A depositor vault for Fake World Assets

Six in ten
depositors lose.
The estate
does not.

Depositing on FWA pays a positive expected return with a negative median one. Lifetimes are memoryless, so a single position usually dies before its fees compound. Forty of them, calibrated and rebalanced, do not.

Enter the vaultRead the method
A plush Fake Estate
Active listings …Harmonic mean H …Acq. price (1.10×H) … +10% surchargeCrown …Crown pot … 1% titheSettlement discount 85%Windows 24h / 7dNetwork Ethereum mainnet liveActive listings …Harmonic mean H …Acq. price (1.10×H) … +10% surchargeCrown …Crown pot … 1% titheSettlement discount 85%Windows 24h / 7dNetwork Ethereum mainnet live
The whole trade, in three numbers
57.3%
of positions are selected before they break even
−16%
per cycle, median depositor, on committed backing
+15%
per cycle, mean depositor, same backing

The gap between the median and the mean is the entire product. Everything below is how the estate stays on the right side of it.

Position survival — single deposite−t
57.3% close at a lossbefore breakeven · t = 0.85100%43%0%01×2×3×lifetime ÷ expected lifetimestill open
The three edges

Backing calibration

Back each position at 1.10× floor — safely under the 1.176× keep/sell threshold. Purchasers keep the NFT and the vault collects the fee, instead of surrendering the 15% settlement discount.

The crown

Permanently hold the top-backed listing. It skims a tithe off every acquisition and, being the largest, is the least likely to ever be drawn — winner-take-all, cheap for pooled capital.

Variance pooling

A single position has CV = 1; n positions have 1/√n. Pooling collapses the noise and converts a negative median into a positive mean — the whole product.

The vault

Deposit, redeem, watch the pool.

Everything you do — deposit ETH, queue a redemption, track NAV per share and the live FWA pool — happens in the position book.

Enter the vault →