Vaults
Six vaults take deposits in test USDC and are designed to earn yield from DeFi strategies. This page covers what each vault targets, how deposits work and what they cost.
Testnet. The vaults hold about 54.7M tUSDC across the six vaults (measured 2026-11-09), seeded by the protocol wallet. These are not depositor funds. No capital has been deployed to strategies yet. See Testnet Status.
What you need to know
- Each vault is its own EIP-2535 diamond on Base Sepolia, denominated in tUSDC. Get tUSDC from the Faucet.
- Each vault has two buckets: a principal protected Floor and a Trading bucket run by the ATE.
- All vaults implement ERC-7540, an extension of ERC-4626 with asynchronous deposits and redemptions.
- Vaults need no active management from depositors. The ATE is designed to monitor performance and rebalance approved strategies. It has not deployed capital yet.
The six vaults
| Vault | Risk | Floor / ATE split | Target APY | Strategy focus |
|---|---|---|---|---|
| Conservative (nCONS) | Low | 90 / 10 | 5–8% | Stablecoin yield, liquid staking, lending |
| Hedged (nHEDG) | Low | 85 / 15 | 6–10% | Delta neutral, market neutral strategies |
| Moderate (nMOD) | Medium | 80 / 20 | 6–12% | Restaking, yield aggregators, diversified DeFi |
| Inverse (nINV) | High | 70 / 30 | 7–13% | Inverse correlation for bear markets |
| Aggressive (nAGGR) | High | 60 / 40 | 8–15% | Leveraged positions, derivatives, prediction markets |
| Configurable (nCFG) | Medium | 80 / 20 | Custom | Custom risk parameters |
These are targets, not guaranteed. No capital has been deployed to strategies and no yield has been earned on testnet. The ATE allocation has shown no distinguishable alpha to date.
Strategy focus lists the external protocol opportunities each vault is designed to draw on. Rates on those protocols are external protocol potential, not Noderr vault yield. Any higher combined figure includes node revenue share rewards, which are not funded on testnet. It is never a vault only number.
Deposit and redeem
ERC-4626 vaults settle in one step. ERC-7540 vaults use two:
Deposit: requestDeposit() → [fulfillment] → claimDeposit()
Redeem: requestRedeem() → [fulfillment] → claimRedeem()
The async design allows cross chain strategy execution, real world asset integration, risk management and institutional compliance requirements. Fulfillment has no fixed onchain delay.
Three contracts hide the second step:
- VaultRouter: a single transaction deposit with auto claim.
- AutoClaimKeeper: validators execute claims automatically.
- InstantLiquidityPool: skip the wait and receive vault shares immediately, for a premium.
| Option | Wait | Fee | Best for |
|---|---|---|---|
| Manual claim | Async, no fixed delay | 0% | Lowest cost |
| Auto claim | Async, no fixed delay | 0.1% | Hands free deposits |
| Instant | Immediate | 2–5%, based on pool utilization | Time sensitive deposits |
| Gasless | Async, no fixed delay | 2%+ | Users without ETH |
Once capital is deployed, the ATE will allocate it to approved strategies and returns will compound in vault shares. For a walkthrough, see the Deposit Guide.
Fees
Vaults charge no management fee. The protocol earns only a performance fee, and only on realized gains above the vault's soft hurdle rate and its prior high water mark (HWM). The fee is taken from the trading bucket, never from the principal protected floor.
| Vault | Management fee | Performance fee | Soft hurdle |
|---|---|---|---|
| Conservative | 0% | 10% | 4% |
| Moderate | 0% | 10% | 6% |
| Aggressive | 0% | 15% | 8% |
| Hedged | 0% | 12% | 4% |
| Inverse | 0% | 15% | 8% |
| Configurable | 0% | 10% | 6% |
| Prediction Markets (planned) | 0% | 25% | 15% |
Performance fees go to the protocol treasury wallet. Every vault's feeCollector() returns that wallet. The auto claim and instant fees above are optional and separate from this model.
Example for the Aggressive vault. It is illustrative, and no yield has been earned on testnet:
- The vault returns 15%.
- The soft hurdle is 8%, so the excess is 15% - 8% = 7%.
- The performance fee is 7% × 15% = 1.05%.
- The net return to the user is 13.95%.
Risk controls
- Position size limits: each strategy adapter has its own cap in its configuration.
- Leverage caps: maximum leverage varies by vault.
- Drawdown thresholds: positions are reduced automatically on losses.
- Emergency pause: the 2-of-3 Safe can pause a vault. Pausing by Guardians is planned.
- Strategy validation: strategies are screened before approval. The Shadow Data Swarm is a planned validation layer and is not implemented onchain.
Addresses (Base Sepolia)
| Vault | Address | Verified |
|---|---|---|
| Conservative | 0x49f747BBac988Cd628a5D79AAdF865EBaDe6a34f | Yes |
| Moderate | 0x4B183AfF072C7DFf09bc8eB4B7f59eB3D030EEdc | Yes |
| Aggressive | 0x1444Fb96961fD9b8Fc14Aa4D9A7198465b7d8CA3 | Yes |
| Hedged | 0xDDa7655AD3c53f0F7EC5CCbc346c18baB53C5a92 | Yes |
| Inverse | 0xE2E4d181f2eAd5B380026Ab71F49FEBCb93f641c | Yes |
| Configurable | 0x53A2EfFaDE21055b8f81e1dE96dC5cfc29B75a83 | Yes |
The Prediction Markets vault is planned and not yet deployed.
Provide instant liquidity
Liquidity providers can supply the InstantLiquidityPool and earn a share of the instant premium (2–5% per transaction). LP yield depends on pool utilization. It is variable, not a guaranteed rate.
Planned
- Public vault metrics: current APY, total value locked (TVL), historical returns, strategy allocation, risk metrics and fulfillment queue status.
- For mainnet: custom vault creation for institutions, advanced risk parameter customization, multi asset vaults, cross chain vault deployment and a secondary market for pending claims.
Next
- Deposit Guide
- Vault Contracts (ERC-7540), including VaultRouter, AutoClaimKeeper and InstantLiquidityPool
- Contract Addresses
- Integrate with the contracts