> For the complete documentation index, see [llms.txt](https://docs.ontorium.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ontorium.io/ontorium-stack-overview/financial-layer/aqua-vaults.md). # AQUA Vaults ## Overview AQUA Vaults are ERC-4626-based curated vaults built on AQUA Market. Users deposit a supported asset, receive Vault shares, and gain exposure to market-based yield generated through approved strategies without having to manage individual positions directly. Each Vault accepts a single designated deposit asset and operates under its own strategy allocation, liquidity parameters, risk limits, and reporting framework. *** ### Available Vaults
VaultTarget YieldWithdrawal PeriodChainDeposit Asset
AQUA USDC VaultTarget APY: TBDInstant / T+1 Queue
AQUA OXAU VaultEstimated APY: TBDInstant / T+1 Queue
{% hint style="info" %} Displayed APY figures are indicative, variable, and based on recognized Vault performance or applicable incentive programs. They do not represent fixed or guaranteed returns. Actual yield may vary depending on strategy performance, market conditions, liquidity availability, Vault utilization, fees, and changes in the value of underlying positions. {% endhint %} *** ### How It Works ``` Deposit supported asset ↓ Receive Vault shares ↓ Vault allocates assets to approved strategies ↓ Strategy performance is reflected in the Vault share price ↓ Withdraw instantly when liquidity is available or use the T+1 withdrawal queue ``` Vault shares represent a proportional claim on the Vault’s recognized assets. Base yield is reflected through changes in the Vault share price. When the Vault generates positive net returns, each share may become redeemable for more of the underlying asset. Strategy losses or negative valuation changes may cause the share price to decline. Vault shares do not rebase, and Base APY is not distributed through a separate reward token. *** ### Yield Structure Vault yield may be displayed in two separate components: #### Base APY Base APY represents the historical annualized performance generated by the Vault’s approved strategies after applicable Vault-level performance fees, unless otherwise stated. Base APY accrues through the Vault share price and may increase or decrease depending on recognized strategy performance. #### Boost APY Boost APY represents additional yield distributed through time-limited incentive programs, protocol rewards, or ecosystem campaigns. Boost APY is displayed separately from Base APY and does not form part of the Vault share price unless explicitly stated. Incentive programs may be adjusted, extended, suspended, or discontinued according to their applicable campaign terms. APY is backward-looking or indicative and should not be interpreted as a forecast of future performance. *** ### Key Design Principles * **Standards-based accounting:** Each Vault follows an ERC-4626-based tokenized vault model, with Vault shares representing a proportional claim on recognized Vault assets. * **Curated strategies:** Assets may be allocated only to approved strategies operating within configured allocation limits and risk parameters. * **Defined withdrawal paths:** Withdrawals may be completed instantly when sufficient Vault liquidity is available. Otherwise, users may submit a request through the T+1 withdrawal queue. * **NAV-based pricing:** Vault share value is determined using recognized Vault assets and outstanding Vault shares, with defined controls for fees, rounding, stale valuations, and off-chain reporting where applicable. * **Transparent reporting:** Vault portfolio information, strategy allocations, valuation updates, and material on-chain activity may be made available through the AQUA interface, blockchain records, and linked reports. * **Role-separated controls:** Strategy management, reporting, allocation, governance, and emergency actions are separated through designated roles. Selected privileged actions may be subject to configured timelock delays. * **Asset-level verification:** For the OXAU Vault, Vault-level portfolio and NAV reporting is complemented by OXAU Proof of Reserve. Proof of Reserve verifies the applicable backing of OXAU but does not independently verify the performance or liquidity of Vault strategies. *** ### Fees The default Vault fee structure is: * 0% deposit fee * 0% withdrawal fee * 0% management fee * Performance fee applied only to generated yield Displayed Base APY is shown net of the applicable performance fee unless otherwise stated. Applicable fees may vary by Vault and may be updated through the relevant governance or protocol configuration process. Users should review the current fee information shown on the relevant Vault page and AQUA interface before depositing. *** ### Risks Depositing into an AQUA Vault involves risk. Vault performance may be affected by strategy losses, liquidity constraints, smart contract vulnerabilities, stale or inaccurate valuation data, oracle failures, third-party protocol failures, custody or settlement issues, operational controls, and adverse market conditions. Withdrawals are subject to available liquidity and may not always be completed immediately. Use of a T+1 withdrawal queue does not guarantee settlement within a fixed period. {% hint style="warning" %} AQUA Vaults are not bank deposits. Principal, liquidity, yield, and withdrawal timing are not guaranteed. Users should review the relevant Vault terms, strategy information, fee structure, and risk disclosures before depositing. {% endhint %}