jayesh
@0xjayeshyadav
Smart contract engineer, contributor @centrifuge
Vaults, tranching, structured products, curated lending
714 Following 1.8K Followers
I've been deep in @centrifuge's new vault stack for a while now, and I'm more of a fan every day. It's the closest thing to a complete vault I've read. It has very modular architecture, I think every RWA protocol would want to build on it.
It runs one pool balance sheet with N share classes as claims on it, async requests with pluggable settlement policies, and a NAV with a double-entry ledger.
It'll be a real game changer in the space once it is launched.
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Once Centrifuge's new vault stack is public, I'll drop a banger on Centrifuge's stack vs Veda Lab's BoringVault, compared on every parameter of the Complete Vault.
Complete Vault's parameters:
Drafting it now. Stay tuned.
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I've had the chance to start working with the @centrifuge team on the next iteration of their vault design, rebuilding my CPPI vault on top of it to help pressure-test the approach. Grateful to @offerijns for the opportunity.
Without getting ahead of what's theirs to announce, the thing worth saying is that the direction lines up closely with where I argued vaults were heading in this piece: modular behavior around an immutable core, async liquidity, and cross-chain accounting treated as native.
Vaults are genuinely moving in the right direction.
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