What it means
The standard format for vaults on Ethereum and networks like Base.
When you deposit, the vault gives you share tokens; their value grows as the vault earns, and you hand them back to withdraw.
How it works
A shared standard lets wallets and apps show any vault the same way.
Related terms
| Term | What it means |
|---|---|
| Vault | A smart contract that takes deposits and spreads them across lending markets by a set strategy. |
| ERC-20 | The standard format for tokens on Ethereum and networks like Base, so any wallet can hold and send them. |
| Token | A unit of value recorded on a blockchain, which can stand for money, a vote, a share of a pool or anything else. |
This glossary explains terms in general. It isn't investment, tax or legal advice.