Institutional yield, on-chain
Curated strategies with active risk management. 18 months live, zero negative returns.
APY
Figure Markets
Hastra
Solana
Fordefi
Quantstamp
HypernativeThe curator layer
A multi-strategy curator for institutional-grade on-chain yield. Direct relationships with originators, active risk management, and an institutional-grade wrapper between the LP and the underlying credit.
Counterparty
Direct relationships only. Audited operational track record. Regulated where applicable. Includes both DeFi protocols and institutional counterparties.
Asset quality
Underlying collateral with known credit standards. Senior position in the waterfall. No unsecured exposure across the vault book.
Liquidity profile
Match between underlying redemption mechanics and vault withdrawal windows. Liquidity buffer maintained on every vault.
Position sizing
Sized to survive worst-case market stress without forced unwind. Concentration limits enforced.
Continuous review
Hourly health checks on leveraged exposure. Counterparty status reviewed on a rolling basis.
Curated vaults across every major asset
Fixed and variable yield vaults denominated in USD, SOL, BTC, and ETH. New strategies added as they pass diligence.
On-chain verifiable performance
19 months live. No realized losses. Every rate update recorded on-chain. Performance independently verifiable via token mint address on any Solana block explorer.
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+
Audited, monitored, verified
Audits
Thoroughly audited by Quantstamp, a leading blockchain security firm. Full audit report publicly available.
Monitoring
Real-time security monitoring from Hypernative detects and prevents threats before they impact assets.
Verified Builds
Verified Builds ensure deployed smart contracts match their public source code, guaranteeing transparency.
Built by alumni of Goldman Sachs, J.P. Morgan, Barclays, UBS, and the Solana ecosystem. Backed by institutional-grade quantitative research and external advisors.
Frequently asked questions
What makes figUSDC different from other USDC yield products?
figUSDC lends USDC into Figure Markets PRIME - a warehouse facility for US residential HELOCs. The same loan pool backs S&P AAA-rated senior securitization tranches. A top-tier US prime broker provides the leverage layer. 10% target yield in USDC, short-duration credit exposure, zero realized losses since PRIME launched.
How does Exceed compare to other curators?
Most on-chain vaults chase the highest headline yield inside a single protocol. Exceed is a multi-strategy curator - we do the underwriting, sizing, and monitoring work institutions expect from a traditional asset manager, then deliver it on-chain with full transparency. 19 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?
It depends on the vault. The figUSDC vault allocates exclusively to Figure Markets products - LP capital never touches DeFi smart contracts on the yield side. Our multi-strategy ex- vaults (exUSDC, exSOL, exBTC, exETH) curate across institutional credit, hedged trading, and collateralized on-chain credit - venues such as Kamino, 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?
Withdrawals can be requested at any time. All vaults process within 24-48 hours with no lock-up and a 0.20% withdrawal fee. figUSDC additionally maintains a 10-15% liquidity buffer for day-to-day redemptions; extreme redemption scenarios may extend the window proportionally while the underlying credit facility unwinds.
What fees does Exceed charge?
15% performance fee on yield generated, with a high-water mark. 0.20% withdrawal fee on all vaults. No management fee.
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.
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