Risks

Delta-neutral reduces directional risk, but it is not risk-free. Please read this before depositing, and only deposit what you can afford to lose.

Smart-contract risk

Audited contracts can still contain vulnerabilities. Interacting with on-chain protocols may result in partial or total loss of funds.

Counterparty and execution risk

Strategies rely on exchanges and venues to hold hedges and settle trades. Failures, outages or insolvency at a venue, or slippage during re-hedging, can affect returns or principal.

Funding-rate risk

Yield depends partly on funding rates, which fluctuate and can turn negative. When that happens, returns compress and a position can cost money to maintain for a period.

Liquidity and market risk

In extreme conditions, hedges can drift before they are re-balanced, and unwinding positions can take longer or be more expensive. Digital assets are volatile.

No guaranteed returns

Performance figures reflect strategy targets and results to date and are not a guarantee of future returns. APRs vary with market conditions. Castor does not provide investment, legal or tax advice.