their balance sheet. Custom mandates with configurable risk parameters, dedicated MPC wallets, and institutional reporting.

Asset Issuers

LST providers, stablecoin issuers, and token projects looking to add yield to their token. We build and manage co-branded vaults — your token, our engine, shared distribution.

Institutional Funds

On-chain funds and allocators seeking diversified on-chain yield with full transparency. Institutional-grade wrapper. Denomination-matched. Withdrawal windows aligned to underlying liquidity.

  • ▸Custom risk parameters and concentration limits
  • ▸MPC wallet infrastructure (Fordefi, Fireblocks, Utila)
  • ▸Protocol whitelisting and blacklisting
  • ▸Adjustable leverage caps
  • ▸Dedicated reporting and portfolio analytics
  • ▸Bespoke mandates from $500K+
Discuss a Mandate
FAQ

Frequently asked questions

How does Exceed compare to other on-chain yield platforms?

Most on-chain vaults chase the highest headline yield inside a single protocol. Exceed is an institutional credit platform - we do the underwriting, sizing, and monitoring work institutions expect from a traditional asset manager, then deliver it on-chain with full transparency. 24 months live. No realized losses. Quantstamp audited.

What risk controls are in place?

Every allocation is sized to survive worst-case market stress without forced unwind. Per-counterparty concentration limits, correlation-aware position sizing, and continuous monitoring. Smart contracts audited by Quantstamp. Real-time on-chain monitoring by Hypernative. Custody via Fordefi (MPC); LPs can also run dedicated mandates through their own Fireblocks or Utila workspaces.

Which venues does Exceed allocate across?

Our vaults (exUSDC, exSOL, exBTC) curate across institutional credit, hedged trading, and collateralized on-chain credit: venues such as Kamino and JupLend, and more recently EVM protocols too. Every venue is diligenced directly and monitored continuously. We deploy into a deliberately narrow subset rather than chasing yield across every protocol.

How do withdrawals work?

All vaults run on a monthly withdrawal cycle. Requests open on the 15th of each month at 12:00 UTC and close on the 1st of the following month at 12:00 UTC. A request can be cancelled while the window is open. Claims open on the 8th at 12:00 UTC and stay claimable for 30 days. A 1.5% redemption fee applies on every vault. There is no deposit fee.

What fees does Exceed charge?

No deposit, management or performance fees on any product. The only fee is a 1.5% redemption fee, charged when you withdraw.

I hold pikSOL. What should I do?

pikSOL is the legacy SOL token, frozen since the Drift exploit of April 2026. It converts to exSOL at 50% of its SOL value on the app's migrate page (app.exceed.finance/migrate), after a wallet-signed confirmation. The conversion is available until 7 April 2027.

Who is behind Exceed?

Exceed is led by alumni of J.P. Morgan and Goldman Sachs (TMT investment banking), with CFA and IoD (Institute of Directors) credentials. The team combines institutional asset management experience with Solana ecosystem operators, backed by external advisors in quantitative risk, smart-contract security, and custody operations.

For more information visit our Docs or Contact Us.