A DeFi vault is a smart-contract-based product that accepts deposits and routes them into a defined strategy.
Some vaults optimize yield across protocols. Some lend assets to borrowers. Some provide exposure to RWA yield. The shared idea is simple: users deposit into one product instead of managing each position manually.
Types of DeFi vaults
- Yield vaults: allocate deposits across strategies to generate return.
- Lending vaults: lend assets to borrowers or markets.
- RWA vaults: connect deposits to tokenized real-world asset cash flows.
- Fixed-rate vaults: define the rate and term at origination.
What makes a vault investable?
The most important questions are source of yield, risk isolation, liquidity, and maturity. A high quoted APY is not enough. Users need to know who is borrowing, what collateral backs the vault, when capital can exit, and how losses are handled.
How Single Asset Vaults differ
Single Asset Vaults are designed around isolation. One borrower. One collateral type. One fixed term. One fixed rate. That structure makes it easier to understand what a lender is exposed to.
For users who want liquid exposure instead of direct term commitment, splyceUSDC can package diversified yield exposure into a yield-bearing token.
The best DeFi vaults are not black boxes. They make the yield source, risk, collateral, and exit path legible before users deposit.
