Aquifer
ARCHITECTURE

COMPOSABLE SETTLEMENT FABRIC

Six modular structures share a unified pricing surface. Each operates independently — yield generation, collateral settlement, hedging, and insurance — while coordinating risk across a single on-chain fabric.

SYSTEM STATE

TOTAL VALUE LOCKED

$1.2B+

Across structured strategies, reserve layers, and issuance rails.

ACTIVE STRUCTURES

06

Independent modules connected by shared settlement.

SETTLEMENT INTEGRITY

99.7%

Verified on-chain clearing rate across all structures.

Data based on simulated testnet / historical backtesting.

STRUCTURE MODULES

SIX ENGINES, ONE RISK SURFACE

Each structure is an independent settlement module. Composition happens at the pricing layer — structures can reference each other's collateral, share liquidity, and coordinate hedging without tight coupling.

TWIN YIELD

Deploys covered call and put strategies against deposited collateral. Option parameters are set by the Derivatives Engine within Guardian-defined risk bands. Premiums compound automatically unless withdrawn.

ANCHOR BUY

Users define a target entry price. The structure sells cash-secured puts at that strike, collecting premium while waiting. If exercised, the user acquires the asset at their chosen price minus collected premium.

BEDROCK VAULT

A multi-strategy vault that allocates across option selling, funding rate arbitrage, and basis trades. Strategy rotation is autonomous within Guardian-defined allocation limits. Drawdown circuit breakers are enforced at the vault level.

BEDROCK SETTLEMENT

The clearing layer of the protocol. Handles cross-structure collateral accounting, reserve attestation, and issuance settlement. All clearing events are verifiable on-chain with full audit trails.

CURRENT HEDGING

Executes delta-neutral and directional hedges across centralized and decentralized venues. Hedge ratios adapt to volatility conditions within risk envelopes set by Guardian governance.

ALP / AQUIFER LIQUIDITY POOL

The protocol's reserve of last resort. ALP absorbs losses when individual structures breach their risk parameters, providing systemic insurance. Depositors earn a share of protocol fees in exchange for tail risk absorption.

COMPOSITION

HOW STRUCTURES CONNECT

Structures are not siloed. The pricing fabric allows cross-module settlement — Twin Yield premiums can collateralize Anchor Buy positions, Bedrock Vault can hedge via Current Hedging, and ALP backstops all structures simultaneously.

SHARED COLLATERAL LAYER

Structures reference a common collateral registry. Assets deposited into one structure can serve as margin for another.

CROSS-MODULE SETTLEMENT

Bedrock Settlement clears obligations between structures without requiring external liquidity.

UNIFIED RISK SURFACE

Guardian governance sets risk parameters holistically, not per-structure. Correlation risk is managed at the protocol level.

UNDERSTAND THE GOVERNANCE LAYER