✍️Fees + Redemption Period

All fees and redemption periods are shown in the neutral.trade vault page

Funds will become available for withdrawal at the conclusion of the redemption period. Any upside profit accrued during the redemption period is forfeited within Drift vaults, while in NT Vault strategies, you remain exposed to both the upside and downside during this period.

Funds will become available for withdrawal at the conclusion of the redemption period. Any upside profit accrued during the redemption period is forfeited within Drift vaults, while in NT Vault strategies, you remain exposed to both the upside and downside during this period.

The annual service fee is time-based. For example, a 2% annual service fee breaks down to about 0.00548% per day (2% / 365 days).

Commission is taken on the profits we’ve made for you. If we didn't make money for you, we don't earn.

Deposited funds are subject to a redemption period to prevent arbitrage opportunities. Due to the nature of our strategies, manual adjustments may be required to facilitate withdrawals in an orderly manner.

Annual Service Fee — Time-based usage fee. For example, a 2% annual service fee breaks down to about 0.00548% per day (2% / 365 days).

Commission — Profit-sharing cut, only charges if profits are made for the user.

Commission Paid — the total commission you’ve paid. These are only charged on profits above your High Water Mark (the highest balance after fees).

Earnings — The total profit you’ve made in the vault, after all fees (commission/service fee) have been deducted.

Balance — The current value of your holdings in the vault (after fees).

High Water Mark — Your highest post-fee portfolio value. Commission is only charged if your balance goes above this level. New High Water Mark = max(Previous High Water Mark, Current Balance after Fees).

Example:

1. You deposit 100 USDC.

2. Portfolio grows to 110 USDC. A 10% gain is achieved, fees are taken (e.g. 2 USDC if fee = 20%), leaving you with 108 USDC.

3. Your new High Water Mark = 108 USDC.

4. You won’t pay fees again unless your portfolio grows beyond 108 USDC.

Deposit/Withdrawal Lifecycle (Neutral Strategy Vaults)

Earn

Vault	Vault Type	Commission, %	Annual Service Fee (Daily), %	Withdrawal fee	Redemption
NT Earn	Neutral Strategy Vault	0	0	0	Within 1.5 hours

Market Neutral ⚖️

Vault	Vault Type	Commission, %	Annual Service Fee (Daily), %	Withdrawal fee	Redemption
JLP Delta Neutral - Enhanced	Neutral Strategy Vault	25	0	0.2% [Will be deposited back to the vault for existing depositors]	Deployment: 24 Hours Withdrawal: 3 Days [Post-Lock, After Last Processing (Within 4 Days)]
JLP Delta Neutral (Drift)	Drift	25	0	0	Withdrawal: 1 Day
Neutralized JLP	Drift	0	0.0192 (7% per Y)	0	Withdrawal: 1 Hour
Hyperliquid Funding Arb	Neutral Strategy Vault	20	0	0.2%	Deployment: 24 Hours Lock: 3 Days [Post-Deployment] Withdrawal: 3 Days [Post-Lock, After Last Processing (Within 4 Days)]
Hyperithm Cross Exchange Funding Arb	Neutral Strategy Vault	20	0.00274% (1% per Y)	0.3% [Will be deposited back to the vault for existing depositors]	Deployment: 24 Hours Lock: 3 Days [Post-Deployment] Withdrawal: 3 Days [Post-Lock, After Last Processing (Within 4 Days)]

Yield Enhancement 👨‍🌾

Vault	Vault Type	Commission, %	Annual Service Fee (Daily), %	Withdrawal fee	Redemption
SOL Super Staking Vault	Drift	20	0	0	Withdrawal: 1 Day
ETH Super Staking Vault	Drift	20	0	0	Withdrawal: 1 Day
BTC Super Staking Vault	Drift	20	0	0	Withdrawal: 1 Day

Directional 👨‍💻

Vault	Vault Type	Commission, %	Annual Service Fee (Daily), %	Withdrawal fee	Redemption
CTA Momentum (R* Research)	Neutral Strategy Vault	25	0.00548% (2% per Y)	0.3%	Deployment: 24 Hours Lock: 14 Days [Post-Deployment] Withdrawal: 7 Days [Post-Lock, After Last Processing (Within 8 Days)]

Indexes ⚡️

Vault	Vault Type	Commission, %	Annual Service Fee (Daily), %	Withdrawal fee	Redemption
Hyper JLP	Drift	15	0.00548 (2% per Y)	0	Withdrawal: 1 Day
Moon LP	Neutral Strategy Vault	0	0.00548 (2% per Y)	0.2%	Deployment: 24 Hours Lock: 4 Days [Post-Deployment] Withdrawal: 3 Days [Post-Lock, After Last Processing (Within 4 Days)]
The Great Debasement	Neutral Strategy Vault	0	0.00548 (2% per Y)	0.3%	Deployment: 24 Hours Withdrawal: 1 Days [Post-Deployment, After Last Processing (Within 2 Days)]

Private Credit 💸

Vault	Vault Type	Commission, %	Annual Service Fee (Daily), %	Withdrawal fee	Redemption
TermMax PCD	Neutral Strategy Vault	20	0	0	October 2025
Neutral Trade: Lighter LLP	Neutral Strategy Vault	0	0.00548 (2% per Y)	0.2%