Epoch card
Executive summary
- Vault headline assets rose about $27.07 (+0.71% vs opening NAV). Share price moved +0.71% on the published epoch accounting.
- Oracle sleeve move (perps: Δ unrealised P&L; spot: notional; cash excluded): USAR +$24 vs WTIOIL −$6.
- Net flows this week: +$600.00 (deposits vs withdrawals).
- Liquidity / wallets: routine multisig → Hyperliquid buffer cadence; merged ledger shows no extra wallet hop worth calling out beyond the standard rails (see appendix).
Performance
Over 2026-04-27 → 2026-05-04, net share price printed low 0.999300 and high 1.022690. The largest drawdown from a running intra-week high landed at 1.47%. That is the clearest stress point on the path. Volatility showed up in the band: low to high spanned ~2.31% versus week-open net PPS. Open → close net PPS rose ≈ +0.68%, so the week skews modestly bullish despite any mid-week give-back. Open Performance in the app for the same net PPS basis with full zoom.
What drove the week
From week-open to week-end oracle snaps (cash sleeves excluded; perps: Δ unrealised P&L; spot: notional), sleeve-level marks moved most in favour of 
USAR +$24 and most against 
WTIOIL −$6. For every name with a listed clip this week, sleeve-level move (week open → week end, cash excluded; perps: Δ unrealised P&L; spot: notional) moved: USAR +$24, 
CRCL +$11, WTIOIL −$6, 
BTC +$5, 
SPACEX −$4, 
COPPER −$4, and 
GOLD −$3. Short exposure showed up on WTIOIL while the rest of the book stayed mostly long.
Allocation by asset class & gross exposure
The clearest sleeve moves vs week open are Cash −18.5 pp, Crypto +7.7 pp, and Equities +6.4 pp. Gross exposure (deployed notional / NAV) moved from 21.7% to 40.3% of NAV. (+10.6 pp on gross exposure vs prior week-end). Same asset-class bands as Allocations (History tab); figures are % of vault NAV.
Listed clips: Hyperliquid
| Time (UTC) | Instrument | Side | Size | Price | Fee | Realised close P&L |
|---|---|---|---|---|---|---|
| 2026-04-27 10:27:03 | HL spot / stable basket | Buy | 799.9600 | 1.0001 | USDH 0.1075 | - |
| 2026-04-27 11:19:23 | SPACEX |
Open Long | 0.1170 | 1738.3812 | USDH 0.1582 | - |
| 2026-04-27 11:21:00 | BTC |
Open Long | 0.0012 | 77759.0000 | USDC 0.0396 | - |
| 2026-04-27 11:25:54 | CRCL |
Open Long | 0.6200 | 99.4980 | USDC 0.0053 | - |
| 2026-04-27 11:28:45 | COPPER |
Open Long | 12.2000 | 6.0990 | USDC 0.0064 | - |
| 2026-04-27 11:30:13 | GOLD |
Open Long | 0.0113 | 4706.0000 | USDC 0.0459 | - |
| 2026-04-27 11:32:04 | USAR |
Open Long | 4.4900 | 22.1380 | USDC 0.0086 | - |
| 2026-04-28 05:33:00 | WTIOIL |
Open Short | 0.3900 | 98.0000 | USDC 0.0011 | - |
| 2026-05-01 15:11:37 | CRCL |
Open Long | 0.5200 | 97.8000 | USDC 0.0044 | - |
Realised P&L on closes. Nothing in the table above is a closing trade with booked profit or loss. Only opens, adds, or spot legs.
Appendix - sources & verification
Appendix - sources & verification (compact)
GET https://api.volta90.trade/transactions/VLT90/epoch/3/timeline?full=true
GET https://api.volta90.trade/oracle/VLT90/epochs
GET https://api.volta90.trade/oracle/VLT90/snapshots?sort=asc&limit=1000&from=[epoch-open]&to=[epoch-close]
POST GraphQL PeriodSummary (vault week anchor; indexer endpoint in volta ops docs)
| Check | Value |
|---|---|
| Merged activity (this export) | 740 timeline events · 171 oracle snapshots in-window |
| Boundary multisig txs (open → close) | 0x6ce2f1f0173008e5151e5bb190ba99e17e3d23e3fbb856df72a8504f1f3e1ac0 · 0x1c28e3146bb67d0c691bf739a13fec317c929dc096e51177074618e038bb1139 |
| Snapshots bookends | _id 69ef2b9535bab99af1483026 → 69f8520b04dc7c48a9c204c7 (171 docs) |
What this document is not: not the exchange's internal risk pack; statements follow chronological order on Volta's merged activity feed.