âtvPTmax
on-chain yield maximizer
âtvPTmax, managed by the âTARS agent. Users deposit USDC into an ERC-4626 vault and mint âtvPTmax shares; capital flow is routed via âTARS agent via a secure multisig into Pendle PTs as per a robust apy- maturity- risk framework, to lock fixed carry across a tenor ladder.
Entry is gated by hard checks: protocol/market allowlists, pool-depth floors, TWAP/oracle-parity bounds, expiry windows, and concentration caps. NAV and TVL are on-chain. Outperformance comes from disciplined fixed-rate capture: 20% of TVL is reallocated with a lower delta-positive threshold, securing higher-APY opportunities, while the remaining 80% is allocated with a higher delta-positive threshold, securing funds with consistent fixed yield. The agent continuously scans new PTs and repricing and reallocates when expected carry minus slippage and gas clears a set threshold. Live telemetry, depth, spreads, oracle drift, pending expiries, triggers pre-emptive rolls.Redemptions burn shares for USDC, with the agent removing proportionally from PTs. All allocation, rotation, and exit flows are proposed by the âTARS and executed enforcing these policy checks.
Yield Curation Agent
Continuously scans Pendle PT markets using real-time on-chain data.
Evaluates yield opportunities across APY, liquidity depth, slippage risk, maturity profiles, and market momentum.
Execution Agent
Manages vault position lifecycles: deposits, redemptions, and strategy rolls.
Implements sophisticated slippage minimization techniques including TWAP bands, depth-aware sizing, and route selection.
Coordinates strategy transitions with minimal downtime and maximum capital efficiency under predefined policy limits.
Signal Inputs
On-Chain Signals: TVL flows, wallet behavior, PT/YT supply dynamics.
Yield Curve Analysis: Forward rate expectations, maturity premiums, roll opportunities.
Risk Indicators: Implied volatility, correlation shifts, tail risk metrics.
Sentiment Analysis: Social signals, governance activity, protocol health scores.
This multi-dimensional analysis enables âTARS to anticipate market moves and position vaults ahead of the curve.
Backtesting:
Backtesting for the âtvPTmax vault was conducted on the Ethereum mainnet using historical USDC stablecoin data between June 2025 and September 2025. The objective was to evaluate âTARS’s allocation efficiency and yield consistency across varying liquidity scales. The simulation tested multiple TVL scenarios, from $1M to $100M, under real market depth and price impact conditions. All returns shown are net of protocol fees and slippage-adjusted to reflect deployable capital efficiency in live market conditions.
TVL ($)
Absolute returns
(4 months)
APY (annualized)
Total PT allocated
Total Rebalances
1M
6.77%
22.50%
5
14
3M
3.93%
12.50%
5
13
5M
3.85%
12%
8
13
10M
3.13%
9.70%
15
14
20M
2.83%
8.73%
17
16
100M
2.79%
8.63%
17
16
Yield and Protocol comparison:
To benchmark âTARS’s performance, returns were compared against leading DeFi yield protocols and curators offering USDC-based strategies. The results highlight âTARS’s ability to consistently deliver superior net yields through automated allocation, risk segmentation, and periodic optimization. As shown below, âTARS achieves a base USDC APY of over 12%, outperforming or matching top-tier stablecoin markets such as Pendle PT, and offering substantial uplift relative to lending and vault-based strategies on protocols like Morpho, AAVE, Compound and other curators.
Protocols
Base USDC Returns (APY)
% Extra with âTars
âTars
12%
0%
Pendle PT
11.80%
2%
MEV capital Morpho
7.50%
60%
Gauntlet USDC Morpho
7%
71%
Steakhouse Infinifi USDC Morpho
6%
100%
Spark fi
4.50%
167%
Fluid
4.04%
197%
Lending on AAVE
3.37%
256%
Lending on Compound
3.26%
268%
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