Sentora Vault (RLUSD/PYUSD) is Now Live!
1. Introduction
Sentora Vault is the first Meta Vault product in the TON Ecosystem, enabling Telegram users to access Ethereum-native stablecoin yield without leaving TON.
By abstracting away bridging, gas fees, and DeFi complexity, Sentora Vault allows users to earn rewards on RLUSD and PYUSD, utilizing USDT as the sole deposit and withdrawal asset, delivering sustainable high yield through a fully compliant and risk-managed structure.
2. Overview
• Sentora Vault is a stablecoin yield vault built on Affluent, designed specifically for Telegram Wallet users.
• It enables users to earn high-quality, institution-grade rewards denominated in RLUSD and PYUSD, both fully fiat-backed stablecoins, while depositing and withdrawing exclusively in USDT.
• All cross-chain execution, asset minting, and yield generation occur trustlessly in the background, removing technical friction and lowering the barrier to cross-chain DeFi participation.
3. Core Value
• Frictionless User Experience:
- No manual bridging, no Ethereum gas fees, and no complex DeFi interactions
- Users interact exclusively with USDT (soon) inside Telegram Wallet
- The experience is as simple as: Deposit USDT → Earn RLUSD / PYUSD rewards
• Optimized & Stable Returns:
- Rewards are generated through Ethereum-native strategies
- Yield is denominated in RLUSD and PYUSD, providing exposure to regulated, fiat-backed stablecoins
• Security & Governance First:
- Smart contracts audited by a tier-1 auditor (Trail of Bits)
- Governed by a multisig
This structure ensures shared control, operational transparency, and robust risk oversight.
4. Vault Structure & Operation
• Deposit & Withdrawal Mechanics:
- Deposits and withdrawals are supported exclusively via USDT
- Direct minting or burning of RLUSD or PYUSD by users is not permitted
- All actions are processed through queued execution to ensure security, compliance, and controlled liquidity management
• Cross-Chain Execution:
- Deposited USDT is bridged out by the Vault Manager
- USDT is used to mint: Euler RLUSD Vault Tokens, Euler/Morpho PYUSD Vault Tokens on Ethereum (minted vault tokens are then bridged back to TON)
5. Vault Specifications
• Depositable/Withdrawable Asset:
- USDT only
- Queued deposit and withdrawal required (no instant execution)
- Deposit: processed 1 to 2 times a week
- Withdraw: processed 1 time a week
• Whitelisted Assets:
- USDT
- EulerVault (RLUSD, PYUSD)
- MorphoVault (PYUSD)
• Leverage & Exposure:
- 100% exposure cap
- Non-leveraged, principal-preserving structure
• Financial Terms:
- Management Fee: 0.50% per annum
- Queued Withdrawal Fee: 0.10%
- Oracle Pricing: USDT, RLUSD, and PYUSD are hard-pegged at $1 (this protects users against temporary secondary-market depegs and oracle volatility)
6. Queued Execution Framework
• Deposit Queue:
- Users submit USDT into a deposit queue
- Deposits are batch-processed 1 to 2 times per week
- Vault tokens are minted and distributed once execution is completed
• Withdrawal Queue:
- Withdrawals are supported only via the queue
- Processed 1 time per week on a 7-day cycle, ensuring orderly liquidity management
7. Operational Flow & Responsibilities
• User Flow:
- Deposit: Submit USDT into the deposit queue and receive vault tokens after batch execution
- Withdraw: Submit a withdrawal request to the weekly queue (USDT is returned once the cycle is completed)
• Vault Manager Responsibilities
- Compliance & Risk Controls: Screens all queued deposits against Elliptic sanctions databases via Guardian before execution
- Strategy Execution: Executes USDT → RLUSD / PYUSD minting via Curve (handles direct minting and burning via Euler & Morpho)
- Administration: Claims rewards using Ethereum-linked operational accounts (manages weekly withdrawal queues and cross-chain settlement)
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