General platform FAQ

Syntetika is a tokenization platform that brings institutional investment strategies onchain. It connects professionally managed funds with blockchain infrastructure, allowing users to access strategies through tokens held in their wallets.

Each investment strategy operates within an independently administered fund and is connected to a dedicated onchain vault. Users deposit the supported asset and receive a vault token representing their position. The token's value reflects the underlying fund's performance.

Syntetika currently offers two strategies: BTC Basis+, a Bitcoin-denominated delta-neutral strategy represented by hBTC, and Enigma ONE, a USD-denominated market-neutral statistical arbitrage strategy represented by oneUSD.

Each strategy has its own investment approach, risk profile, fees, and redemption terms.

Explore the Vaults section to discover the available strategies, compare their characteristics, and access their dedicated FAQs.

Strategies are managed by professional asset managers. Each fund operates with independent administration and external oversight.

Strategies undergo investment and operational due diligence before being integrated. This includes reviewing the fund's structure, management, track record, risk controls, custody arrangements, and independent reporting.

Tulipa Capital acts as the strategy curator. Learn more about how a strategy gets onto Syntetika.

A vault token is an onchain representation of your position in a strategy. It follows the ERC-4626 standard and represents a proportional claim on the vault's assets.

As the underlying strategy performs, the token's value can increase or decrease. You do not need to manually reinvest strategy returns.

Returns come from the investment strategy operating within each fund, not from issuing new tokens or distributing fixed rewards.

Different strategies generate returns in different ways. Each vault explains its investment approach, performance, and associated risks.

Vault tokens are valued using the underlying fund's Net Asset Value (NAV), calculated by an independent fund administrator.

Once the NAV is verified and published onchain, the token's exchange rate updates to reflect the latest valuation. The value can move up or down.

Vault transactions, token supplies, and contract activity are visible onchain. Information about underlying fund assets and valuations comes from independent administrators and third-party verification.

Users can review available reports and supporting information through the platform.

Syntetika uses Ember Protocol's vault infrastructure, whose smart contracts have undergone independent security audits and are supported by a bug bounty programme.

Audit information and security arrangements are available in Ember Protocol's security documentation.

Audits help identify vulnerabilities but do not eliminate smart contract or investment risks.

You can submit deposit and redemption requests through the platform, but processing is not instantaneous. Transactions follow the dealing calendar and settlement terms of the relevant fund.

Each vault displays its applicable schedule and request status.

No. All investment strategies involve risk, including potential loss of capital. Market-neutral or delta-neutral strategies aim to reduce exposure to broad market movements, but they can still experience losses.

Fees depend on the strategy and may include fund-level management and performance fees, as well as vault-level fees.

The fee structure for each product is explained in its dedicated vault.

Hilbert Group, a publicly traded digital-asset investment company, owns Syntetika's development company. The Syntetika protocol and its foundation operate independently.

You can contact the Syntetika team at support@syntetika.io. For technical information, visit docs.syntetika.io.