by Nathan, Darryl & Armando • ETHDenver 2022 • Feb-Mar 2022

About

Vaults is a DeFi/NFT-based smart contract protocol for launching customizable, yield-bearing token vaults. Once a vault’s rules and yield strategy are configured and deployed to the EVM blockchain of your choice, anyone can contribute ERC-20 tokens to mint an ERC-721 NFT representing their yield-bearing position. Use these NFTs to raise funds for charity, govern a vault’s funds as a DAO or multisig, gamble in the ultimate FOMO-inducing ponzi game, and much more!

Try it:

• Website: https://vaults-protocol.netlify.app
• IPFS: https://vaults.on.fleek.co
• Skynet: find the latest sia:// link here under “Deploy to Skynet”

Learn more:

• GitHub: https://github.com/VaultsProtocol/VaultsProtocol
• Pitch deck: https://www.figma.com/file/jU4SfWx6t3xxaOFzPiWE3r/Vaults-Protocol---Pitch-Deck?node-id=60%3A642
• Keep reading below! 👇

How Vaults Protocol works

Vault Types

Vaults are NFT smart contracts configured with immutable parameters and deployed to any EVM-based blockchain or network. Vaults come in many flavors and configurations!

• 🏦 Standard Vault: Contribute ERC-20 tokens to the vault to mint an NFT that earns you passive yield proportional to the total value locked in the vault. You can adjust your position, send/trade the NFT, or withdraw the original tokens by burning the NFT. (contract BaseVault is ERC721, BasicMetaTransaction – this is just the base smart contract with no extra behaviors configured.)
• 🎁 No-Loss Charity Vault: An extension of the Standard Vault. A portion of all the earned yield is set aside for a designated recipient to be claimed at any time. (contract CharityVault is BaseVault)
  • Normal token payout: The recipient is paid their accrued yield instantly whenever anyone triggers the withdrawToRecipient() method.
  • Superfluid payout: The yield is streamed to the recipient in real time in the form of Superfluid super tokens. The recipient can redeem the ERC-20 tokens by unwrapping the super tokens.
• 🗳 DAO Vault: An extension of the Standard Vault. The vault parameters can be changed upon the approval of multiple designated signers (like Gnosis Safe) or by a delegated token-weighted vote amongst the vault’s position holders. (contract DaoVault is BaseVault)
  • Multi-Signature: Multiple signatures from a pre-approved list of addresses are required to manage DAO funds and approve changes to the vault parameters.
  • Community Voting: Stakeholders cast or delegate votes weighted proportionally to their vault contribution to manage DAO funds and approve or deny changes to the vault parameters.
• 🐸 Degen Game: The ultimate ponzi war! When someone makes a contribution, a Dividend is distributed to all past contributors, and a timer is reset to a predefined time interval. When the timer runs out, the vault stops accepting contributions, and the last person to contribute wins the Jackpot allocation instantly. (contract DegenVault is BaseVault)