> For the complete documentation index, see [llms.txt](https://surf-2.gitbook.io/surfliquid-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://surf-2.gitbook.io/surfliquid-docs/offerings-and-use-cases/hedge-funds-and-treasuries.md).

# Hedge Funds and Treasuries

Surf is designed to operate as an institutional-grade on-chain yield and execution layer, suitable for hedge funds, family offices, DAOs, and corporate treasuries seeking automated returns with strict risk and control requirements.

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### Automated Yield Mandates

Surf allows funds and treasuries to define yield mandates such as:

* Target return ranges
* Approved asset classes and chains
* Strategy types (lending, liquidity, structured yield, future RWA)
* Liquidity and withdrawal constraints

Once configured, Surf’s AI continuously scans allow-listed venues, simulates allocations, and proposes rebalances to optimise risk-adjusted yield, operating as an automated treasury manager rather than a discretionary trader.

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### Deterministic Risk Controls

All capital movement is enforced through the Guardian Layer, providing:

* Hard exposure and concentration limits
* Protocol and counterparty allow-lists
* Slippage, liquidity, and utilisation bounds
* Volatility and stress thresholds
* Circuit breakers and emergency unwind paths

This ensures that automation never exceeds pre-approved risk envelopes and that every action is verifiable, reproducible, and policy-compliant.

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### Reporting and Auditability

Surf’s architecture is built for institutional transparency:

* Vault-level isolation for each mandate or client
* Full on-chain accounting of positions, PnL, and fees
* Deterministic execution logs for every rebalance
* Clear separation of planning, approval, and execution
* Integration-ready data feeds for NAV, risk, and compliance reporting

This enables hedge funds and treasuries to operate automated on-chain strategies with:

* Non-custodial control
* Institutional-grade governance
* Auditable performance and risk trails
* Compliance-ready operational structure

In practice, Surf functions as a programmable, AI-driven on-chain treasury and yield management system, combining automation with the control standards expected in traditional asset management.