Exposure Allocation

Target allocation of exposure in the collateral pool:

Section	Target Allocation
ETH and BTC Delta-Neutral Cluster	80%
Stablecoins and USD-neutral assets	20%

Target allocation of exposure to venues within ETH and BTC 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.