K3 Capital ETH Maxi
100% of this vault sits in higher-risk collateral, yet it earns 0.56% on WETH versus 1.95% for a plain WETH vault (-139 bps). You're not being paid for the extra risk.
The K3 Capital ETH Maxi enables rehypothecation and just-in-time liquidity to AMMs through capital efficient ETH lending against the most liquid, battle-tested Liquid Staking and Restaking tokens.
The honest version. Every structural failure mode this vault is exposed to, ranked by severity. If you want to know whether to invest, start here.
Weighted LLTV across markets is 94.5%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.
Vault has meaningful collateral exposure to liquid restaking tokens. A discount to ETH (>2%) propagates directly through liquidation cascades.