XVAULT DOCUMENTATION
Tokenized equity vaults on Solana, documented for operators and integrators.
xVault combines Token-2022 xStocks, keeper-driven rebalancing, oracle-backed NAV, and VLT reward distribution.
AT A GLANCE
v1 routes market-hours rebalances through Backed xChange and falls back to Jupiter off-hours or on atomic halts. NAV always uses raw amount × multiplier × price.
Deployment status
Current source-level program IDs are documented, but the production deployment set is not yet deployed until further notice.
OPERATING MODEL
One vault share abstracts a basket of xStocks, but the mechanics stay inspectable: deposits enter via USDC, the keeper enforces rule-based rebalances, and exits can settle in-kind or route back to USDC with slippage controls.
RAW MATH
Transfers stay raw. NAV uses raw amount × multiplier × price.
ROUTING
Market-hours assets route through xChange first, with guarded fallbacks.
REWARDS
VLT utility sits on top of the vault layer instead of replacing it.
Protocol overview
Product scope, vault model, user flows, and why Scaled UI math is non-negotiable.
Keeper and oracle ops
Job cadence, xChange quote lifecycle, NAV freshness, and fallback rules.
Security invariants
State guards, pause conditions, operational controls, and the compliance boundary.