Asset Selection Framework
Kamui’s allocation process runs eight stages from sourcing through monitoring. Every position runs the full pipeline. Institutional underwriting is paired with named external risk providers at each gate.Underwriting layers
- Off-chain due diligence: institutional underwriting against an asset-class-specific scorecard covering team, portfolio, credit, governance, liquidity, token structure, and macro risk.
- On-chain due diligence: smart-contract architecture, token mechanics, oracle and custody pathways, upgradeability, and operational attack surfaces, complemented by external on-chain risk managers.
- Ongoing risk management: proprietary rebalancing engine running continuously; weekly and ad-hoc Risk Committee review; 24/7 off-chain and on-chain monitoring.
Screening Filters
- Regular NAV updates and, preferably, sub-30-day redemption terms.
- Maximum composition caps for assets with longer redemption windows.
- Ethereum-mainnet deployment, a credible audit history, transparent teams, and adequate TVL and track record.
- Exclusion of direct equity and commodity holdings.
Composition Rules
Each tier has hard constraints on eligible asset categories. The separation is structural, not cosmetic.
Vault construction rules require multiple assets per vault, blending liquidity with higher-yield exposure. Each vault is constructed to have assets with independent natures to reduce correlations. Per-vault concentration caps limit single-asset exposure.