# Audits Source: https://docs.altura.trade/audit Audit reports for Altura Smart Contracts Altura’s core team puts security and depositor protection first, with every major smart-contract release audited by multiple researchers from top-tier security firms. [Predeposit Audit, Adevarlabs, December 2025](https://github.com/AlturaTrade/docs/blob/V2/PredepositAudit.pdf) [Vault Audit, Adevarlabs, December 2025](https://github.com/AlturaTrade/docs/blob/V2/VaultAudit.pdf) [Vault Audit, Omniscia, January 2026](https://omniscia.io/reports/altura-trade-nav-contracts-6954ecaa2978aa00155d5541) [Token and Vesting Audit, Omniscia, January 2026](https://omniscia.io/reports/altura-token-vesting-696ec252858422001592f135) [Vault Audit, Sherlock, February 2026](https://sherlock-files.ams3.digitaloceanspaces.com/reports/2026.02.05%20-%20Final%20-%20Altura%20Collaborative%20Audit%20Report%201770301625.pdf) [WithdrawalWrapper Audit, Sherlock, February 2026](https://sherlock-files.ams3.digitaloceanspaces.com/reports/2026.02.24%20-%20Final%20-%20Altura%20Collaborative%20Audit%20Report%201771952503.pdf) # FAQs Source: https://docs.altura.trade/faq Frequently asked questions ## **1. What is Altura?**  Altura is a multi-strategy yield protocol deployed on **Hyperliquid**.\ Users deposit USDT into a single vault, and Altura allocates capital across diversified, hedged, on-chain strategies designed to generate sustainable returns. ## **2. What networks does Altura support?** Altura operates natively on **Hyperliquid** and also available on other networks All supported tokens and networks in Altura ecosystem \ All deposits, withdrawals, strategy execution, and PPS updates occur on the Hyperliquid chain. ## **3. What assets can I deposit?** Altura currently supports **USDT deposits** into its primary yield vault. ## **4. How does Altura generate yield?** Altura generates yield through a diversified set of non-directional, economically grounded strategies, designed to perform across market conditions. Capital is allocated across three core strategy pillars: 1. Market Making & Liquidity Provision Altura provides liquidity across selected venues to capture bid–ask spreads and trading fees while maintaining neutral market exposure. 2. Funding Rate & Basis Arbitrage Yield is generated from structural inefficiencies between spot, perpetual, and futures markets through hedged, market-neutral positioning. 3. Real-World Asset (RWA) Strategies Altura allocates a portion of capital to asset-backed strategies tied to real economic activity, providing diversification beyond purely on-chain yield sources. All strategies are: * Hedged or market-neutral where applicable * Designed to avoid directional speculation * Executed with institutional risk controls * Verifiable through on-chain and operational reporting ## **5. How are yields reflected in my balance?** Altura uses a **Price-Per-Share (PPS)** model.\ As strategies generate yield, PPS increases.\ Your share count remains constant — your value grows automatically. ## **6. How often does PPS update?** PPS updates over time through an oracle with strict safety constraints: * movement limits * freshness checks * timestamp validation * authorized reporters only All updates are on-chain. ## **7. How do withdrawals work?** Withdrawals follow a dual-path system: ### **Instant Withdrawal** Processed immediately if the requested amount ≤ vault liquid balance. ### **Epoch Withdrawal** If the amount exceeds liquid funds, it enters the **current withdrawal epoch** and becomes claimable when the epoch concludes. ## **8. Is Altura a trading platform?** No. Users do not trade, open positions, or manage strategies.\ Altura is a **passive yield engine**, not an exchange or trading interface. ## **9. Can I verify Altura’s performance on-chain?** Yes.\ All strategies, balances, oracle updates, and vault accounting are fully visible on HyperEVM.\ Users can independently verify: * PPS changes * strategy activity * vault liquidity * share supply * asset flows Transparency is a core requirement of the protocol. ## **10. What risks should users be aware of?** Risks include: * smart contract vulnerability * strategy underperformance * oracle delays * liquidity constraints * counterparty risk from integrated protocols * Hyperliquid network-level risk Altura’s architecture minimizes but does not eliminate these risks. ## **11. Does Altura rely on emissions or inflationary APY?** No.\ Altura’s returns are derived **exclusively** from real economic activity not inflation, not printed tokens, not incentives. ## **12. Does Altura charge any fees?** Altura does not charge deposit or withdrawal fees.\ If performance fees are added in the future, they will be fully transparent and verifiable on-chain. ## **13. Who controls the protocol?** Altura uses a three-role governance structure: * **Guardian** - emergency pause authority * **Operator** - oracle reporting & execution * **Timelock Admin** - slow-moving configuration changes No role can unilaterally move user funds. # Governance & Protocol Roles Source: https://docs.altura.trade/governance Institutional, precise, transparent ## Overview Altura is structured with a minimal and carefully separated role system to ensure operational safety, limited trust assumptions, and predictable governance. Each role has clearly defined permissions, enforced through on-chain access controls and timelocked actions. *** ## **Role Structure Overview** Altura uses a three-tier role system: * **Guardian** -Emergency authority * **Operator** - Oracle reporter & routine execution * **Timelock Admin** - Controlled configuration changes Each role is isolated to prevent unilateral control or permission over critical functions. ### **Guardian Role (Emergency Controls)** The Guardian is responsible for activating and deactivating the **paused state** of the protocol. **Capabilities:** * Pause the vault * Unpause the vault * Trigger emergency protections **Limitations:** * Cannot move funds * Cannot modify strategies * Cannot alter PPS * Cannot change configuration parameters **Purpose:** To suspend activity during irregular behavior, oracle anomalies, or market instability. ### **Operator Role (Oracle & Routine Execution)** The Operator executes routine tasks necessary to maintain accurate protocol performance. **Capabilities:** * Submit oracle price updates * Trigger harvest or reporting cycles * Perform non-value-moving administrative functions **Limitations:** * Cannot transfer assets * Cannot pause/unpause the protocol * Cannot modify core settings **Purpose:** To maintain accurate PPS updates and operational continuity. ### **Timelock Admin (Governance Layer)** All configuration-level changes require execution through a **timelock contract**, creating transparency and predictable upgrade paths. **Capabilities (after delay):** * Update oracle reporter address * Update guardian/role assignments * Adjust configuration parameters * Approve new strategy modules (future scaling) **Limitations:** * Cannot bypass the timelock * Cannot execute immediate changes * Cannot move user assets **Purpose:** Provide a controlled governance layer with built-in protection against rushed or opaque changes. *** ## **Governance Principles** Altura adheres to strong governance standards: * **Transparency:** All role actions and timelocked operations are visible on-chain. * **Separation of Duties:** No single role can influence funds, PPS, or protocol safety alone. * **Predictability:** Timelocked execution ensures changes cannot be introduced unexpectedly. **Minimized Trust:** Fund movement is restricted to approved vault logic only. *** ## **Long-Term Governance Intent** As the protocol matures, governance may transition toward: * Multi-sig administration * Community governance modules * Institutional oversight frameworks * Risk councils or strategy oversight committees These transitions will follow conservative rollout processes to preserve protocol safety # Altura Vault Working Source: https://docs.altura.trade/howitworks How the Altura Vault Works ## Overview 2025-12-05 22.29.43.jpg Altura wraps its multi-strategy system into a single, streamlined vault experience.\ Users deposit USDT on **HyperEVM**, receive vault shares, and earn yield as the protocol executes strategies automatically in the background. *** ## **Deposit Process & Share Issuance** When a user deposits USDT into the Altura Vault: * The protocol mints **vault shares** that reflect proportional ownership. * Share count remains constant unless users deposit or withdraw. All performance is reflected through changes in **PPS (Price-Per-Share)**. *** ## **Price-Per-Share (PPS) - How Performance Is Measured** Altura uses PPS as its core accounting mechanism. * As strategies generate yield, PPS increases. * User balances grow proportionally. * No manual claiming or compounding is required. * All value creation is embedded directly in the PPS. This creates transparent, on-chain performance attribution. Tg Image 1040107293 Pn *** ## **Oracle-Governed PPS Updates** PPS updates occur through authenticated oracle reporters and include: * **Movement limits** (prevents abnormal jumps) * **Freshness checks** (reject stale data) * **Timestamp validation** (no future blocks) * **Reporter authentication** (only authorized oracles can update) These safeguards ensure PPS reflects *real* performance only. *** ## **Withdrawals - Dual-Path System** Altura supports two withdrawal paths for user flexibility and protocol stability: ### **Path 1 - Instant Withdrawal** Executed **immediately** if the withdrawal amount is **≤ the vault’s liquid balance**. ### **Path 2 - Epoch Withdrawal** If the requested amount **exceeds available liquidity**, the withdrawal enters the current epoch.\ Once the epoch concludes, funds become claimable. ### **Fees** **Instant: 0.1%**\ **Epoch Withdrawal: 0%** ## **Full Operational Lifecycle** A simplified overview of the vault lifecycle: 1. User deposits USDT on HyperEVM 2. Vault mints proportional shares 3. PPS updates as strategies generate yield 4. User requests withdrawal 5. Instant withdrawal if liquidity is available 6. Otherwise, processed at epoch end # Introduction Source: https://docs.altura.trade/index Welcome to Altura Trade - your gateway to institutional-grade vault strategies. ## **Overview** 159.png Altura is a multi-strategy yield protocol deployed on HyperEVM, designed to provide sustainable, risk-adjusted returns through a diversified set of non-directional and asset-backed strategies. Users deposit stablecoins into a single vault, and Altura allocates capital across multiple yield sources using an institutional-grade execution and risk framework. Strategy selection, capital allocation, and rebalancing are handled programmatically, allowing users to access professional yield generation without managing trades or exposure themselves. Altura’s design prioritizes capital efficiency, transparency, and long-term sustainability, rather than short-term incentives or speculative returns. *** ## The Problem Altura Solves Many yield platforms rely on models that are structurally fragile, including: * Inflationary token emissions * Circular incentive systems * Directional speculation * Opaque or unverifiable strategies * Dependence on continuous TVL growth These approaches often perform well in favorable conditions but fail during market stress, exposing users to unnecessary risk. *** ## Altura’s Approach Altura takes a fundamentally different path. All yield is sourced from real economic activity, not token inflation or leverage. The protocol focuses on strategies that generate revenue through market structure, liquidity provision, and asset-backed activity. * Altura’s system is designed to be: * Market-aware, not market-dependent * Diversified across multiple yield sources * Hedged where applicable * Transparent and verifiable * Built for long-term operation # Strategy Overview Altura deploys capital across three complementary strategy pillars: 1. Market Making\ Liquidity provision across selected venues designed to capture bid–ask spreads while maintaining neutral market exposure. 2. Funding Rate & Basis Arbitrage\ Market-neutral strategies that capture yield from funding rate imbalances and futures basis convergence. 3. Real-World Asset (RWA) Strategies\ Asset-backed yield sourced from real economic activity, providing diversification beyond purely on-chain returns. Each strategy serves a distinct role within the portfolio, allowing Altura to maintain balanced performance across market conditions. *** # Principles of Sustainable Yield  Altura only sources yield from mechanisms that are economically sustainable. ### Sustainable yield includes: * Market-driven trading fees * Funding payments from hedged positions * Structural arbitrage * Asset-backed revenue * On-chain verifiable activity ### Altura does not rely on: * Token emissions * Circular incentives * High-leverage looping * Speculative APYs * Designed for Long-Term Performance ### Altura is built to perform across market cycles by combining: * Multiple independent yield sources * Conservative risk management * Transparent execution * Institutional-grade infrastructure The result is a yield protocol designed for durability, scalability, and capital preservation. # Legal & User Responsibility Disclosures Source: https://docs.altura.trade/legal ## **Not Financial Advice** Altura provides on-chain yield infrastructure and does not offer investment advice, portfolio guidance, or financial recommendations.\ Users interact with the protocol at their own discretion. ## **No Guarantees of Future Performance** Past performance does not guarantee future results.\ Yield rates fluctuate based on market conditions, funding spreads, staking rates, and liquidity environments. Returns are not fixed or guaranteed. ## **Market and Protocol Risks** All on-chain systems involve inherent risks, including smart contract vulnerabilities, network instability, rapid market dislocations, and counterparty failures in integrated protocols.\ Users should evaluate these risks before depositing funds. ## **User Responsibility for Wallet Security** Altura never holds user private keys.\ Users are solely responsible for: * securing their wallets * safeguarding private keys * verifying transactions before signing Altura cannot reverse or modify user-signed actions. ## **Permissionless Access** Altura operates as a permissionless smart contract system.\ Anyone may interact with the vault according to the protocol rules, without intermediaries or custodians. ## **Compliance & Jurisdictional Restrictions** Users are responsible for ensuring that interacting with the protocol complies with the laws and regulations of their jurisdiction.\ Altura does not operate as a broker, exchange, or money service business. ## **Transparency of Protocol Changes** All configuration updates are: * timelocked * visible on-chain * executed through restricted governance roles Users may monitor pending and executed changes at any time. ## **Open-Source Notice** Altura’s smart contracts are open-source or publicly verifiable, enabling independent analysis, monitoring, and auditing by external contributors and security professionals. # Supported Networks and Tokens Source: https://docs.altura.trade/networks All Suported Networks and Tokens of Altura Platform ## Supported Networks | Network | AVLT Address | | -------- | ------------------------------------------------------------------------------------------ | | HyperEVM | 0xd0Ee0CF300DFB598270cd7F4D0c6E0D8F6e13f29
0x74dB7a52773A52699dbC0c01b1254E5301E3e119 | | Ethereum | 0x74dB7a52773A52699dbC0c01b1254E5301E3e119 | | Arbitrum | 0x74dB7a52773A52699dbC0c01b1254E5301E3e119 | | Optimism | 0x74dB7a52773A52699dbC0c01b1254E5301E3e119 | | Polygon | 0x74dB7a52773A52699dbC0c01b1254E5301E3e119 | ## Supported Tokens | Network | Address | | -------- | -------------------------------------------------------------------------------------------------------- | | HyperEVM | 0xb8ce59fc3717ada4c02eadf9682a9e934f625ebb (USD₮0) | | Ethereum | 0xdAC17F958D2ee523a2206206994597C13D831ec7 (USDT)
0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48 (USDC) | | Arbitrum | 0xFd086bC7CD5C481DCC9C85ebE478A1C0b69FCbb9 (USDT)
0xaf88d065e77c8cC2239327C5EDb3A432268e5831 (USDC) | | Optimism | 0x94b008aA00579c1307B0EF2c499aD98a8ce58e58 (USDT)
0x0b2C639c533813f4Aa9D7837CAf62653d097Ff85 (USDC) | | Polygon | 0xc2132D05D31c914a87C6611C10748AEb04B58e8F (USDT)
0x3c499c542cEF5E3811e1192ce70d8cC03d5c3359 (USDC) | # Pre-TGE Incentives Source: https://docs.altura.trade/pretge Technical and financial specifications for the AVLT Pre-TGE Incentive Program. ## Program Overview The program is designed to bootstrap liquidity and reward early supporters through a fixed-supply reward mechanism. A total allocation of **\$750,000 USD** in tokens (valued at a **\$150M FDV**) has been committed to the 99-day incentive pool. ## **Temporal Parameters** The distribution period is strictly defined as follows: * **Effective Start Date:** January 21st * **Termination Date:** April 30th * **Cut-off Time:** 14:00 UTC * **Total Duration:** 99 Days ## **Dynamic Yield Schedule** Rewards are distributed pro-rata among all eligible AVLT holders. Because the total reward pool is fixed, the Annual Percentage Rate (APR) is inversely proportional to the Total Value Locked (TVL). \ The following table illustrates the target APR tiers based on TVL milestones: | Total Value Locked (TVL) | Projected Bonus APR | | ------------------------ | ------------------- | | \$1,500,000 | 182.50% | | \$3,000,000 | 91.25% | | \$6,000,000 | 45.62% | | \$12,000,000 | 22.81% | ## **Accrual and Claiming Mechanics** The infrastructure utilizes a continuous accrual model to ensure transparency and accessibility: * **Automatic Accrual:** Rewards are calculated and attributed to user balances automatically based on real-time snapshots of AVLT holdings. * **Redemption Interfaces:** Participants may claim accrued rewards via two authorized channels: * **Merkl’s Official Website:** [https://app.merkl.xyz/](https://app.merkl.xyz/) * **Altura Official Website:** [https://app.altura.trade/](https://app.altura.trade/) ## **Vesting and Liquidity Provisions** To align long-term incentives and mitigate market volatility upon the Token Generation Event (TGE), the following vesting schedule applies: * **Initial Unlock:** 30% of total earned rewards are claimable at TGE. * **Vesting Duration:** The remaining 70% of rewards are subject to a **6-month linear vesting** period. * **Release Frequency:** Tokens will unlock continuously following the TGE. * **Claim Mechanism**: A single claim transaction initiates both the 30% TGE unlock and the 6-month linear vesting schedule for the remaining balance. # Safety & Protections Source: https://docs.altura.trade/safety Institutional, structured, and designed for absolute clarity ## Overview 162.png Altura’s architecture is designed to minimize risk, enforce transparency, and ensure that yield generation remains predictable, controlled, and secure. This section outlines the protections embedded across protocol operations. *** ## **Smart Contract Hardening** Altura’s contracts incorporate multiple layers of reinforcement based on internal review and external audits. These include: ### **• Corrected Share Accounting** Ensures that minting and burning of shares cannot be exploited through rounding or precision attacks. ### **• Slippage & Value Protection** Deposit and withdrawal paths enforce value-consistency rules to guarantee users receive PPS-aligned outcomes. ### **• Oracle Validation Improvements** All PPS updates are validated against upper/lower bounds, timestamp thresholds, and movement limits to prevent incorrect data propagation. ### **• Enforced Paused States** All sensitive functions respect pausing controls, stopping execution during emergencies. ### **• Permissioned Transfers Only** Assets can only be transferred to pre-approved smart contracts and keeper EOA’s, eliminating arbitrary fund movement risk. ### **• Secure ERC20 Allowance Handling** Allowance operations follow strict patterns, preventing the class of errors commonly found in DeFi approvals. These adjustments form part of Altura’s long-term hardening strategy to ensure systemic security. # Strategies Source: https://docs.altura.trade/strategies ALTURA MULTI-STRATEGY TRADING FRAMEWORK | Market Making · Funding Arbitrage · Real-World Asset (RWA) ## Overview 160.png Altura operates a multi-strategy trading framework designed to generate consistent, risk-
adjusted returns across varying market conditions.

The platform deploys capital exclusively into **professional, non-directional and asset-backed strategies**, prioritising: * Capital preservation * Liquidity discipline * Institutional-grade execution * Risk-controlled deployment Altura strategies are not designed for speculative directional exposure. Returns are generated through: * Market inefficiencies * Liquidity provision * Funding and basis differentials * Real-world asset trading activity *** ## **Strategy Pillars** Altura deploys capital across three complementary strategy pillars: 1. **Delta-Neutral Crypto Market Making** 2. **Funding Rate & Basis Arbitrage** 3. **Real-World Asset (RWA)** Capital allocation between strategies is dynamically adjusted based on market conditions,
liquidity, and risk-adjusted return expectations. ## **Strategy Pillar 1 - Delta-Neutral Crypto Market Making** ### **Objective** The market-making strategy is designed to: * Generate spread-based returns * Maintain low or neutral directional exposure * Control inventory and volatility risk * Provide liquidity across selected venues **Optimisation Objective:** *(Spread Revenue + Market Share) − (Inventory Risk + Hedging Cost + Execution Risk)* 11(1) ### **Strategy Architecture** The strategy operates through: **Quoting Engine** * Continuous bid/ask liquidity provision * Adaptive spread management * Optimal quote sizing **Hedging Engine** * Real-time inventory neutralisation * Dynamic execution logic * Slippage and risk control **Opportunistic Adjustments** * Regime-aware positioning * Volatility-responsive execution ### **Risk Management** * Inventory exposure limits * Volatility-based hedging * Automated kill-switches * Exchange and venue diversification *** ## Strategy Pillar 2 - **Funding Rate & Basis Arbitrage Strategy** ### **Objective** This strategy captures predictable yield from structural inefficiencies between: * Spot markets * Perpetual futures * Dated futures The strategy remains market-neutral and does not rely on directional exposure. 12(1) ### **Execution Structure** Typical positioning includes: * Long spot / short perpetual * Long perpetual / short futures * Cross-venue arbitrage Returns are driven by funding rates and basis convergence rather than price movement. ### **Risk Controls** Funding persistence monitoring * Margin and liquidation buffers * Position size controls * Continuous rebalancing *** ## **Strategy Pillar 3 - REAL-WORLD ASSET (RWA)** Post ### **Capital Deployment** Capital allocated to the RWA strategy: * Is used solely for physical gold trading * Is not leveraged or rehypothecated * Is deployed in short settlement cycles * Is allocated in tranches * Remains fully recallable Allocation remains flexible over time, with no minimum capital commitment ### **Trading Methodology** The strategy focuses on: * Physical gold arbitrage * Buy–sell pricing inefficiencies * Delivery-versus-payment settlement * Short-duration trade cycles All returns are generated from real-world asset activity. ### **Aurellion Tokenized Gold  & On-chain trading** We have partnered with our tokenization provider Aurellion to bring this strategy on-chain Tokenize gold through Aurellion and the purchasing refinery will buy Gold on-chain The transfer of the physical Gold and its associated logistics flows will also be signed and tracked on-chain coupling the real and tokenized asset together. Settlement of all trades and logistic process will occur on-chain on Aurellion's platform. Giving users a direct look through the inner workings of the strategy, transaction by transaction. IMG 5570 ### **Capital Recall (RWA Only)** For capital deployed into the RWA strategy: * Partial or full recall may be requested with **7 days’ notice** * New trade deployment ceases upon notice * Open trades are settled * Capital and accrued returns are returned within **7 days** There are: * No lock-ups * No exit penalties * No restrictions beyond settlement completion Failure to return capital within the stated period constitutes a contractual default. Altura Infographic *** ### **CUSTODY, TRANSPORT & INSURANCE** #### All physical gold movements: * Are executed through internationally recognised logistics providers * Are fully insured at market value * Follow delivery-versus-payment (DvP) standards * Remain segregated from Altura operating funds *** ## MF-One: Strategy Overview mF-ONE operates a multi-strategy tokenized framework (issued as a certificate via Midas.rwa) that maps the performance of Fasanara Capital's flagship "F-ONE" strategy, managing over \$5 billion in AUM across traditional and digital markets. The strategy deploys capital exclusively into professional, non-directional, and asset-backed vehicles, prioritizing capital preservation, liquidity discipline, and institutional-grade execution. #### **Strategy Pillars & Execution** Rather than pursuing speculative directional exposure, the framework dynamically splits capital across two core pillars to optimize risk-adjusted returns: * **Real-World Asset (RWA) Fintech Lending:** Deploys capital into low-volatility, short-duration traditional market structures including SME loans, receivables, and real estate credit. Capital is allocated in structured tranches and remains asset-backed. * **Delta-Neutral Crypto Market Making:** Employs a sophisticated quoting and hedging engine designed to capture spread-based returns, maintain a neutral directional inventory, and mitigate volatility risk across selected digital venues. *** ## Travessia: Strategy Overview This strategy finances high-velocity Brazilian grain flows through a structured, on-chain credit vault. Altura provides stablecoin liquidity to Travessia, which allocates capital to Tauri Agrícola, a local commodity trade finance operator. Tauri uses the capital to fund short-duration physical grain transactions (corn, soy, and sorghum), paying producers immediately upon loading, coordinating logistics, and hedging commodity and FX exposure. The strategy captures yields by financing this working-capital gap, offering faster capital than traditional banks. *Altura does not directly trade or custody physical grain.* #### **Core Execution & Methodology** * Operational Mandate: Tauri handles physical trading, integrated logistics, trade structuring, and risk management from negotiation to settlement. * Inefficiency Capture: Returns are driven 100% by real-world asset activity, focusing on buy–sell pricing inefficiencies and short-duration, repeatable trade cycles. #### **Capital Deployment Guardrails** * Strict Allocation: Capital is used exclusively for physical grain trading with zero leverage or rehypothecation. * Liquidity Discipline: Funds are deployed in short settlement cycles and remain fully recallable. * Flexibility: Allocations adjust dynamically over time with no minimum capital commitment. *** ## **WITHDRAWAL & LIQUIDITY POLICY** *(Applies to all Altura strategies unless otherwise stated)* ### **Standard Withdrawal** * Processed within **72 hours** of request * No withdrawal fee * Executed within normal liquidity and risk management cycles ### **Instant Withdrawal (Optional)** * Available on demand, subject to liquidity * Processed immediately or as soon as technically feasible * Subject to a **0.10% instant withdrawal fee** Instant withdrawals may require forced position unwinds or less optimal execution and are
priced to reflect this operational impact. *** ## **RISK MANAGEMENT FRAMEWORK** Altura enforces: * Capital exposure limits * Strategy-level allocation caps * Counterparty diversification * Real-time monitoring * Automated risk controls *** ## **FEE PHILOSOPHY** Altura fees reflect: * Institutional-grade execution * Active risk management * Capital efficiency * Long-term alignment Fee schedules are published separately. *** ## **FINAL NOTES** Altura is designed for investors seeking: * Professional execution * Asset-backed strategies * Transparent liquidity * Disciplined risk management This document represents the definitive description of Altura’s trading framework. # Team Source: https://docs.altura.trade/team **Ranveer Arora (CEO & Co-Founder)** 1772893351312 * Entrepreneur, quantitative strategist, and investor with over a decade of experience bridging traditional finance and decentralized markets. * Currently serving as Founder & CEO of [Altura.trade](http://Altura.trade), a decentralized yield and trading infrastructure platform that delivers institutional-grade strategies on-chain through delta-neutral and liquidity arbitrage mechanisms. * Previously led the Quantitative Trading Division at PwC, building advanced analytics and trading models for global clients. Began his career as a Fixed Income Strategist at AllianceBernstein in New York, specializing in rate-curve modeling, macro trading, and multi-asset risk management. * Combines a background in econometrics, financial engineering, and digital asset markets with a focus on scaling transparent, risk-adjusted yield strategies for global investors. # On-Chain Verifiability Source: https://docs.altura.trade/verifiability Transparent, auditable, and independently observable. ## Overview 163.png Altura is built on HyperEVM, enabling full on-chain visibility into the vault’s performance, strategy execution, and accounting logic. Every component that impacts user value can be independently reviewed and verified. *** ## **Transparent Vault Accounting** All vault operations occur on-chain, allowing users to verify: * Total assets under management * Total shares in circulation * Price-per-share (PPS) changes over time * Net asset value (NAV) movement * Strategy allocations and rebalancing events PPS reflects real, realized strategy performance and cannot be arbitrarily adjusted. *** ## **Strategy-Level Transparency** While Altura abstracts operational complexity for users, all strategy performance remains transparent and verifiable. Each strategy contributes directly to vault performance, with results observable through on-chain data and vault accounting mechanisms. Strategy-level outputs include: * Funding rate and basis capture results * Market-making and liquidity provision revenue * Arbitrage settlement flows * RWA-related cash flow and settlement activity (where applicable) Performance is reflected in the vault’s balance movements and price-per-share (PPS) evolution, allowing users to independently verify that yield is derived from real economic activity. Altura does not rely on opaque reward mechanisms or artificial incentives.\ All yield is generated through observable execution and reflected directly in vault performance. *** ## **Oracle Update Transparency** PPS updates submitted by oracle reporters are: * visible on-chain * timestamped * signed by authorized reporter addresses * validated through protocol logic Users can confirm that: * PPS only increases when real yield is generated * No future-dated or stale reports are accepted Movement limits ensure fair and predictable updates *** ## **Withdrawal Queue Visibility** All withdrawal activity is fully verifiable: * Active withdrawal epochs * User-specific withdrawal requests * Liquidity availability * Claim eligibility after the minimum holding period Users can independently confirm their place in the epoch queue and the vault’s liquid balance before claiming. *** ## **Transparent Hybrid Execution - No Hidden Risk** Altura does not rely on: * opaque or unverified off-chain trading * manual operators executing discretionary strategies * black-box yield sources * centralized custody environments without on-chain reconciliation Altura operates through a **hybrid execution model**.\ All strategy performance - including arbitrage, funding capture, liquidity provision, and RWA cashflows - is **verified, settled, or reconciled on-chain** (primarily on Hyperliquid and other integrated on-chain venues). Where strategies use **off-chain components** (e.g., execution on perpetual venues, RWA yields, funding collection, or institutional accounts), all cashflows, PnL movements, and risk signals are **continuously mirrored, settled, and accounted for on-chain** over the lifecycle of the position - preserving institutional-grade transparency, auditability, and predictable outcomes. *** ## **Public Contract Addresses** All core components are deployed as immutable or timelocked contracts, including: * Vault contract * Share token * Oracle reporter * Pausing and governance roles * Strategy executors (where applicable) This architecture ensures that users can independently track contract interactions and validate protocol behavior without relying on Altura-operated interfaces. # Altura Token Whitepaper Source: https://docs.altura.trade/whitepaper This document defines the Altura token model, including allocation, unlock, emissions schedule, incentives, optional LP tranches with lockups, and structures surrounding token value inflows. [Whitepaper v1.0](https://app.altura.trade/whitepaper.pdf)