Protocol overview

xVault packages baskets of tokenized equities into Solana vaults with a predictable operating model: deposit into a curated basket, mint vault shares, let the keeper manage drift, and distribute protocol rewards to VLT stakers in real xStock kind.

Scope

• Chain: Solana
• Asset standard: Token-2022
• Underlying assets: xStocks with Scaled UI multipliers
• Rebalance routes: Backed xChange first, Jupiter fallback when xChange is unavailable or out of hours
• Rewards: VLT staking with xStock-kind distribution

Primary user flows

Deposit

Users deposit into a vault and receive proportional share tokens. Deposit math depends on fresh oracle-backed NAV and must respect raw-onchain accounting.

Withdraw

Users can either withdraw a pro-rata in-kind basket or exit through a USDC route bounded by user-controlled slippage.

Rebalance

The keeper computes weight drift, fetches multipliers and prices, requests xChange quotes during market hours, and falls back to Jupiter or skip logic when required.

Stake and claim

VLT holders stake into the rewards system and claim epochal xStock distributions funded from protocol economics.

Non-negotiable math rule

All xStock balances on Solana use Token-2022 Scaled UI. That means:

display_balance = raw_onchain_balance × current_multiplier

Programs and transfer instructions must store and move raw amounts. NAV is the place where raw values are scaled.

Compliance boundary

xStocks are not available to US persons or residents of restricted jurisdictions. The frontend and docs must not present US-targeted marketing or onboarding copy.