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EXPLAINABLE VAULTS

Understand the yield.
See the reasoning.

On-chain income, with an investment case you can follow. See what a vault owns, why it owns it, and what would cause the allocation to change.

Explore the walkthrough

Product walkthrough · Illustrative portfolio · Design-partner access planned

RESEARCH-INFORMED ALLOCATION ONGOING MONITORING

01 / INSIDE THE VAULT

One view · A clearer decision

Kurtosis is developing curated USDC vaults that connect research-informed allocation with ongoing monitoring. Explore the portfolio mix, the role of each holding, and the rules behind each decision.

Controlled design-partner access planned

EXPLAINABLE VAULTS / PRODUCT PREVIEWRESEARCH-INFORMED ALLOCATION
KURTOSIS HORIZON

Overview

Example mandate
Settlement assetUSDC
StrategyTarget date
PortfolioEvergreen
ProcessRules-based

Allocation through the cycle

From floating exposure toward the target date

Explore each stage

Example exposure mix

  • Floating55%
  • Fixed to maturity30%
  • Liquidity reserve15%

Example figures, not actual holdings or target weights

Understand the portfolio logic. Explore the role and sizing of each allocation, the controls that govern changes, and the record behind each decision.

02 / ALLOCATION AGAINST TIME

A horizon for your capital

Horizon is designed as an evergreen portfolio. Within each target-date cycle, allocation adapts from floating exposure toward approved positions that mature around the date capital is needed.

FLOATING → FIXED TO MATURITYSelected: Cycle starts
STAGE 01 / CYCLE STARTS

Keep the starting point flexible.

Begin with eligible floating-rate opportunities while assessing the path toward the target date. Flexibility remains subject to the liquidity of each underlying position.

Capture approved floating yields.

What matters here
Eligibility, concentration, available liquidity, and the sources of return
Decision logic
Allocate only within the mandate and approved position limits.

Kurtosis Horizon allocation cycle. The mix is schematic, not a prescribed allocation or return forecast. A target date does not guarantee liquidity or repayment.

03 / MONITORING & ALLOCATION

What changes the allocation?

The portfolio logic connects changes in research, liquidity, and time to a review, a rebalance, or an exit. Each decision should explain what changed and why it matters to the mandate.

01

The investment case changes

A rating change or new evidence prompts a review of eligibility and sizing. The allocation rules determine whether to hold, reduce, or exit the position.

02

Liquidity or limits change

Changes in concentration, available liquidity, or execution costs can call for rebalancing. Any adjustment must respect position limits and the route back to USDC.

03

The horizon approaches

As the target date nears, review maturity alignment and redemption timing. Move toward eligible fixed-to-maturity positions when the investment case and liquidity support it.

A decision your committee can follow: Record the trigger, the portfolio impact, the action taken, and the reason. For the underlying position assessment and supporting evidence, explore Kurtosis Ratings.

Explore Kurtosis Ratings

BEFORE AN ALLOCATION

Questions worth asking

EXPLORE THE APPROACH

Bring your mandate.
We’ll walk through the reasoning.

Talk to the team about your investment horizon, liquidity needs, and the allocation decisions your committee needs to understand.

Discuss Explainable Vaults