For liquidity providers
Vespers Vault
Deposit USDG. The vault carries one Stock Token (NVDA in the beta) only while cash is closed and earns the closed-market spread.
- Inventory only during Vespers, capped at 50% of NAV
- Keeper swaps must land within 50 bps of the oracle mark
- Entry and exit pause while stock is held over a stale weekend mark
- 10% performance fee on realized cycle profit. No token, no lock-up
Demo cycle · NAV 100.00 USDG · realized PnL +0.44 USDG