The structural arguments, risk posture, and market views informing each strategy. One thesis is live today and the rest of the library is queued for publication in the Pallas app.
A live delta-neutral thesis built on basis convergence, fee discipline, and structural inefficiencies across HIP-3 builder venues and Hyperliquid perpetual markets.
Cross-venue funding dispersion is mean-reverting and harvestable through paired long and short perpetual positions while keeping the book market-neutral.
Providing liquidity on the HLP vault with a systematic carry overlay captures fee flow while tight risk bands cap directional drift.