Vaults
Learn more about the different vault types in OpenTrade's Treasury Management & Yield Product.
Loan Vaults
Each Loan Vault is a unique smart-contract based on the ERC-4626 standard that has specific parameters, including:
Loan Type
Eligible Collateral
ERC-20 Vault Token
Liquidity Asset (e.g. USDC, EURC)
Interest Rate
Exchange Rate
Cut-Off Times
Processing Times
Fees
User permissions
For a list of active loan vaults and more information, see here.
Vault Types
There are several different vault types available in the Treasury Management & Yield Product. Below is a summary of key details for each vault type.
Flexible Term Vaults
Flexible Term Vaults support open-ended, variable rate loans with a daily compounding exchange rate.
Loans are open-ended; there is no fixed maturity date
Lenders can deposit and withdraw at anytime
Loans earn a variable interest rate that is updated daily based on a benchmark rate, less fees.
Principal and interest automatically compound daily.
Example: Flexible Term USDC Vault
Dynamic Vaults
Dynamic Vaults support open-ended, variable rate loans where yield is pegged to the performance of the underlying collateral.
Loans are open-ended; there is no fixed maturity date
Lenders can deposit and withdraw at anytime
Loans earn a collateral rate that is pegged to the performance of the underlying collateral
Example: High Yield Corporate Bond Vault
Fixed Term Vaults
Fixed Term Vaults support fixed term, fixed rate loans.
Each loan has a fixed commencement date and maturity date.
Loans earn a fixed rate of interest over the loan tenor.
Lenders can deposit during the Investment Window and withdraw at anytime.
Lenders can automatically compound principal and interest and rollover loans into a new loan.
Example: Fixed Term US Treasury Bill Vaults
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