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Short 🧵 on #EIP4626: the tokenized vaults standard that will be used by everyone & their mom
eips.ethereum.org/EIPS/eip-4626
Authored by the finest sers
@joey__santoro (@feiprotocol)
@transmissions11 (@paradigm)
@JetJadeja (@RariCapital)
@alcueca (@yield)
@fubuloubu (@ApeFramework)
1/9
eips.ethereum.org/EIPS/eip-4626
Authored by the finest sers
@joey__santoro (@feiprotocol)
@transmissions11 (@paradigm)
@JetJadeja (@RariCapital)
@alcueca (@yield)
@fubuloubu (@ApeFramework)
1/9
EIP4626 aims to standardize tokenized vaults. Wat mean?
A vault is a contract into which you deposit some token, e.g. you deposit DAI into @Compound in order to earn yield on those DAI
🧵2/9
A vault is a contract into which you deposit some token, e.g. you deposit DAI into @Compound in order to earn yield on those DAI
🧵2/9
Many of these vaults are tokenized. E.g. Coumpound mints cTokens (cDAI for your deposited DAI), @AaveAave mints aTokens, etc
What sucked is that everyone implemented their own tokenized vaults and we didn't even have a standard interface
EIP4626 fixes this
🧵3/9
What sucked is that everyone implemented their own tokenized vaults and we didn't even have a standard interface
EIP4626 fixes this
🧵3/9
