Overview
A fund holds leveraged positions, and you hold its shares.
Creator walkthrough
1. Choose a name, thesis, markets and settings.
2. Seed the fund and send HYPE for its gas buffer.
3. Submit launch and finish the setup shown in Create.
What you own
You own fund shares; the fund holds the positions.
A fund can hold one market, a pair, or a basket of up to 24 distinct markets, each with shared margin or, on the all-markets factory, separate margin.
A creator sets the fund's thesis, markets, sides, weights, target leverage, reset interval, and amounts paid to holders on buy and sell at launch.
Who uses a fund
Creators launch a fund with their own starting USDC deposit and receive its initial spendable shares.
Buyers exchange USDC for shares in an existing fund.
Share value follows the fund's assets after costs rather than a fixed return.
Private alpha
The app's alpha access check is in the web, not a contract allowlist.
During the alpha, you're trusting any.fund with this fund's money.