# Strategy

## Strategy Page

Use this page to research a single vault and deposit or withdraw in one place.

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### Header

* **Vault name** shows the strategy you are viewing, for example **USDC Alpha Aggressive**.
* **Vault Progress** displays current deposits vs the capacity cap.

### Projected Return panel

* **Projected Return in 30D / 60D / 90D** estimates what your balance could be over the selected period based on the current **Est. APY**. It is an estimate, not a guarantee.
* **Est. APY %** is a trailing performance figure that updates periodically. On Kvants, APY shown elsewhere on site is a 90-day annualized figure; treat both as indicative.

### Tabs

* **Performance**: default view with metrics, chart, and deposit box.
* **Position**: your personal deposits, shares, and pending withdrawals.
* **Overview**: plain-English summary of how the strategy works.
* **Statistics**: deeper metrics and historical data.
* **FAQ**: answers to common questions about this vault.

### Key metrics (Performance tab)

* **Share Price**\
  Current net asset value per share. Profits raise this number, losses reduce it.
* **Sharpe Ratio**\
  Return divided by volatility. Higher means better risk-adjusted performance.
* **Max Drawdown**\
  Largest peak-to-trough decline since launch. Lower magnitude indicates a smoother equity curve.
* **CALMAR Ratio**\
  Annualized return divided by max drawdown. Higher suggests efficient compounding relative to worst loss.
* **Assets Under Mgmt.**\
  Dollars currently deposited in this vault.

### Share Price Over Time chart

Shows historical share price. Use it to assess trend, volatility, and how quickly the vault recovered from past dips.

### Deposit box

* **Asset**: the token you deposit (for this vault, **USDC**).
* **Amount / Max**: enter an amount or use Max.
* **Select Percentage**: slider to set a fraction of your wallet balance.
* **Min deposit**: minimum accepted amount, for example **100 USDC**.
* **Est. APR**: indicative annualized rate for context at the time of deposit.
* **Protocol**: where the strategy executes, for example **Drift**.
* **Your Balance**: your available wallet balance.
* **Confirm Deposit**: submits the transaction. Deposited funds are subject to the stated **redemption period** (for example, 1 day) so the vault can unwind hedges safely.

### Withdraw box

Switch to **Withdraw** to redeem shares. After you confirm, the vault begins the cooldown. Funds become claimable once the redemption period ends.

### Quick glossary

* **APY**: annualized performance derived from recent results and shown as an estimate. On the Strategies and Portfolio pages, APY is a trailing 90-day annualized figure. Not guaranteed.
* **APR**: simple annual rate shown at deposit time for context.
* **Share Price**: per-share NAV used to mint and burn your vault shares.
* **Max Drawdown**: worst historical decline, helps you gauge downside.
* **AUM / TVL**: total capital in the vault now.