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Principal Guarantee ActiveLearn more →Frequently asked · What is Defund

Buy below market. Sell at market.

Defund is an over-the-counter (OTC) arbitrage desk trading HYPE, the Hyperliquid token. We buy HYPE directly from large holders — primarily counterparties in Asia — at a discount to the market price, and sell it on the open market at the market rate. The gap between what we pay and what we sell for is our profit.

Sometimes, when we expect the price to rise, we hold the HYPE we’ve bought instead of selling it straight away. Whenever we hold, we place a stop-loss at the rate we bought in, so the position is protected on the downside rather than left exposed to the market.

You deposit USDT. We do the trading. You earn a share of the profit — and right now, your principal is guaranteed.

01

Is my principal guaranteed?

Active
Principal Guarantee · Active

Yes. Your principal is guaranteed, and that guarantee is active right now.

The guarantee means the money you deposit is protected — you will not lose your deposited principal while the guarantee is in effect.

a
It covers your principal, not your profit. Only the money you actually deposit is guaranteed. Profit you earn is never guaranteed — and it does not become guaranteed principal even if you reinvest it. Reinvested profit earns like principal, but it is never added to the guaranteed amount. (See “How does profit reinvestment work?” below.)
b
Anything already guaranteed is honoured. A guarantee stands on the terms it was given, even if the program changes later.
02

What is the minimum investment?

The minimum is $10,000.

Deposits are made in USDT. There is no maximum.

$10,000minimum · USDT · no maximum
03

How do I send money to the fund?

You can fund your account in fiat or in crypto.

a
Fiat. Send a bank transfer to our account. We convert it to crypto at a 0.1% conversion fee and add it to the fund.
b
Crypto. Send USDT or USDC directly — these are the two stablecoins we work with.

Your capital starts participating once it reaches a fund wallet and is ready to deploy.

04

How much can I make?

Up to 8% per 30-day cycle on the principal you have with us at the time of each trade.

Returns are calculated as simple interest on 30-day cycles — each cycle’s return is figured on your principal, not on principal-plus-past-profit — so your profit does not compound on its own unless you choose to reinvest it (see below). If you take principal out and wire it back inside the same cycle, it rejoins that cycle rather than starting a fresh one.

$100,000principal → up to
+$8,000per 30-day cycle

“Up to 8%” is a target ceiling, not a fixed rate — your actual return depends on trading results. Your downside is what the principal guarantee protects; the up-to-8% is your upside.

05

How does profit reinvestment work? How does profit get added to principal?

Your profit is tracked separately from your principal. At any point you can either withdraw your profit or reinvest it — roll it into your principal so it starts earning too.

When you reinvest, that profit is added to your earning principal, and the next cycle’s return (up to 8%) is calculated on the larger balance. That is how your returns compound at Defund: by reinvesting profit rather than withdrawing it. Left alone, profit simply sits in your account as profit; reinvested, it becomes part of the balance the rate is applied to.

One important limit: reinvested profit earns exactly like principal, but it is not covered by the principal guarantee. The guarantee only ever applies to the money you originally deposited. Even after you reinvest profit and it becomes part of your working principal, that portion is never added to the guaranteed amount.

Worked example
Deposited principal
guaranteed$100,000.00
Profit earned, cycle 1
+$8,000.00
Reinvested → earning principal
$108,000.00
Cycle 2, up to 8%
up to $8,640.00
Guaranteed principal
unchanged$100,000.00
06

How and when am I paid out?

When you request a withdrawal, payouts are usually sent within 12 hours — and almost always within 48 hours.

You choose how you are paid: fiat to your bank, or crypto — either USDT or USDC.

If you would like to spend your crypto directly, contact the desk and we can set you up with a way to load it onto a debit card.

Open an account

Access HYPEat a better price.

Open an account with $10,000 or more, or talk to the desk first.

Open account →
Target returns are not guaranteed, and digital assets can fall in value. The Principal Guarantee covers deposited principal only. [Risk disclosure: final wording from counsel.]This page describes how the desk operates. It is not an offer, not a solicitation, and not a promise of any result. Trades can lose, and a loss is recorded against client capital in the same way a profit is.Nasu Group LLC · 44 Montgomery St, San Francisco, CA 94104
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