Running other people’s money is gated by custody, not skill. Licences, brokers, auditors and large AUM exist so the holder gives funds back. TroveFi removes custody instead of insuring around it. Deposits sit in a smart contract the manager can trade but not withdraw from. The manager only earns profit above the vault’s high-water mark. Everything else belongs to depositors, who can leave freely. The manager’s only job: be right about the market.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​