Aequitas Engine, LPPrivate Fund
A stablecoin yield engine, systematically earning 10-20%+ a year.
Engineered to eliminate volatility & preserve liquidity.
Optimized for security & auditability.
Target Yield
10-20%+
Per annum, net of fees.An objective, not a guarantee.
Denomination
USD stablecoins
100% dollar positions.No bets on crypto prices.
Safeguarded Capital
Secure. Stable. Liquid.
Policy limits, daily reconciliation.Open onchain markets.
Verification
100% auditable
Every single dollar, every day.From the certified book of record.
Investment Strategy
Institutional access to the onchain credit markets.
Dollar-denominated, risk-governed & verifiable to the position.
Every position is held onchain. The daily NAV is certified from a position-level book of record. We do not ask for trust; we provide the data.
Positions are held directly in vetted onchain protocols, never on a centralized exchange. Remaining dependencies (stablecoin issuers and the fiat on-ramp) are disclosed in the PPM.
Automated drawdown triggers, strict concentration limits, and mandatory liquidity reserves. Leverage is disclosed, governed by policy, and capped at 4.0x per position.
Steady State GP, Reg D 506(c), daily certified NAV, independent fund administrator, and annual audit. Multi-signature cold-storage custody with hardware-backed signers and distributed (MPC/threshold) key generation.
Performance
What the Fund aims to return each year, net of fees.
10-20%
Target Net Return
Target Net Return
Per annum, net of fees.An objective, not a guarantee.
The target is net of fees. It is an objective, not a guarantee or a projection of actual results. Past performance is not indicative of future results. Offering available only to verified accredited investors.
Risk Framework
Policy-Governed
Drawdown and exposure limits.Full risk factors in the PPM.
Scanning Universe
Hundreds of Markets
Across multiple chains.What we scan, not what we hold.
Monitoring
Health Factors
Every levered position, onchain.Exposure by protocol and by chain.
Strategy Inception
April 2026
On proprietary capital.Live since April 24, 2026.
Past performance is not indicative of future results.
How Your Capital Is Managed
One integrated strategy, not a menu of options. Four risk tiers, each held within a strict range, and a reserve that can hold the whole book. Weights shift with the market, within hard limits and automated exits at every level.
C-Tier
Allocation
Up to 100%
Top-tier lending, the reserve.Every dollar can retreat here.
B-Tier
Allocation
50-60%
The core of the book.The deepest, audited markets.
A-Tier
Allocation
20-30%
The yield edge.Health-monitored every cycle.
S-Tier
Allocation
10-20%
The upside sleeve.Hard ceiling, automated exits.
The Engine
Built for one job: finding, sizing, and monitoring stablecoin yield within the Fund’s risk limits, and certifying the book that reports it.
Data-driven allocation engine scanning hundreds of markets to optimize capital deployment.
Multi-signature cold-storage custody, hardware-backed signers, and distributed (MPC/threshold) key generation.
Balances, prices, and onchain health factors of every deployed position, reconciled each cycle.
Capital rotates as yields shift or risks change, within the risk-tier allocation ranges.
Automated drawdown triggers, concentration limits, and chain exposure enforcement.
Daily GP-certified NAV, monthly statements, and Fund documents in the investor portal.
Multi-chain architecture across leading L1 and L2 networks: capital goes wherever the best risk-adjusted opportunities are.
Fund Terms
Summary only. The Private Placement Memorandum and Limited Partnership Agreement control in all respects.
| Fund | Aequitas Engine, LP |
|---|---|
| Production Company | Steady State Engines, Inc. Engineering, operations and administration |
| General Partner | Steady State Management, LLC Governance and capital allocation |
| Domicile | Delaware, USA |
| Target Net Return | 10-20% per annum An objective, not a guarantee |
| Minimum Investment | $1,000,000 Additional subscriptions: $100,000 minimum |
| Lockup Period | 90 days from settlement |
| Redemptions | Quarterly windows, 30-day advance notice required
|
| NAV Calculation | Daily, GP-certified from the book of record Positions verifiable onchain |
| Management Fee | Graduated on NAV, marginal per bracket 2.0% First $10M1.5% $10M-$25M1.0% $25M-$100M0.75% $100M+ |
| Performance Fee | 20% of net profits above the Benchmark Hurdle and the high-water mark
|
| Reporting | Monthly statements · Quarterly reports |
| Offering | Reg D 506(c) · verified accredited investors only |
Get Started
The data room holds the Private Placement Memorandum and the Fund’s full documentation. Access is limited to verified accredited investors (Reg D Rule 506(c)).