Overview

The vault is the pooled product at the center of the Zirodelta Financial Engine: it is what you deposit into to earn, and it is also how wzdUSD stays backed. It is not open to user funds yet, and it opens only after an independent security audit and a legal review.

How it works

When the vault opens, you deposit USDC and receive wzdUSD, a market-priced share of the pool. You are not opening a position of your own: the Yield Engine runs a single delta-neutral strategy for the whole pool, and the funding it captures compounds into the value of every share. To exit, you redeem your wzdUSD back at its current value.

The pool is split into two tranches:

• Senior is the wzdUSD share you hold: the working, market-priced dollar you earn and are paid in.

• Junior is a first-loss buffer that absorbs losses before they reach senior holders.

That structure, not a promise, is what protects the dollar you hold.

What backs wzdUSD

Every wzdUSD is minted only against locked collateral backed by real USDC. The vault is where that collateral is held, counted, and reconciled, so the wzdUSD you hold is backed by reserves you can verify, not a number you take on faith. wzdUSD is an appreciating, market-priced dollar, not a $1 stablecoin; see wzdUSD for what that means.

Status: coming, audit-gated

The vault is built but unaudited, and it stays closed to user money until both:

1. An independent security audit is complete.

2. A legal review is complete.

We would rather be late than custodial-careless. Until then, the strategy that produces the yield is being proven on the founder's own capital on a public address (see The Yield Engine), and nothing here is open to user deposits.

What it is not

This is not a borrow-against-your-tokens product, and not a deposit-for-a-fixed-APY product. There is no promised rate; the yield that reaches holders is variable and can be zero.