Module 4.4.3｜The Vault

The Vault in one sentence

The Vault is a liquid staking platform on Solana that allows users to earn points and staking yield through its vSOL token.

What is The Vault?

The Vault is a liquid staking platform on Solana, designed to enhance the staking experience by introducing vSOL, a liquid staking derivative. vSOL allows users to stake their SOL tokens and receive vSOL in return, which can be used in various DeFi applications without having to unstake the original SOL. This aims to improve liquidity for staked assets, enabling users to benefit from staking rewards while still being able to participate in other DeFi opportunities. The Vault also includes a points program where users can earn Vault Points (vPoint), which are SPL tokens used within The Vault's ecosystem to reward participation in staking and liquidity provision.

What is vSOL?

vSOL is a liquid staking provided by The Vault. When users stake their SOL through The Vault, they receive vSOL in return, which represents their staked SOL but in a form that can be utilized in various DeFi applications without needing to unstake the original SOL.

1. Alongside the traditional staking rewards, users also earn Vault Points through The Vault's points program. These points are earned for staking activities, adding an additional layer of reward for vSOL holders.

What can you do with The Vault on NX Finance GMS?

Leverager (Point Farmer):

• Leverage vPoints up to 10X: Users can stake their vSOL as collateral to and choose their manageable leverage multiplier. The maximum leverage multiplier is 10X, which means users can farm vPoint with 10 times efficiency.

Lender (Risk Adverser):

• Earn Stable Income and NX Points: By choosing to lend through GMS Pool, users can benefit from a conservative approach, gaining stable income through lending interest rates while also accumulating NX Points passively, which can be advantageous for those with a lower risk appetite.