Vaults

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Status

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What the first vault is planned to be

BETTER’s first vault is planned as a pooled strategy product where users stake the required $BETTER, deposit funds during a deposit window, and let the strategy trade automatically. The current launch direction is:

• one vault first
• fixed-term structure
• high-risk profile
• Polymarket-first execution
• batched withdrawals
• no partial withdrawals at launch

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Planned access flow

1. Meet the current $BETTER requirement
2. Stake the qualifying amount to enable future vault access
3. Deposit during the vault’s deposit window
4. Track performance in the BETTER app
5. Withdraw when the vault’s withdrawal window opens

If a user has already staked the qualifying amount for a future vault, that same stake still counts for Terminal access.

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Planned deposit rules

• Minimum deposit: no minimum is planned for the first vault
• Deposit timing: initial vaults are expected to use deposit windows rather than always-open deposits
• Funding asset: the product is designed around stablecoin funding routed into usable prediction-market balances

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Planned withdrawals

The first vaults are expected to use batched or queued withdrawals. At launch:

• users are expected to withdraw all at once based on their share of vault AUM
• partial withdrawals are not planned at first
• more flexible withdrawal behavior is intended later alongside future receipt tokens

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Performance fee

BETTER plans to charge a 20% performance fee on profit only, taken once at withdrawal. The intended fee basis is a wallet-level high-water mark. In plain English, that means BETTER only charges on new net profit above the highest value your vault position has already reached.

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Simple example

If you deposit $1,000**, later withdraw **$1,100, and that is above your wallet’s previous peak value, the fee applies only to the $100 profit, not to the full withdrawal amount. If you withdraw below your high-water mark, no performance fee is due.

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Staking lock

For the initial vault design, the qualifying staked $BETTER is expected to remain locked until the user fully exits the vault. No partial unlock is planned at first because partial withdrawals are not planned at first.

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Strategy controls

BETTER describes the planned vault strategy layer as using hard controls such as:

• fixed drawdown tolerance
• fractional Kelly sizing
• liquidity and exposure checks
• strategy pause behavior if a strategy is deemed non-profitable

If a strategy is paused, BETTER intends to make user funds available for withdrawal as quickly as possible under the vault’s rules.

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Planned receipt tokens

vBETTER is planned as a later layer for future vaults, not part of the first vault launch. The direction today is:

• vault-specific receipt tokens where needed
• Polygon-based accounting
• Enzyme Onyx as the accounting layer

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Audit status

BETTER plans to pursue an independent Web3 security audit for vault contracts as quickly as possible once the vault infrastructure is ready.