Signalite exposes sHLP as an ERC-4626-style vault product with API-level state for partner apps. Users deposit USDC and receive sHLP. The vault strategy manages pooled exposure to HLP and reports NAV through proof buckets.
Price and backing
The API reports share price from total assets divided by total supply. Total assets are not just the vault’s free USDC buffer. They include:
- Vault USDC buffer
- Strategy EVM USDC
- Core spot balances
- Core perp balances
- HLP equity
- Bridge-in-flight values
Partner apps should read /api/v1/vault instead of rebuilding this accounting in the browser.
Liquidity model
There are two exit paths:
| Exit path | When to use | User result |
|---|
| Instant redeem | The requested exit fits the free vault buffer | USDC settles immediately on HyperEVM |
| Queued redeem | The requested exit is larger than current buffer or needs a min-assets floor | Shares are escrowed, keeper unwinds strategy liquidity, then user claims |
Partner stance
Treat Signalite as a product with explicit readiness gates. A route can be supported but temporarily not actionable because the keeper, indexer, snapshot, or vault state is not fresh.
Never enable deposit writes from static token metadata alone. Use /api/v1/health.ready.deposits.
