Product Thesis
Problem
Stablecoin capital on Solana is fragmented. A sophisticated operator often needs to choose between:- keeping capital liquid but under-earning
- chasing yield manually across protocols
- accepting hidden liquidity or operational risk
- fragmented yield sources
- weak treasury discipline
- poor auditability of allocation decisions
Product answer
Build a Bear Vault packages that fragmented opportunity into one treasury product. The vault aims to give users:- a single
USDCentry point - diversified sleeves with different liquidity and risk profiles
- transparent allocation logic
- better capital efficiency than idle cash
Why the multi-sleeve design matters
The value proposition only works if the portfolio has differentiated roles.Drift sleeve
Acts as a liquid buffer and operational reserve sleeve.
Kamino sleeve
Acts as the primary carry engine.
MarginFi sleeve
Acts as a constrained canary sleeve to test incremental yield without oversized exposure.
Perena sleeve
Acts as the exotic / RWA bridge sleeve for differentiated returns.
Positioning
This product can be pitched as:- a stablecoin treasury allocator
- an on-chain cash management product
- a proof-aware yield router for Solana
Why the solver matters commercially
Without the solver, this is just a manual vault with multiple adapters. With the solver, the product can claim:- systematic allocation
- policy-constrained portfolio construction
- repeatable decision logic
- measurable risk-adjusted yield