🗳️Vault Types
Learn more about the different vault types in OpenTrade's Treasury Management & Yield Product.
Loan Vaults
Each Loan Vault is a unique smart-contract with specific parameters, including loan type, eligible collateral, vault token, liquidity asset (e.g. USDC, EURC), interest rate (fixed vs. variable), fees, user permissions, among others.
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.
| Vault Type | Loan Type | Eligible Collateral | Liquidity Asset | Interest Rate |
|---|---|---|---|---|
Fixed Term USD Vault | Fixed Term | USD, USDC, US Treasury Bills | USDC | Fixed over the tenor of the loan. |
Flexible Term USD Vault | Open-ended | USD, USDC, US Treasury Bills, Money Market Funds (Fidelity Institutional Liquidity Funds and Wilmington Trust) | USDC | Variable; updated daily |
Fixed Term EUR Vault | Fixed Term | EUR, EURC, German, French, Italian 1-Month Bonds | EURC | Fixed over tenor of the loan. |
Flexible Term EUR Vault | Open-ended | EUR, EURC, German, French, Italian 1-Month Bonds, Euro Money Market Funds (Fidelity Institutional Liquidity Funds) | EURC | Variable; updated daily |
Fixed Term USD Vaults
Fixed Term Vaults support fixed term, fixed rate loans secured by USD-denominated high quality liquid assets held in bankruptcy remote accounts.
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.
Flexible Term USD Vaults
Flexible Term USD Vaults support open-ended, variable rate loans secured by USD denominated high quality liquid assets held in bankruptcy remote accounts.
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.
Flexible Term EUR Vaults
Flexible Term EUR Vaults support open-ended, variable rate loans secured by EUR denominated high quality liquid assets held in bankruptcy remote accounts.
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.
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