Vault Lifecyle

How vaults work in practice.

1. Vault Creation (Highest Weighted Action)

Creators define:

• Contribution windows

• Supply mechanics

• Governance structure

Vault creation drives protocol expansion.

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2. Contribution Window

Assets are deposited into the vault contract.

Vault tokens are minted pro-rata.

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3. Acquire Phase (Optional)

Allows market participants to acquire vault tokens based on the vault settings and price discovery based on how much ADA is swapped for the available supply of Vault Tokens. The ADA sent during this window is how liquidity pools are automatically created, based on the vault settings.

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4. Expansion Window

Governance-approved additional deposits.

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5. Governance Activation

Vault token holders vote on:

• Asset sales

• LP creation

• Distributions

• Future expansion