The whitepaper

Where to read the reasoning behind each part of DLTX, section by section.

These docs say how things work. The DLTX whitepaper says why they are built that way, what was traded off, and what is still open. It also marks every part with the same labels these pages use: Live for what runs today, Next · not live and later for what does not.

To understandRead
Why carry, and why delta-neutral01 · Thesis and 02 · The position
Where the yield comes from, and what eats it03 · The carry model
How a position is sized, how far it sits from liquidation, and when it rebalances04 · Sizing, liquidation and rebalancing
How returns are measured05 · Measurement
How funds are held today06 · Custody today
The contracts these docs describe, and the full trust argument07 · Strategy contracts
The fee schedule11 · Deposits, exits, fees and roles
Every failure mode, with what remains after each mitigation12 · Failure modes
What is live, and what each venue supports14 · Venue coverage and document status

If these docs and the whitepaper ever disagree about how something works, the contracts' code is the authority, and the contract addresses page tells you where to read it once it is deployed.