Vaults

Three live vaults, three different claims on the graduating class.

Symbol	Weighting	Holdings	NAV / share	30d fee APR
GRAD10	Liquidity-depth, 15% cap	10	1.0231 ETH	21.4%
RWAX	Equal-weight, quarterly reconstitution	6	1.0094 ETH	11.8%
YLD1	Fee-velocity, 15% cap	6	1.0317 ETH	28.6%

All three opened at epoch 0 on August 25, 2026, at 1.0000 ETH per share. Fee APR is trailing, annualized from the last 30 days of harvests, and not a promise.

GRAD10, the Graduate Ten

The broad index: the ten largest graduates by locked-pool depth, weighted by that depth with the standard 15% cap. This is the default choice if you want the class, not a view.

PONS

15.00%

HODL

15.00%

ROBN

13.50%

ARROW

11.80%

FEATHR

9.90%

QUIVER

8.70%

SHERW

7.60%

TUCK

7.00%

LOXLEY

6.20%

MARIAN

5.30%

GRAD10 constituent weights at the last rebalance.

RWAX, the RWA Pairs Index

Pons v2 introduced trading pairs against tokenized stocks. RWAX holds only graduates whose locked pools are paired against those RWAs, equal-weighted, reconstituted quarterly. Its fee stream inherits equity-market rhythm rather than pure crypto flow.

YLD1, Fee Stream One

A yield-first basket. Positions are sized by trailing fee velocity, the fees a pool produced per unit of position, rather than by depth. It concentrates on the pools doing volume and therefore carries more turnover and more single-name exposure than GRAD10, inside the same 15% cap.