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Vaults

Lock UNITCOIN as collateral to create a vault, receive crypto deposits, and earn withdrawal processing fees.

How Vaults Work​

Vaults provide decentralized custody — instead of a central entity holding deposits, individual users stake UNITCOIN to guarantee them.

  1. Add a receiving address (e.g., your ETH address) in Profile → Settings → Wallet
  2. Lock UNITCOIN into a vault — this creates and activates it
  3. Receive deposits — the system routes incoming deposits to your vault
  4. Earn fees — process withdrawals and earn 0.5% per withdrawal

Setting Up a Vault​

  1. Navigate to Wallet → Deposit → Vault Dashboard
  2. Select the cryptocurrency (e.g., ETH)
  3. Click View Vault → Add UNIT to Vault
  4. Enter your verified receiving address for that crypto
  5. Specify how much UNITCOIN to lock
  6. Confirm — your vault is now active

Tranche System​

Your locked UNITCOIN value determines which deposits you're eligible to receive:

Locked UNITCOIN ValueEligible Deposit Range
$100 – $1,000$0 – $100
$1,000 – $10,000$100 – $1,000
$10,000 – $100,000$1,000 – $10,000
$100,000+$10,000+

The system selects the least risky vault in each tranche — the one with the lowest ratio of received funds to locked UNITCOIN.

Unlocking UNITCOIN​

To get your UNITCOIN back, you must burn the equivalent underlying assets — similar to repaying a loan:

Example:

  1. You lock 1,000 UNITCOIN (worth $5,000)
  2. Someone deposits 1 ETH → directed to your vault
  3. To unlock: burn 1 ETHU (the wrapped equivalent)
  4. Your UNITCOIN is released

Key Points​

  • You can create vaults for multiple cryptocurrencies simultaneously
  • You can top up your vault at any time to increase capacity
  • Vault owners earn 0.5% of withdrawal amounts they process
  • Your vault portfolio is visible in the Vault Dashboard

→ See also: Vault Pallet