Core concepts
This section explains the fundamental mechanisms that power the 4626 protocol.
Contents
| Concept | Description |
|---|---|
| Vault | ERC-4626 tokenized vault mechanics |
| Auction | CCA launch mechanism for fair price discovery |
| Lottery | Jackpot system and probability direction |
Key principles
Vault: The foundation. Accepts creator coin deposits, issues shares, deploys to yield strategies. Share value increases as the vault generates returns.
Auction: Fair price discovery via CCA. All bidders pay the same clearing price. No sniping or MEV advantages.
Lottery: Engagement incentive funded by trading fees. Random prizes for buyers, with probability directed by governance voters.