Yield-Bearing Vaults (ERC-4626)
Vaults are comprised of smart contracts that help DeFi users find the best yield on their crypto tokens through the execution of different strategies that are designed to generate a return through capital movements, auto compounding, and rebalancing. Once tokens are deposited into the Vault, yield-bearing tokens are issued to represent the deposited share of the pool.
"ERC-4626: Tokenized Vault Standard" is an Ethereum application developer interface for building token vaults and strategies. It is meant to consolidate and standardize development efforts around “ERC-20 token strategies” such as borrow & lending, farming and staking. Benefits of using this standard include:
- Improved interoperability of different protocols to ensure an easier experience implementing new yield Vaults into applications by using a single API
- Standardizing code helps mitigate poorly written smart contracts
- Access to maximum yield strategies as more and more Vaults are introduced with less developmental overhead
Midas Capital's goal is to help facilitate as many yield-bearing strategies for our users to maximize their investment. Utilizing many popular and top protocols in the space, Midas Capital aims to create easy-to-use functionality in order to achieve this.