Bet on the moves nobody expects.

Deposits close when the strategy reaches its cap. Deposit currency: USDC (ERC-20).

Starts at 20% on 11/11 and rises 1% every week up to 50%. Deposit early for the lowest fee.

The HARDCORE automatically bets on low-probability market events. When it is right, returns can exceed thousands of percent in P&L. Inspired by Universa Investments, the investment fund of Mark Spitznagel and Nassim Nicholas Taleb (author of The Black Swan).

The HARDCORE automatically accumulates strangles across three expirations. By buying far OTM strikes and reducing the portfolio's total cost, it achieves maximum implied leverage. The vault works on three timeframes: 30–60D, 60–90D and 90–180D.

The HARDCORE can't lose more than you are comfortable allocating. Your funds are automatically used to build and manage a portfolio that profits from extreme market moves, up and down. Project the returns of an extreme move, assess the risks and deposit.

The HARDCORE allocates premium into Δ5–15 strikes and stays long convexity. The farther the expiration date, the lower the delta used for accumulated positions. Accumulating positions when IV Rank and IV Percentile are low helps maximize the strategy's R/R ratio.

The HARDCORE is always on, 24/7/365, so you never miss an extreme market move and can profit from it. You don't need to manage anything or intervene. You can always check all the vault's buying and selling rules, actions and withdraw realized net P&L at any point of time.

The HARDCORE rolls contracts once 21DTE is reached, protecting time value from rapid theta decay. The chosen contracts have the highest vega/$ for profiting from vol increases. RFQ is used for opening and exiting positions to provide the best rates and instant execution.

The HARDCORE works across different timeframes and helps acquire the cheapest contracts, because you never know when a large market move is coming. It covers both extreme up and down moves. The strategy provides the highest leverage possible without liquidations.

The HARDCORE holds 18 far OTM strikes across three expiration dates, so an extreme vol expansion leads to the highest possible returns. Contracts are accumulated when the term structure is in Contango and 90-days Implied Volatility Percentile is falling.

The HARDCORE is built around four fundamentals: tails, risk management, rules and automation. It bets on extremely rare events, opens and closes positions correctly, follows strict rules and executes automatically. A multi-billion-dollar fund's strategy, now available to you.

The HARDCORE buys cheap vol and sells when the vol regime changes and IV is skyrocketing. Contracts are bought and sold before expiration for maximum time value preservation. The DVOL index is used to assess current volatility and generate buy and sell signals.

The HARDCORE combines on-chain non-custodial funds management and contract settlement with an off-chain automated capital allocation system. Your net P&L stays 100% liquid and claimable at any point in time. All rules are transparent and hardcoded into smart contracts.

The HARDCORE uses the APIs of decentralized on-chain options exchanges to connect to the trading and settlement layers. A system of non-custodial Solidity smart contracts holds the funds. RFQ is used for acquiring and selling contracts while interacting with market-makers.

The HARDCORE takes 50% of net profits earned on tail events: the P&L of exercised and sold contracts. You can lower this to 20% by buying $HARD tokens worth 20% of your allocated capital, e.g. $10,000 deposit → $2,000 $HARD. Holding $HARD lets you keep most of the profits.

The HARDCORE has no management fees that can make capital bleed on a continuous basis. You only pay maker/taker fees, which are minimized by using RFQ instead of market/limit orders on exchanges. $HARD is a one-time payment for maximizing your returns.

The HARDCORE economics are built around the $HARD token, the main engine for distributing the protocol's fees. 80% of fees go to buybacks, 20% to the team. 80% of supply is available to buy on day one; 20% is the team's long-term allocation (3-year linear lock-up).

The HARDCORE starts with a fair launch of $HARD token. 80% of the total supply is allocated to the ADBC (anti-dumping bonding curve) contract, which has hardcoded rules that protect the token from dumps. Every buy or sell increases or decreases the price linearly.

The HARDCORE works on three timeframes: 30–60D, 60–90D and 90–180D. Contracts are rolled once 21DTE is reached. More contracts are acquired when the term structure is in Contango and 90-days Implied Volatility Percentile is <30. Contracts are gradually sold when DVOL reaches 70, 95 and 120 and when the premiums multiply.

Continuous premium spending.

Options lose value as they approach expiry, and the vault keeps buying new positions.

Most periods end in a loss.

In a typical period no extreme move happens, and the premium spent during that period is lost.

You can lose your allocation.

Everything you deposit is at risk. Only allocate an amount you can afford to lose entirely.