> For the complete documentation index, see [llms.txt](https://solrise-finance.gitbook.io/solrise-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://solrise-finance.gitbook.io/solrise-finance/solrise-funds/launch-product-solrise-funds.md).

# What are Solrise Funds

Solrise Finance is a platform for **Solrise Funds**.

**Solrise Funds** operate in a manner similar to **hedge funds** in traditional financial markets. Each fund represents a pool of tokenized assets that are actively managed by third-party fund managers.

Fund managers can **perform asset swaps** via AMM pools using Jupiter's DEX aggregator and **trade on-chain perpetual futures contracts** using Mango Markets' order book**.** In the future, they will be able to stake / unstake tokens, accumulate yields, and take part in many other DeFi activities such as lending and borrowing.

Fund management in Solrise will be handled via a **flexible governance template** - from direct single key management and multi-sig to shared governance via DAO. Anyone or any entity can invest in or create a fund.

### Non-Custodial

Solrise is a **fully decentralized non-custody protocol**. This means that fund managers **never gain access to assets** in their fund. Fund managers **can only perform investment actions** on certain allowed Solana programs to perform the work of managing the fund. Fund managers (or any attacker that gains manager privileges) **cannot transfer the assets out** of the fund to a third party.

### Base Assets

Solrise maintains a list of **base assets** that users can deposit to buy into a fund. A **base asset** is the assets **that users can deposit** to a fund. **Solrise currently supports USDC** (on Solana), with plans to add more base assets via protocol upgrades. Funds can use **one or more base assets**, which are initially determined by the fund manager when a fund is created. Funds can allow or block deposits in more base assets via governance action. This change does not affect the existing balances in the fund - if one base asset is removed, the balance in the fund remains, but users cannot make deposits in that asset anymore.

![](/files/gYkmnANAwAsVyKZfljcQ)

With Solrise, **anyone can become a participant of a fund**, as long as the fund is open and if they have a balance of the appropriate base assets. 

### Flexible Fee Structures

* **Performance Fees** - Investors pay a percentage of profits to Fund Managers when exiting a fund. Managers set this fee at the creation of a fund and it cannot be changed.
* **Exit fees** - Investors pay a percentage of profits to the Solrise protocol when exiting a fund. 

Managers have the ability to increase their share of a performance fee up to 98% and investors have the ability to reduce their exit fee up to 95% by staking SLRS. [This page](https://solrise-finance.gitbook.io/solrise-finance/getting-started/slrs-staking#manager-and-investor-discounts) explains all the details regarding the exit fee share, performance fee share, and SLRS staking.

### Asset Values & Portfolio Tracking

Solrise funds **determine asset value** via a **set of price feeds** from decentralized oracles (such as [Pyth](https://pyth.network/)). Additional oracles and feeds are planned and can be introduced via protocol upgrade.

Solrise tracks the performance of every fund in a transparent way. Each fund tracks its lifetime performance and performance over an elapsed period of time (day, month, year).

![](/files/BEUl97BhBfFUOtunt2Li)