SDMC vault update
We opened with a $3m cap and received around $40k in deposits.
That was not enough to run the allocation route properly, so we’re refunding everyone.
Claims are live in the dashboard.
As a thank you to early depositors, we’re adding a one-time 5% bonus on deposited capital.
This is not APY, not a recurring yield, and should not be expected for future vaults.
Based on how SDMC traded, the modeled vault outcome would likely have been higher if we had proceeded, but the deposit size was too small to run the route properly.
Not the result we wanted, but a useful first launch.
We’ll clean up what was confusing and come back with the next vault.