What is a Vault?
Vaults are smart contracts that employ a specific set of strategies for easy yield farming. They make use of automation to continually invest and reinvest deposited funds, which help to achieve high levels of compounded interest.
Each vault can either refer to a pair of tokens invested in liquidity pools within the Binance Smart Chain ecosystem or a single token invested in lending platforms. After investing their tokens, the user is supplied with tokens that represent their stake.
Anyone in the community can work together to build new strategies and submit them to governance for voting.
Simply put, vaults can:
– Use any asset as liquidity.
– Provide one asset as collateral for another.
– Manage collateral at a safe level to mitigate default.
– Put any asset to work generating a yield.
– Reinvest earned profits.
Go to the Polis Vaults.