A curator should be evaluated on decisions, not one APY snapshot.
For Haedal Lending Vault, performance attribution means separating three questions: Was capital placed in the right lending markets? Were reallocations timely when rates and liquidity changed? Did daily compounding convert rewards into persistent vault share-price growth?
A strong market can make every allocation look intelligent. The harder test is what happens after incentives decline or liquidity becomes uneven. Compare allocation changes with subsequent realized returns, check whether turnover improved outcomes, and measure results against a simple direct-lending benchmark over the same period.
Haedal is the first curator at launch, and vault activity is visible on-chain. That creates accountability, not guaranteed alpha.
Treat curator selection like manager selection: require a repeatable process, transparent positioning and controlled downside. The module remains BETA.
#Haedal @HaedalProtocol
For Haedal Lending Vault, performance attribution means separating three questions: Was capital placed in the right lending markets? Were reallocations timely when rates and liquidity changed? Did daily compounding convert rewards into persistent vault share-price growth?
A strong market can make every allocation look intelligent. The harder test is what happens after incentives decline or liquidity becomes uneven. Compare allocation changes with subsequent realized returns, check whether turnover improved outcomes, and measure results against a simple direct-lending benchmark over the same period.
Haedal is the first curator at launch, and vault activity is visible on-chain. That creates accountability, not guaranteed alpha.
Treat curator selection like manager selection: require a repeatable process, transparent positioning and controlled downside. The module remains BETA.
#Haedal @HaedalProtocol
