Mastervault

Core Vault contracts responsible for User and Defi interactions

MasterVault is a standard ERC4626 vault that acts as an access point for the depositors allocating their credit positions for a protocol across a range of defi venues. The MasterVault issues receipt notes against the LP tokens deposited, which could be traded on secondary markets depending on their credit structure.

MasterVault offers Structured credit as a service offering benefits such as predictable rates for the protocol so that LPs could rent and borrow liquidity at any venue instead of incentivising using traditional liqudity mining campaigns. It ensures easy management of liquidity across all venues on the basis of demand by incentivising arbitrageurs.

Deposits

Upon making deposits in the vault, users receive the MasterVault receipt Token (MVT). As MVT accrues more yield over time, it reflects on the redemption prices. MVTs could have ask/bid on a secondary market, tradable on the basis of their credit structures.

MasterVault Fees

MasterVault charges an annualised 15% on the total yield as a platform fee depending on the vault's TVL. The protocol does not include any additional deposit/withdrawal or performance fees.

Integrations

The MasterVault can allocate liquidity on Curve, Pendle, Silo, Ajna, Balance, Morpho, Aave, Convex and Uniswap v3with the ability to cater to any new venue where a credit issuer wants to bootstrap the liquidity pools.