rini

rini is an operating layer for Hyperliquid vaults that turns a manager's fee and settlement rules into standard modules. Management, performance, entry and exit fees are set by the manager, with the performance fee always sitting behind a high-water mark so it is only charged when net asset value makes a new high. Depositors see one net value curve instead of a scatter of on-chain positions.

Settlement runs off that net value: once the manager frees liquidity, shares settle at a freshly computed NAV with no fixed maximum wait, and the vault page publishes strategy updates, market context and drawdown explanations so the process stays auditable. In 2026 the vault set spans directional trading, basis and market making, with fee parameters and high-water mark rules held consistent across vaults so depositors can compare them side by side while managers handle subscriptions and redemptions for several vaults through the same contracts.