FAQ
KPI and UI
What is the percentage I see in the top right?
It is the estimate of the annualized returns, calculated on the basis of the performances achieved to date.
Are all the KPIs and charts visible from both Mobile and Desktop?
The chart is not available on Mobile, only on Desktop.
Strategy Operations
Will it be possible to have funds invested across multiple strategies at the same time?
Yes, and that is the concept we have of “portfolio”.
CivFund keeps the LP fees to offset the Impermanent Loss for Investors?
Not really, Impermanent Loss is fought back by the hedged position (futures).
At the moment the funds invested in CivFund are practically off chain, right?
Yes, LPs are on chain, hedging is off chain. Monitoring merges the info for users’ understanding.
Is there an example of how hedging in a strategy works?
Yes, let’s consider the Genesis strategy operating on the SHIB/ETH pool for the following scenario: SHIB suddenly decreases by more than 10% in terms of its ETH price (due to ETH rising in dollar terms, while SHIB actually declines), yet the position only incurs a fraction of a percent loss, partly thanks to the fees it earned. In a nutshell, this is the hedge: the primary goal is to protect, with earning as the secondary priority.
Deposit
Do I need USDT, 0NE and ETH to access the Fund? or just USDT and 0NE?
ETH is required for network fees only. CivFund works with USDT and 0NE.
Do we have to give "approval" every time an epoch expires or is it automated?
The initial approval is necessary, and subsequently, you’ll need approval each time you wish to make an additional deposit or make changes to your existing deposit. If you make a single deposit and leave it untouched, no further approvals are needed.
What is the xCIV that I received on my wallet?
The amount of xCIV you received are your shares of the fund, and represent your position. If you add more funds to your deposit, your shares (xCIV) will increase accordingly.
Can I add more funds over time, after the first deposit I mean?
Yes, you can deposit funds during the current epoch (pending assets), and these will be transferred automatically in the strategy when the new epoch starts.
How is it possible that my USDT are delivered, for example, into a SHIB/ETH pool?
CivFund will swap your USDT with the tokens required by the strategy – and set up the hedge for them – you don’t have to do anything manually.
Withdrawal
I just withdrew USDT from my position but I do not see them in my wallet yet. Should I do something else?
Wait for the epoch to end. The start and expire dates for each epoch are displayed on the web app UI. Once the the rebalancing process ends, the user will find the funds in the Vault available to be withdrawn.
Compounding
At the end of the epoch if we do nothing the accumulated interest will compound or this will be done in future releases?
Yes, compound is automatic, also during the epoch.
So, theoretically, if I leave my investment for 5 years in CivFund without any withdrawal, will it continue to generate profits with compound interests without ever having to approve other contracts?
Yes, exactly.
Collateral
Where or how do we deposit 0NE?
When you deposit USDT, the system will automatically calculate the amount of 0NE that will be necessary as collateral (1 transaction only).
When I withdraw from CivFund, do I get back the 0NE collateral I put there before?
The collateral will be available for withdrawal in the vault, after a lock period of 6 months from the date of the deposit, regardless of the status of the capital deposited in the strategies.
Can we leave the deposit run over epochs, because the initial strategy will stay, or do we need to change anything from epoch to epoch?
You can leave them and live carefree, the machine does the work for you. You will be able to withdraw your collateral after a lock period of 6 months.
Monitoring
How can I get updates of the Fund performance?
On the official app, fund.civfund.org, after connecting your wallet.
What does share of values mean?
When the strategy was born the value was 1. If it now shows 1.064 (for example) it means the performance to date is +6.4%.
Why do I see the higher volumes and fees at this time, but the value per share has decreased?
The pool volumes, upon which the strategy is built, remain unchanged. However, there have been fluctuations in the volumes of BTC or ETH. In a typical delta-neutral strategy, in the event of a spike, the value is reduced as it ensures the underlying value is not susceptible to impermanent loss.
Security
What are the safety measures of CivFund?
We prioritize security and continually enhance our products and processes. As part of our commitment to safeguarding your assets, we have collaborated with FYEO for a comprehensive security audit. Our deposit/withdrawal process incorporates an additional layer of protection. Initially, your funds are secured within a smart contract-driven vault. Subsequently, they are transferred to the Fund at the commencement of the next epoch via a multisig wallet This multi-faceted approach ensures that your investments are well-protected, instilling confidence in the security of your assets.