Exposure Allocation

Target allocation of exposure in the collateral pool:

Section	Target Allocation
ETH Delta-Neutral Cluster	95%
Superstate USCC	5%

Target allocation of exposure to venues within ETH Delta-Neutral Cluster:

Venue	Target Allocation
Binance	50%
Hyperliquid	30%
Deribit	20%
OKX	0%
Bybit	0%

Target allocations for OKX and Bybit will be adjusted once integrations with these exchanges go live.