Harva's core thesis centers on the $305 billion stablecoin yield gap. But stablecoins aren't the only idle crypto assets. Billions of dollars in BTC, ETH, and XRP sit in wallets and on exchanges, earning nothing. Our multi-asset vault strategies are designed to put these assets to work — with risk profiles calibrated to each asset's unique characteristics.
The crypto market has matured beyond the point where every portfolio is 100% stablecoins or 100% volatile assets. Sophisticated allocators hold diversified portfolios and want yield on every component. A treasury holding $10M in USDC, $5M in ETH, and $2M in BTC shouldn't have to choose between earning yield on one asset or another.
Harva's multi-asset vaults solve this by offering dedicated yield strategies for each major asset class, all accessible through the same infrastructure.
Ethereum offers the richest yield landscape of any crypto asset, thanks to staking, restaking, and the deep DeFi ecosystem built on top of it.
Native Staking Yield (Base Layer). The foundation of our ETH vault is validator staking, currently generating approximately 3.2-3.8% APY. This is the most battle-tested yield source in crypto — secured by Ethereum's proof-of-stake consensus mechanism with over $100 billion in total staked value.
Liquid Staking Optimization. Rather than running validators directly, our ETH vaults use liquid staking tokens (stETH, rETH, cbETH) that allow staked ETH to remain liquid and composable. Our models continuously optimize allocation across liquid staking providers based on: - Validator performance and uptime - Liquidity depth of the LST - DeFi composability opportunities - Protocol risk assessment
Restaking Alpha. EigenLayer and similar restaking protocols allow staked ETH to secure additional networks, earning supplementary yield on top of base staking returns. Our strategy managers carefully evaluate each actively validated service (AVS) for risk-adjusted returns before allocating.
DeFi Composability. Liquid staking tokens can be deployed into lending markets, liquidity pools, and other DeFi protocols to earn additional yield layers. Our ETH vaults capture this composability premium while maintaining strict risk limits on total leverage and protocol exposure.
Combined ETH Vault APY: 5-12% depending on market conditions and risk tier.
Bitcoin yield has historically been limited, but the emergence of wrapped BTC products and Bitcoin DeFi has opened new opportunities.
Wrapped BTC Lending. WBTC and cbBTC can be supplied to lending protocols on Ethereum, Arbitrum, and other chains where borrowing demand for BTC creates natural yield. BTC is consistently one of the most borrowed assets in DeFi, as traders use it for leveraged positions and hedging.
BTC Basis Trading. The spread between BTC spot and futures prices has historically averaged 8-15% annualized during bull markets. Our strategy partners capture this spread through delta-neutral positions — long spot BTC, short BTC futures — generating yield regardless of price direction.
Cross-Chain BTC Yield. As Bitcoin L2s and sidechains mature, new yield opportunities emerge. We selectively deploy to protocols with proven security models and meaningful TVL, avoiding the tail risk of nascent chains.
Combined BTC Vault APY: 4-10% depending on market conditions and risk tier.
XRP represents a unique opportunity as the XRP Ledger ecosystem expands and institutional adoption accelerates following regulatory clarity.
AMM Liquidity Provision. The XRP Ledger's native AMM allows liquidity provision for XRP trading pairs. As trading volume on the XRPL grows, liquidity providers earn a proportional share of trading fees.
Cross-Chain DeFi. Wrapped XRP on EVM chains can be deployed into lending protocols and liquidity pools where XRP borrowing demand exists. As more protocols list XRP as collateral, lending yields improve.
Institutional Lending. XRP's strong institutional adoption creates opportunities for over-the-counter lending to market makers and trading desks who need XRP liquidity for cross-border payment flows.
Combined XRP Vault APY: 3-8% depending on market conditions and strategy availability.
The critical difference between stablecoin and volatile asset vaults is the risk profile:
| Factor | Stablecoin Vaults | ETH Vaults | BTC Vaults | XRP Vaults |
|---|---|---|---|---|
| Price risk | Minimal | High | High | High |
| Impermanent loss | Negligible | Moderate | Moderate | Moderate |
| Smart contract risk | Standard | Standard | Standard + bridge risk | Standard + bridge risk |
| Yield sources | Lending, basis | Staking, DeFi, restaking | Lending, basis | AMM, lending |
| Typical APY range | 6-18% | 5-12% | 4-10% | 3-8% |
Depositors in volatile asset vaults are already exposed to the price risk of holding those assets. Harva's vault strategies add yield on top of that existing exposure without introducing leverage or directional bets.
Each asset class has its own risk parameters within our infrastructure:
Our strategy managers specialize by asset class. The team managing ETH staking strategies has deep expertise in validator economics and restaking protocols. The team running BTC basis trades has years of experience in crypto derivatives markets. Specialization produces better risk-adjusted returns.
Multi-asset vaults are the natural evolution of Harva's curated marketplace. Every crypto asset deserves a yield strategy built by specialists — and every depositor deserves the transparency to understand exactly how that yield is generated.
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Harva Engineering
Engineering Team at Harva. Building DeFi vault infrastructure powered by quantitative trading expertise.