aFXArbUSDTRY · USDC · Ethereum · live since May 20, 2026
Curated by
This vault provides tokenized access to Tokenized Market-Making Fund (FXArbUSDTRY), a delta-neutral market-making fund in the Turkish crypto market. The strategy captures spreads between USD/TRY rates on Turkish crypto exchanges (Binance TR, OKX TR) and fiat banking rails, executing T+0 arbitrage on intra-day price discrepancies and T+1 carry on overnight FX forwards with institutional Turkish commercial banks. TRY positions are continuously hedged, so returns come from spread capture rather than directional exposure. The strategy has been running since October 2023 with net returns of 72.1% in 2024, 17.5% in 2025, and 15.0% YTD 2026 (net of underlying fund fees). Trading operates 24/7. Redemptions are processed at least once per business day. Business days follow the Turkish calendar — exceptions may apply on public holidays.
Yield over time
Growth of one share, in USDC — share price only, before campaign rewards.
APY over time
The published net rate, as the indexer recorded it.
No APY history available
Accountable publishes the current rate only, not a series. The curve above shows what the vault actually earned.