Disclosure: Deploy Finance publishes this page and offers a competing product that appears in it.
Not financial advice. Crypto, DeFi and perpetual-futures strategies can lose money, including your whole deposit. Yields are variable, and past or backtested results do not predict future returns. Read the risk disclosure.
A managed vault lets you hand your capital to a professional without handing over your keys. You deposit into a vault, a manager or a coded strategy trades the pooled balance within limits set by a smart contract, and you hold a share of the result. Neutral Trade, Chamber, Enzyme, Drift, and Hyperliquid all run versions of this model.
Deploy Finance also hands the trading to someone else, but without the pool. Its agents trade from your own wallet under a permission you can revoke, and there is no vault share between you and your USDC. This page compares the vault platforms with each other and with that approach.
How managed vault platforms compare
| Platform | Who trades | Where your funds sit | Exit | Fees |
|---|---|---|---|---|
| Deploy Finance | A Deploy agent running a defined mandate | Your own self-custodial wallet | Revoke the agent, withdraw to your own address | No subscription or management fee; gas and trade fees |
| Neutral Trade | Vetted trading firms (curators) | A Solana vault, deployed to the strategy's venues | Withdrawal request, then a per-vault redemption period | Annual service fee plus commission above a high-water mark |
| Chamber (formerly dHEDGE) and Toros | Independent managers (Chamber) or coded strategies (Toros) | A pooled vault contract | Cooldown, 24 hours after your last deposit by default | Set per vault: management, performance, sometimes entry or exit |
| Enzyme | Managers and treasuries using its vault infrastructure | A pooled vault with configurable restrictions | Redemption request in a queue the manager processes after reporting NAV | Management, performance, entrance, and exit fees, set by the manager |
| Drift vaults | A delegate who can trade but not withdraw | A pooled vault on Solana | Redemption request plus a notice period | Performance fee, often 20–30%, plus a possible management fee |
| Hyperliquid user vaults | A vault leader | A pooled vault on Hyperliquid | 1-day lock after deposit | Leader keeps 10% of profits |
| Gauntlet and Steakhouse (curators) | Risk curators allocating lending vaults on Morpho, Kamino, and Euler | Pooled lending vaults | Up to the underlying markets' unborrowed liquidity | Curator performance fee on yield, often 5–15% |
| Opal | Opal's proprietary strategies | Per-strategy subscription | Per-strategy redemption terms | Platform fees may apply |
What vault platforms have in common
Every platform above pools your capital with other depositors and gives a manager or a coded strategy authority to trade it. Smart contracts limit that authority: managers can trade whitelisted assets and venues, but they cannot send funds to their own address. That is a real protection, and it is why these vaults call themselves non-custodial.
The pool still shapes your outcome in three ways:
- Your result is the pool's result. You share positions opened before you arrived and losses taken while you were in.
- Exits run on the vault's clock. Cooldowns, locks, redemption periods, and notice periods exist so that one depositor's exit does not force the manager to unwind at a bad price for everyone else.
- You choose the manager. Platforms with many managers give you range, and they also make you responsible for picking well.
The platforms, one by one
Neutral Trade
Neutral Trade lists strategies from trading firms that pass a six-part vetting framework. Its catalog covers lending (NT Earn), market-neutral strategies including a Hyperliquid Funding Arb vault, directional strategies, and an Autopilot vault that spreads one deposit across the catalog. Deposits happen on Solana and are batched once a day. The interface is not available in the United States.
Chamber and Toros
Chamber, which operated as dHEDGE, lets anyone launch a vault, set its whitelisted assets and integrations, and trade the pooled deposits. Depositors get a transferable ERC-20 vault token. Toros builds automated products on Chamber, including leveraged tokens and market-neutral yield vaults.
Enzyme
Enzyme supplies vault infrastructure with configurable asset and protocol restrictions. Treasuries, curators, and delegated managers use it to run pooled capital under programmable limits. On its Onyx vaults, redemptions default to a queue that the vault owner processes after reporting NAV. It is closer to a toolkit for running vaults than a strategy you deposit into.
Drift vaults
Drift vaults are manager-led vaults on Solana perpetuals. The delegate can place and cancel orders but cannot withdraw depositors' principal. Exits take a redemption request and a notice period, commonly one to seven days.
Hyperliquid user vaults
Hyperliquid user vaults let any trader raise capital on the venue. The leader keeps 10% of profits and must hold at least 5% of the vault, and deposits lock for a day. Strategies range from market-neutral to discretionary.
Gauntlet and Steakhouse, the curators
Some managers never trade. Curators such as Gauntlet and Steakhouse Financial run lending vaults on Morpho, Kamino, and Euler, deciding which markets get your stablecoins and how much risk each may carry. Most curated vaults charge a performance fee of roughly 5–15% of yield. Steakhouse curates the Morpho USDC vaults behind Coinbase's USDC lending, which offered a Prime and a High Yield tier as of June 2026. The Deploy Finance vs Lending Protocols page covers the markets underneath.
Opal
Opal offers its own strategy shelf (Meridian, Basis Prime, Basis Prime+, and Edge Vault) next to its Treasury-backed USDop. Each strategy has its own subscription, redemption, lockup, and NAV process, and Opal's terms allow KYC checks.
Where Deploy Finance differs
Deploy offers two defined agents instead of a catalog of managers, and it runs each one inside your own wallet.
- Income: Funding Rates holds roughly 75% of capital as the spot asset and uses 25% to back a 3x perpetual short of matching notional on Hyperliquid, collecting funding and rebalancing automatically.
- Superstar takes long or short positions on perpetual markets under a strategy Deploy defines and manages.
Deploy creates a self-custodial wallet when you sign in with email or Google. You fund it with USDC and approve a session key that can trade but cannot transfer or withdraw. Because nothing is pooled, your result is your position alone, and your exit is a withdrawal from your own wallet with no cooldown, redemption period, or notice period.
There is also no manager to evaluate. That removes a diligence job, and it removes choice: you cannot pick a different trader, a volatility strategy, or a Solana lending aggregator. Platforms with many managers win on range. Deploy wins on structure.
When one of them fits better
- Neutral Trade if you want vetted trading firms and strategies such as options market making or volatility arbitrage.
- Chamber or Toros if you want a transferable vault token, leveraged tokens, or an open choice of managers.
- Enzyme if you run a treasury or fund and need programmable limits on pooled capital.
- Drift vaults or Hyperliquid user vaults if you have researched a specific manager's track record.
- Gauntlet or Steakhouse vaults if you want stablecoin lending yield with a risk firm choosing the markets.
- Opal if you want strategies layered on a Treasury-backed dollar.
Learn more
- How to choose an agent
- Best crypto strategy marketplaces
- Best DeFi vaults
- Alternatives to ERC-4626 vaults
- Deploy Finance vs Neutral Trade
- Deploy Finance vs Toros and Chamber
- Deploy Finance vs Perp DEX Liquidity Vaults
Start with Deploy Finance
Create a self-custodial Deploy Finance wallet and review the live agents.