Vaultka: Create a revenue vault integrating Intent and AI
introduction
From the development of DeFi Summer in 2020 to the present, DeFi has gone through bulls and bears and has proven its value, but it has also faced many challenges: For example, the economic models of most DeFi protocols cannot escape the eventual collapse of “dig, offer, and sell.” Most DeFi The protocols business model is also similar to mainstream DeFi protocols, such as benchmarking AAVE, GMX and other platforms. Based on this, Vaultka has created a revenue vault platform with Intent and AI as its technical background, which not only improves user experience, but also helps users earn more revenue.
1. No interest, various treasury products
Vaultka provides a different income strategy based on LP tokens, and achieves higher returns by going long LP tokens with leverage. Currently there are treasury products such as GMX, Vela, and HMX.
To put it simply, users can deposit USDC to the Vaultka platform, and the platform will lend a portion of the funds from the lending pool to purchase LP token (GM) based on the leverage multiple selected by the user. When the price of LP token increases, the users income will also increase. Theoretically speaking, when users use contract derivatives transactions for a long time, they will be in a state of long-term losses. The LP token of the derivatives platform will also be in a rising stage because it has more assets such as BTC, so use Vaultka to go long/purchase LP token. In the long run, it is easier to capture long-term value. As can be seen from the historical price chart of GLP below, as the market picks up, the price of GLP is getting higher and higher. Currently, Vaultka provides a 10x leverage option, and it is expected that in the bull market, users income will be considerable.
Figure 1 GLP token historical price
It is important to note that there is no need to pay any interest during the use of the platforms treasury products. When users want to settle their income, they need to pay a certain amount of profit to the lending pool provider. This is also a major difference between Vaultka and other platforms, there is no funding rate + interest.
Figure 2 GM treasury strategy products
At present, VKA has also opened VKA war. VKA has set up reward pools between various treasury and lending pools. Currency holders can vote for the pools related to their own interests (you need to lock VKA). The platform with the most votes in the end can divide the bonus pool (usually USDC/GMX + esVKA). The bonuses in the reward pool will be provided by various Perp derivative platforms, because the major Perp dex hopes to attract users to do long LP tokens on their platforms through high APY.Through Vaultkas long mechanism, the price and value of LP token on the Perp derivative platform will eventually become higher. For Vaultka users and currency holders, they can get more income and lock in the selling pressure. It can be said to be a win-win situation. situation, eventually more and more Perp platforms will cooperate with Vaultka.Secondly, the frequency of opening the voting pool is once every two weeks, and the fixed income twice a month is also very competitive.
Figure 3 Revenue from bribery pool
2. Intent-centered treasury product positioning
Intent-centric was first proposed by Paradigm: providing users with the best ways and solutions based on intent. Ideally, users only need to make a request, and the protocol will move the cumbersome processes to the behind the scenes operation. Ultimately, Present the results to the user, and the end user only needs to operate once to get the desired result. The Intent concept is also the focus of this years ETHCC conference. Based on this, Vaultka announced that it will become an Intent-centered vault product.
To put it simply, users can tell Vaultka more advanced operation requirements: for example, the user wants to automatically close the position when the profit of GM Leverage reaches 80%, and then transfer the funds to HLP Leverage to do 10 times long (assuming that HLP has fallen by 5 in the past 7 days) %); if the requirements are not met, the funds will be transferred to the lending pool with the highest interest rate to obtain high annualized returns.
Figure 4 Switching between treasury products
The advantage of this is that users do not need to perform multi-step operations and real-time tracking of the market. They only need to tell Vaultka their intentions, and the platform will automatically help users complete the operation, which is conducive to the direction of Mass Adoption. Vaultka is currently expected to complete the platform upgrade in June, and users will be able to experience smoother operations by then.
3. AI will help users maximize profits
The explosion of OpenAI has focused the attention of society and capital on the field of AI. It is no exaggeration to say that AI is the next generation industrial revolution or the ultimate way to improve productivity. This has given rise to many AI concepts, such as AI computing power, AI Agent, AI prediction, etc. Among them, AI Prediction is the most consistent with DeFi. In laymans terms, this is a type of predictive analysis that predicts the future price trend of an asset through the comparison, induction and summary of historical data.
Vaultka will use neural networks (ANN) to backtest various LP asset prices and obtain the final results by identifying non-linear correlations between different data. The general process is divided into the following two steps:
1: Use existing knowledge (left in the picture) to learn new knowledge to adapt to specific fields (right in the picture). For example, Vaultka will first let the machine learn the historical trend of the market (BTC) to determine the future price fluctuations of BTC. This will directly affect the price of LP token.
2: After learning the price trend of the market, Vaultka will let AI further complete the learning of historical losses of contract users. For example, when the price of BTC rises and falls, will contract users tend to make money or lose money? And at what time period large losses will occur.
Figure 5 Survey of transfer learning
Combining the above two points, Vaultka will provide historical backtest data and suggestions before platform users make decisions. By combining it with the Intent function, it will maximize the user experience while also increasing potential profit margins.
4. Token economic model and operating status
The platform token is $VKA. You can get esVKA rewards by using this protocol vault. The esVKA rewards for each vault are different (adjusted based on the vault’s deposits and other data). The benefits of holding VKA are as follows:
1. Emission incentives of up to 2.5 times esVKA after staking
2. Stake together with esVKA and get up to 60% of the platform fee share
3. With voting rights, the more votes a vault receives, the more rewards it will emit in esVKA and USDC.
4. Enjoy bribery income, other participants can bribe VKA holders to invest in designated treasury
Secondly, 30% of the platform handling fee will be used for secondary repurchase and destruction. There are three modes for the replacement of esVKA=VKA. The first is a 1:1 linear replacement (365 days), and the second is a 180-day linear release, but only It can be exchanged for 75% of VKA. The third type is 90-antenna linear release, which can only be exchanged for 50% of VKA.
Figure 6 Token distribution situation
As a vault product with GMX as the core, Vaultka received 100,000 ARB incentives from GMX for the incentives of the USDC Lending pool. The current return rates of each lending pool are as follows. It can be seen that in addition to the high return of 13% of the USDC stable currency (Profit sharing for contract users), the currency-based income of BTC, ETH and ARB has also reached about 10% (profit sharing for contract users). There is no product on the market with a BTC currency-based income of about 10%. Vaultka is expected to continue in the future Attract more deposits.
Figure 7 Interest rates of each deposit pool
Vaultka has also grown significantly since its launch. TVL has grown from 1M at the beginning to 23M now, and $160,000 worth of $VKA has been destroyed.
5. Partnership
Since Vaultka was launched, it has carried out in-depth cooperation with many platforms and projects. Vaultka has been launched on the OKX web3 wallet page. Users can more conveniently obtain deposit income of USDC, BTC and other cryptocurrencies. In the future, it is expected that they can participate in platform governance and management through mobile phones. Use a treasury strategy. With the popularity of the Inscription sector, OKX will also pay more attention to the DeFi sector while developing CeFi in the future, allowing users to truly experience CeFI = DeFi.
In addition, after receiving GMXs 100,000 ARB incentive, Vaultka continues to apply for ecological incentives. If it can continue to apply for incentives, USDCs income may reach an annualized rate of about 30%. At the same time, Radiant Capital has also reached a strategic partnership with Vaultka. USDC that has not been lent by Vaultka can be placed on Radiant as a deposit to earn interest. When Vaultka users or vaults need USDC, they can be withdrawn from Radiant to maximize Utilize funds.
Summarize
Vaultkas revenue mechanism + good economic model closed loop allows the platform to gain a firm foothold in the DeFi field. The traceable high deposit interest will allow the platform to further expand the market in the future bull market. At the same time, Vaultka is also the first to make technology in similar products. With the modification of the reform/development path, we look forward to what kind of value-for-money product experience the Intent + AI facility will bring to users after it is implemented.
