Hedera testnet · test tokens, no real funds
生き甲斐 · on testnet

Ikigai Vault, liveTestnet

This is the vault running on Hedera testnet, the network where everything works as on mainnet but nothing has real value. Below you see it as it is right now, read straight from the contract, and how it works. Looking needs no wallet. Connecting one only tells this page your account id; nothing here sends a transaction yet.

The vault right now

Read from the contract, every 30 seconds

Every figure is a public view call to the vault contract, version 3.0.1. Anyone can read the same numbers on HashScan.

Status
…
 
Net asset value
in test dollars
Share price
…
per share, in test dollars
Total shares
…
 

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What the vault is doing

The tide decides what the vault holds. It is read from the real HBAR market with the bot's own rules: daily closes against the waterline, the 75-day average, and a band around it. A change only counts after three daily closes in a row.

Tide
…
 
HBAR, real market
…
 
Waterline
…
75-day average
Band
…
 
Core position
…
 
Shelves
none yet
the vault runs the tide only
The tide on the real HBAR market
HBAR pricewaterlinebandfloodslack waterebbtide change

 

The vault's core position · testnet prices

In slack water the vault holds one wide range around the price. While the price stays inside, the position holds both HBAR and USDC and earns pool fees; when the price leaves it, the bot closes it and opens a new one around the price. The testnet pool price is a test price and does not follow the real market.

DayTide changeHBARThe vault's ruleWhat vault C actually did (on chain)
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Vault C on chain

Every position the vault opened or closed and every swap it made, read from the vault's own events on the Hedera mirror node. Each row links to the transaction on HashScan.

When (UTC)What vault C didCheck
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Tide: Binance daily closes (HBARUSDT), replayed day by day with the bot's own rules. Ask Ren about any of it.

Pool fees: what came in, what went out

Read from the vault's own events, the pool and the bot's transactions.

Pool fees collected into the vault…
Pool fees still building up in the open positions…
Gas for the bot's transactions…
Fee to open a position, paid by the vault…
What the strategy nets in fees…
Also received, not in the line above: pool rewards (LARI)…

Our own fee is not in here: it is 15% of a depositor's gain at withdrawal, a cost to you, not income of the strategy. On testnet the pool sees almost no trading, so the vault earns close to no fees while every transaction still costs gas. Testnet HBAR is priced by a test pool, far above the real price, so gas looks large in test dollars; the HBAR amounts are the real measure. On mainnet the pool trades all day.

Against simply holding HBAR

The share price against the HBAR price, both since the first deposit. Deposits and withdrawals don't move the share price, so this is the vault's own result, after all costs. When holding does better, it says so.

This vault · $1,000 in at the first deposit, worth today
Holding HBAR…
The vault…
 
Backtest · $2,000 in, mid-2020 to September 2026
Holding HBAR≈ $5,000
The vault$30,000–38,000
Almost all of the gap was made in 2022 and 2025, the two big falls. In the rising years, holding did better.
What moves the gap, besides the tide
What the strategy nets in fees (above)…
Pool fee on the vault's own swaps…
Impermanent loss, open positions…
Impermanent loss, closed positions…

Impermanent loss: what a position holds now against what went in, both at today's price, fees left out. The rest of the gap is the tide itself: how much the vault held in HBAR and how much in dollars while the price moved. Price impact of swaps is not split out; it is in the share price.

DayHBARHoldingVaultDifference
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Change since the first deposit, one row per day (the last reading of the day). Daily rows start when the vault-snapshot writer started. In test dollars, on a testnet pool.

What the vault holds

The parts that make up the net asset value, and two that don't yet: pool rewards still dripping in (LARI) and reward tokens not yet sold (SAUCE). Those two are read directly from the vault.

PartAmountValueIn NAV
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Open positions

Each row is one liquidity position in the SaucerSwap HBAR/USDC pool, held by the vault as an NFT.

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Vault 0.0.10974199 · VaultLens 0.0.10879590 · —. Testnet prices come from a testnet pool and are not market prices.

Take part on testnet

Connect your wallet

Connect HashPack on Hedera testnet. Later you will see your own share here, deposit test HBAR or USDC, and withdraw when you want. Looking needs no wallet: everything on this page is public.

HashPack, testnet
How the vault works

Four things to know, in plain terms

一

Your money stays yours

You deposit from your own wallet into the vault contract. Not into an account with us: we never hold your funds, and no one at Ikigai can move them to themselves.

The contract is immutable. There is no upgrade switch and no admin key that can change its code. What runs today is what runs for as long as the vault exists.

The bot that manages the vault can only do what the contract allows: rebalance, swap and place positions, within limits written into the contract, such as a daily cap on swaps. It cannot withdraw your deposit.

And there is always a way out. Normally you withdraw through a queue the bot works through. If the bot goes quiet for 48 hours, or a withdrawal waits longer than 72 hours, or the vault is paused, an emergency exit opens: you take out your share directly, without a fee. Nobody can lock you in. That is the design.

二

The strategy: Ebb & Flood

The vault draws a waterline: the average HBAR price over the past 75 days. Well above the line is flood, well below it is ebb, close to it is slack water. How far "well" is depends on how rough the market is, and a change only counts once it has held for three days. The vault is never first, and rarely fooled.

Flood

Ride the rise

Everything in HBAR, and sit still. No profit-taking on the way up.

HBAR 100%
Slack water

Hold the middle

Half HBAR, half dollars, and otherwise nothing.

HBAR 50% · USDC 50%
Ebb

Wait it out

Everything in dollars, with buy orders waiting far below the price.

USDC 100%

The bot follows these rules; it doesn't predict, and it doesn't read the news. Every move it makes happens inside the limits of the contract, and every move is visible on-chain.

三

One fee, and only on gain

There is no entry fee, no exit fee, no yearly charge and no lock-up. There is one fee, fixed in the contract.

15%
Of your gain, when you withdraw
0
If there is no gain
Always
Withdraw when you want

Your gain is what you withdraw above what you put in, measured in US dollars. No gain, no fee. We earn when you leave with more than you came with, and not otherwise.

Because the measure is the dollar, not HBAR, the two can point in different directions. You can have a gain in dollars and still get back fewer HBAR than you deposited, for example when the vault holds dollars through an ebb while HBAR falls and then climbs back. The fee is taken in whatever you withdraw.

四

This is testnet

Everything on this page runs on Hedera testnet. The HBAR and USDC here are test tokens with no value, and the HBAR price you see comes from a testnet pool, not from the market. Mainnet will get its own address, later, after the testing here is done.

We run the vault here first so the contract, the bot and this page can be watched working, in public, before real money is involved.

How the strategy would have behaved

The backtest, on past prices

The same rules replayed on daily HBAR prices from mid-2020 to September 2026. $2,000 in HBAR became about $5,000 by holding; in the strategy it became $30,000 to $38,000, depending on how much sat in the pool. Nearly all of that difference comes from two years, 2022 and 2025, when holding fell hard and the vault mostly held dollars.

YearHoldingVaultDifference
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Backtest on Binance HBAR/USDT daily closes, $2,000 start, no deposits, including swap fees, slippage and gas. Vault variant: 80% following the tides, 20% on the shelves. Difference in percentage points.

What a backtest is, and isn't