Arb Capital Meta-Vaults — Ajna-Focused Allocation Layer

Grant Proposals
1

Arb Capital Meta-Vaults — Ajna-Focused Allocation Layer

Request

Receiving Address: (0xe5355cD86E0E80769D1e29323EAd9183e10b87e4)
AJNA Amount: (3,000,000)

Applicant and Team Information

Applicant Name & Contact: Arb Capital
Email: arbcap@protonmail.com

About the team:
We’ve been collaborating with Prototech Labs and the MOM team during the Ajna ERC-4626 development effort. We are currently running live testing on prototype deployments, and will redeploy fresh vaults for public launch.

Project Information

1) What is it?

Arb Capital will deploy USDC and USDT meta-vaults based on the Euler Earn contracts that route depositor funds across a curated set of Ajna ERC-4626 vaults. We will launch on Ethereum mainnet first targeting blue chip collateral types, then expand to USDC on Base once mainnet is stable.

Future developments will include an additional “Frontier” metavault that focuses on more exotic collateral types based on demand and yield.

2) What problem is being solved, and how?

Ajna ERC-4626 vaults reduce frontend integration friction, but liquidity is still fragmented across many pools and requires active allocation decisions.

Arb Capital solves this by providing:

  • One deposit endpoint per quote token (USDC, USDT)

  • Allocator logic that rebalances across underlying venues (Ajna / Aave / Morpho) based on utilization and net yield

  • A growth pathway for Ajna: capital can start elsewhere, but is designed to migrate toward Ajna as Ajna pools deepen and utilization rises

3) How does this grow Ajna?

  1. Mainnet launch of USDC/USDT meta-vaults creates a simple entry point for lenders.

  2. Meta-vault routes capital into Ajna ERC-4626 vaults for a curated set of pools.

  3. Where Ajna pools are still early / underutilized, meta-vault can park liquidity in Aave/Morpho for yield while monitoring Ajna utilization.

  4. As Ajna pools reach target utilization thresholds, Arb Capital shifts incremental allocation toward Ajna, increasing Ajna TVL and supporting deeper borrower liquidity.

  5. Base expansion replicates this model once proven on mainnet.

4) Objectives

  • Deploy USDC and USDT Arb Capital meta-vaults on Ethereum mainnet

  • Use live-tested learnings to redeploy clean launch contracts

  • Provide a friendly user interface for browser-based deposit/withdrawal.

  • Implement allocator policy that can deploy into Aave/Morpho and increase Ajna allocation as utilization rises

  • Deploy to Base after mainnet stabilization

5) Deliverables

  • Deployments:

    • Ethereum mainnet launch deployments (fresh contracts)

    • Base deployments (post-mainnet hardening)

  • Documentation:

    • User Interface

    • Ops notes (monitoring, keeper/orchestration if applicable)

Use of Grant

The requested 3,000,000 AJNA will be used primarily to align the Arb Capital team with Ajna’s long-term success by holding the majority of the grant on the project balance sheet.

We may deploy up to 500,000 AJNA from the grant over the next year as Merkl incentives to bootstrap and sustain deposits into the Arb Capital meta-vaults (USDC/USDT). Incentives will be targeted to drive sticky TVL and utilization in the underlying Ajna ERC-4626 pools, with emissions sized and scheduled based on observed demand and utilization.

1 Like
2

Sounds interesting, I wonder if the yield will be competitive enough to actually create inflow to the Ajna protocol.

Where do users access these vaults? Or do seperate deals need to be made with front end providers to integrate them first?