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House vault

BE THE HOUSE.

Traders call the moment. The vault takes the other side. LPs earn from fees and liquidations, and they carry real losses when traders are right.

HOW THE VAULT WORKS.

  1. 01

    Deposit USDC

    LPs deposit into a single vault that backs leveraged positions across every market.

  2. 02

    Take the other side

    When traders open leveraged positions, the vault is the counterparty for the leveraged part. Fees and liquidations flow in; winning trades are paid out.

  3. 03

    Caps on every market

    Each market has an open-interest cap and a per-side skew limit, so no single call can drain the vault.

  4. 04

    Withdraw with notice

    Withdrawals queue for a short cooldown so LPs can’t front-run a market they can see settling.

Vault risk

Being the house is not a yield product. When traders win, the vault pays. A run of correct calls can cut the value of your deposit, and smart-contract risk applies. We will not publish projected returns.

VAULT QUESTIONS.

When does the vault open?
Alongside mainnet. People on the LP list get first access and the full docs ahead of launch.
What can I deposit?
USDC on Solana at launch.
What does the vault earn?
A share of trading fees, financing and liquidations. It also pays out winning trades, so results can be negative.
Is the vault audited?
The vault contracts are in scope for both independent audits. Reports will be public before deposits open.