Grvt’s new High Yield Earn vault enforces a strict risk diversification rule: no single strategy can represent more than one-third of the total vault balance. By capping any individual strategy allocation at 33%, the architecture eliminates concentrated counterparty exposure across its four uncorrelated return sources. Capital is distributed between merchant payment receivables from credit card networks, short-term invoice financing, delta-neutral market-making through GLP, and institutional on-chain credit. Underperformance or a default in one isolated area cannot take down the entire vault. Deposits mint gHYLD shares targeting up to 11% APY while remaining self-custodial and immediately usable as margin for trading. Real risk management built directly into the protocol. 🛡️