Hercle Vault
Vault
Details
Name
Hercle Vault
Ticker
$nHercle
Stablecoins Accepted
USDC
Underlying Strategy
PayFi
Networks Supported
Ethereum, Base, BSC
Deposits
Tokens minted immediately
Withdrawals
Withdrawal request anytime and repaid in maximum T+7. Typically repaid on the same day, if the request is made before the cut off time.
Minimum size
100 USDC
Lockup
None
Fees
20 bps per withdrawal request
50 bps per annum, deducted from the gross yield generated on the underlying collateral
Interest Accrual
Lenders earn a variable interest rate which is benchmarked to the 4-Week Bank Discount Daily Treasury Rate less Fees. Principal and interest compounds daily
Exchange Rate Method
Reference price set by Investment Advisor each day at 23:59 GMT. Exchange rate between nHercleUSDC increases each day to reflect daily interest accrual.
Legal Structure
Nara SPV, as mentioned in the sections below
Last updated