$VLT tokenomics

Supply, utility, staking tiers, and the weekly epoch reward mechanic — paid in real xStocks.

$VLT is xVault's governance and utility token. It launches fair on Pump.fun (no team, VC, or insider allocation) and gives holders a claim on protocol revenue — paid in real xStocks rather than inflationary emissions.

Official $VLT mint

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Always verify before you buy. There are no other $VLT mints associated with xVault.

Launch

Property	Value
Venue	Pump.fun fair launch; auto-bonds to Raydium / Meteora at $69 k market cap
Supply	1,000,000,000 `$VLT` (Pump.fun default)
Allocation	100% to the bonding curve — no team, VC, or insider allocation
LP	Locked at bond under Pump.fun launch mechanics

Utility

Surface	Effect
Fee discount	Tier-gated holdings of `$VLT` → 25% / 50% / 100% off management + performance fees (not yet implemented)
Staking	Stake `$VLT` 30 d / 90 d / 180 d → pro-rata reward participation (no boost)
Governance	Vote on new vault SKUs, target weights, and fee parameters (48 h timelock) (not yet implemented)
Gated drops	Early access to new vault SKUs during the first 72 h of listing

Tier gates (non-staked)

Tier	`$VLT` held	Fee discount
Bronze	≥ 10,000	25%
Silver	≥ 100,000	50%
Gold	≥ 1,000,000	100%

Staking tiers (locked)

Lockup	Reward rate	Early-unstake penalty
30 d	Pro-rata	10% slash to treasury (not yet implemented)
90 d	Pro-rata	25% (not yet implemented)
180 d	Pro-rata	50% (not yet implemented)

Implementation status

Fee discounts, governance, and early-unstake penalties are specified but not yet live on-chain. Current deployments charge flat fees, have no lockup penalty, and rely on multisig for governance decisions. The rest of this page describes the fully rolled-out model.

Revenue loop

Protocol revenue comes from three sources — all denominated and settled in USDC:

Management fee: 0.2% / year on TVL, streamed per-slot.
Performance fee: 10% of positive NAV-per-share delta vs. high-water mark.
Withdrawal fee: 0.05% on USDC-route withdrawals.

A fourth revenue stream feeds from outside the protocol:

Pump.fun trading revenue — accumulated fees on the $VLT trading pair, swept weekly to the treasury.

These four streams are pooled each epoch and split:

┌────── 100% combined revenue (vault + Pump.fun) ──────┐
│                                                       │
│  50% → Vault depositor rewards (xStock kind)         │
│  50% → $VLT staker rewards (xStock kind)             │
│                                                       │
└───────────────────────────────────────────────────────┘

Why pay in xStocks instead of $VLT? Real yield. Rewards become actual equity exposure insulated from $VLT price volatility; $VLT value accrues from utility (governance, fee discounts, gated launches) rather than buyback pressure.

Epoch reward mechanics

Epoch boundary. Every Sunday 00:00 UTC.

Sweep. The keeper reads accumulated Pump.fun trading fees and converts to USDC via Jupiter if needed.

Pool. Combine Pump.fun revenue with vault revenue (management + performance + withdrawal fees).

Split. 50% goes to the depositor pool, 50% to the staker pool.

Snapshot time-weighted balances:

Vault depositors → time-weighted average share balance across the epoch.
$VLT stakers → time-weighted average staked balance (no boost multipliers).

Eligibility gates:

Minimum 7-day stake age before inclusion.
Time-weighting prevents "stake-right-before-snapshot" gaming.

Buy baskets. Purchase xStocks / vault shares with each pool via Jupiter (or xChange if market hours).

Publish. Two Merkle roots posted on-chain — one for depositor claims, one for staker claims.

Claim. Users claim with inclusion proofs from the dapp. Unclaimed rewards roll into the next epoch — never burned or forfeited.

Pump.fun sweep job

Runs weekly.
Reads Pump.fun fee-wallet balance.
Converts to USDC via Jupiter if the fees are in other assets.
Deposits into the vault treasury before the epoch distribution runs.
Logs sweep amount and signature for the audit trail.

Vesting

None. Fair-launch only. No team or investor allocations means no cliff and no unlock schedule.

Emergency levers (multisig)

Pause the weekly Pump.fun sweep or epoch distribution.
Update reward parameters via governance vote + 48 h timelock.
Cannot mint additional $VLT — supply is fixed by the Pump.fun launch.

Metrics we publish on the dapp

Circulating supply
Total $VLT staked, broken down by lockup tier
Last epoch's total revenue (vault + Pump.fun combined)
Last epoch's depositor rewards distributed (in xStocks)
Last epoch's staker rewards distributed (in xStocks)
Time-weighted staker participation (anti-gaming metric)

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