Vault (DeFi)
A smart-contract safe that automatically executes a yield strategy on behalf of depositors. The TON analogue of Yearn Finance. Live on TON in Tonstakers, bemo, and TONCO concentrated-liquidity managers.
Aliases: defi vault, vault strategy, vault smart contract
Vault is a smart contract into which the user deposits funds and receives a “share” (vault-share-token); the contract autonomously runs a strategy: staking, CL position rebalancing, farming, leveraged lending.
Vault types on TON
- Staking vault (Tonstakers, bemo, Whales Pool) — user deposits TON, the vault spreads it across validators/nominators, returns yield via a liquid-staking token (tsTON, stTON, etc.).
- CL-management vault (TONCO range-managers) — user deposits USDT/USDC, the vault holds a concentrated position around the peg and rebalances.
- Yield aggregator vault — still early on TON; isolated experiments built on STON.fi/DeDust pairs.
Risks
- Smart-contract risk: a bug in the strategy = loss of funds.
- Manager-key risk: if the vault has a manager role without a timelock, the key-holder can drain the contract.
- Strategy risk: the strategy may work in normal conditions and break in edge cases (volatility, depeg).