LP/Assets Standards Support

ERC-20 Vault Form

The ERC-20 vault form is designed to handle standard token deposits and withdrawals using the widely recognized ERC-20 token standard. This form allows the seamless integration of any ERC-20 token with the Ethring protocol, making it highly versatile and widely compatible within the DeFi ecosystem.

Core Concepts

The core idea behind the ERC-20 vault form is its simplicity in accepting any ERC-20 token for deposit or withdrawal. Users can interact with these vaults by providing their ERC-20 tokens, and the system executes transactions based on the standard token logic. These vaults provide a secure and straightforward way for users to access yield farming and other DeFi strategies while interacting with the ERC-20 token standard.

ERC-4626 Vault Form

The ERC-4626 vault form is specifically designed for yield-bearing tokens, allowing users to deposit tokens into vaults that automatically generate yield. This form implements the ERC-4626 standard for tokenized vaults and ensures compatibility with a range of DeFi protocols supporting yield aggregation.

Core Concepts

The ERC-4626 vault form builds upon the base functionality of the ERC-20 vault by introducing the concept of yield-bearing positions. Deposits are tokenized into a standardized format that allows users to easily track, manage, and redeem their yields. The ERC-4626 standard provides uniformity and interoperability across DeFi protocols, enabling better composability and more efficient yield farming strategies.

Deposits into ERC-4626 vaults are tracked via a tokenized position which represents the user’s share of the vault. These positions are redeemable 1:1 for the underlying assets and yield, offering greater transparency and simplicity in managing yield farming assets.