What is 4626?
What is 4626?
4626 turns a creator coin into a vault on Base. People trade the vault's shares, and trade fees and a lottery flow back to holders.
Creator coin
The creator's ERC-20 on Base
Vault claim
ERC-4626 share of the vault
ShareOFT
What people buy and sell
4626 is a protocol for creator vaults. A creator deposits their coin into a vault, the vault issues shares, and those shares trade on Base. Every qualifying buy pays a fee that funds an instant lottery and rewards the people in the vault, including the creator.
The idea in three steps
- A creator launches a vault. They deposit exactly 100 million of their creator coin (for example, a Zora creator coin) into an ERC-4626 vault on Base.
- The vault's shares go on sale. A fair-launch auction sets a public price in ETH, then the shares trade on a Base DEX.
- Buys pay back the vault. Each qualifying buy pays a 6.9% fee. Most of it funds a lottery pot, and the rest goes to voters and a burn that raises the value of every share.
Who 4626 is for
| You are | Start with |
|---|---|
| Someone who wants to buy and hold shares | Buy and hold shares |
| A creator with a coin on Base | Launch a vault |
| A developer or integrator | Build overview |
The three tokens
A vault involves three tokens. You only need to know the last one to buy.
- Creator coin (
$TICKER): the creator's own coin. It is what goes into the vault. - Vault claim (): the vault's ERC-4626 share. It is accounting inside the protocol and is not traded on DEXs.
- ShareOFT (): the tradable share. It wraps 1000 vault claims, and it is what people buy, sell and bridge.
Coins and shares explains the conversion rates.
The first vault
The first vault is $AKITA on Base. Its ShareOFT is . All of its contract addresses are on Contract addresses.
You don't need the 4626 app to buy shares once trading is live; any Base DEX works. The app waitlist is for app access, not a token list.
Keep reading
- Vault lifecycle: the stages a vault goes through, and when trading starts.
- Fees and lottery: where the 6.9% fee goes and how winners are drawn.