How a Vault Works
Mint, ride, seal — and the exact math at each stage.
Your first vault needs no Identity; from your second vault on, you hold one. Choose a supported PulseChain asset, an amount and a take-profit target of +25% or more. Your entry price locks from the oracle at mint, along with the slippage floor your seal will be held to. One transaction can open up to 20 vaults.
The vault tracks the oracle price against your locked entry. Progress is measured as (live − entry) ÷ (target − entry). Meanwhile its MV-Shares can receive USDC dividends when other vaults seal and the fee router distributes.
When the price reaches your target, the keeper seals the vault — anyone may. The asset is sold for USDC, never below the vault's slippage floor. The realised gain splits 80% to you (up to 85% on the closer's ladder: $100+ vaults sealed at target, at most one step a day) and the rest to the protocol fee; 0.1% of the gain tips whoever sealed it, out of your share. The vault's MV-Shares burn, and in the launch deployment every seal at target raises the MV-Share rate, by at most 1% per seal.
The closer's ladder
Your share of a seal starts at 80%. Each vault of $100 or more that you seal at target moves it up one point for your next seals, at most once a day, to a ceiling of 85% after five. Terminations never count.
Batch plans: laddering your exits
A single target is a single bet on where the market tops. A batch plan lets you build a ladder: several vaults at different targets, each with its own size. Some take profit early at +75%; others ride for +250%, +500%, +1,000% or beyond. Above the +25% minimum, the contract's only ceiling is an overflow guard.
Underwater vaults
If price falls below your entry, the vault has lost market value; the loss is unrealised while it stays open. Its shares can still receive USDC dividends if other vaults seal, and your target is measured from your locked entry — not from the current price. The vault simply has further to travel. Terminating while underwater still costs the position penalty.
A vault seals only if the market reaches your target. If it never does, your options are to keep waiting, terminate early and pay the penalty, or sell the position on the market. Set targets you would genuinely be happy to sell at.