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TL;DR

  • Deposit USDC (or another supported asset) into a vault and receive shares representing your ownership.
  • A professional operator runs quantitative trading strategies with pooled capital. Returns come from trading, not interest.
  • You need ORAI staked to unlock deposit allocation. The more you stake, the more you can deposit.
  • The vault charges a 20% performance fee on daily profits. Fees are assessed each day the vault is net positive — no daily gain means no fee that day.
  • You can withdraw at any time. Instant if liquidity is available; queued if capital is deployed.
  • All returns are variable. Past performance does not guarantee future results.

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Access — ORAI staking allocation

Vault deposit access is based on ORAI staking allocation. Allocation rules may be adjusted over time. To check your current allocation, visit quant.orai.io.
You stake ORAI on-chain to receive a deposit allocation. Your allocation determines the maximum amount you can deposit across Quant Vaults. Stake more ORAI to increase your allocation.

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Fees

Vaults charge a 20% performance fee on daily trading gains. There are currently no deposit or withdrawal fees. How the fee works:
  • Daily assessment — at the end of each day, the vault compares its NAV to the previous day’s NAV. If the vault is net positive, the 20% performance fee is applied to that day’s gain.
  • No gain, no fee — if the vault ends the day flat or negative, no fee is charged that day.
  • NAV deduction — the fee is taken directly from the vault’s NAV. This means share price rises by the gain after the fee, not the gross gain. For example: if the vault earns 1% in a day, share price rises by approximately 0.8% after the 20% fee.
  • Day-over-day basis — the performance calculation resets daily. Each day is measured against the prior day’s closing NAV, not against your personal entry price or any historical high.
The fee is not charged on your principal. It only applies to profitable days.

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Live performance

View live vault performance — see current share prices, TVL, and historical PnL for all vaults in Quant Terminal.
All performance data — APR, APY, TVL, share price — is available live in the app. We do not publish spot numbers in documentation because they change continuously. For accurate, up-to-date figures, always check the app directly.

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How vaults work

A vault on Quant Terminal is a pooled capital vehicle that executes trading strategies on your behalf. You deposit assets, receive shares representing your ownership, and benefit from the performance of the strategy — all without placing a single trade. Vaults are not lending pools. They do not lend your capital to borrowers. Returns come from trading activity.
When you deposit assets into a vault, you receive vault shares in return.
  • The number of shares you receive is determined by the current share price at the time of deposit.
  • Once deposited, your assets are pooled with other depositors and managed collectively by the vault operator.
Example: You deposit 1,000 USDC. The current share price is 1.05 USDC per share. You receive approximately 952.38 shares. Those shares represent your proportional claim on everything the vault holds.
Share price is the single most important number in the vault. It tells you what one share is worth.
  • NAV (net asset value) is the total value of all assets the vault controls, across all positions and chains, net of any obligations.
  • Share price = NAV / total shares outstanding.
  • An independent oracle reports the aggregate value of all vault positions. Share price is derived from this oracle-reported value.
When the vault profits, NAV goes up and share price rises. When the vault takes a loss, NAV goes down and share price falls. Every shareholder participates proportionally.
The vault operator runs quantitative trading strategies using the pooled capital.
  • Strategies may trade across multiple markets, instruments, and chains.
  • The operator can open, close, and rebalance positions as market conditions change.
  • Capital can be moved between chains or protocols to execute strategies where opportunities exist.
  • You do not choose or control individual trades. Your participation is through share ownership.
All vault returns come from trading activity.
  • Realized PnL is profit or loss from positions that have been closed. It directly changes the assets the vault holds.
  • Unrealized PnL is the mark-to-market gain or loss on open positions. It affects NAV but has not been settled yet.
  • Both are reflected in share price through oracle updates.
Profits stay inside the vault. They are not distributed as separate payments. This means gains compound automatically — your shares represent a growing share of a growing pool.
When you want to exit, you redeem your shares for the underlying asset.Instant withdrawal: If the vault holds enough idle liquidity to cover your redemption, you receive your assets immediately.Queued withdrawal: If liquidity is insufficient — for example, because capital is deployed in active positions — your request enters a pending queue.
  • Your shares are held by the vault until the operator fulfills your request.
  • Once the operator returns sufficient capital, your pending redemption is processed and assets are sent to your wallet.
  • In rare cases (e.g., extreme market events), the operator may cancel a pending request and return your shares instead.
No withdrawal fee is currently applied. You receive the full asset value of your redeemed shares.

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Key concepts

Shares are ERC-20 tokens that represent your proportional ownership of the vault. When you deposit, you receive shares. When you withdraw, you return shares. The value of your position equals your shares multiplied by the current share price.
APR (annual percentage rate) measures the simple annualized return, without compounding. APY (annual percentage yield) includes the effect of compounding. Both are backward-looking estimates based on historical performance. They are not guarantees of future results.
Drawdown is the decline from a vault’s peak share price to its lowest point during a given period. It measures the worst-case loss a depositor could have experienced.
Liquidity refers to how much idle capital the vault has available for instant withdrawals. When most capital is deployed in strategies, liquidity is low and withdrawal requests may be queued.
A pending redemption is a withdrawal request that could not be fulfilled immediately. Your shares are held by the vault until the operator processes the request and returns your assets.

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How to use vaults

1

Connect your wallet

Go to quant.orai.io and connect a supported wallet.
2

Check your ORAI staking allocation

Confirm you have ORAI staked on-chain. Your staking allocation determines how much you can deposit across vaults. If your allocation is insufficient, stake additional ORAI before proceeding.
3

Choose a vault

Browse available vaults. Review each vault’s strategy description, historical performance, current share price, TVL, fees, and risk profile before proceeding.
4

Deposit

Enter the amount you want to deposit. Review the estimated shares you will receive. Approve the token spend if prompted, then confirm the deposit transaction.
5

Monitor your position

After depositing, track your position in the Quant Terminal dashboard. Key metrics to watch:
  • Share price — is it rising or falling?
  • Your share balance — your ownership stake.
  • Vault TVL — total capital under management.
  • PnL — your profit or loss since deposit.
6

Withdraw

When you want to exit, request a withdrawal by specifying the number of shares to redeem. If liquidity is available, you receive assets instantly. Otherwise, your request enters the pending queue and settles when the operator processes it.

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Performance and metrics

APR and APY figures shown in the app are backward-looking estimates based on historical vault performance. They are not projections or guarantees. Performance is calculated on public vault data only — in-house or company-capital accounts are not included. All figures are gross of performance fees unless otherwise stated. Never treat historical APR or APY as an indication of future returns. Vault performance depends entirely on market conditions and strategy execution.

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Risks

Using a vault means trusting your capital to a trading system. You should understand the risks before depositing.

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Smart contract risk

  • Vaults rely on smart contracts to custody assets, mint shares, and process withdrawals. Bugs or vulnerabilities in these contracts could lead to partial or total loss of funds.
  • Share price depends on an oracle that reports aggregate vault value. If the oracle delivers stale or incorrect data, share price may not reflect reality.
  • The vault can be paused by authorized operators. While paused, deposits, withdrawals, and transfers are disabled.

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Strategy risk

  • Trading strategies can lose money. Vaults may take leveraged, directional, or cross-chain positions that amplify both gains and losses.
  • Market conditions the strategy was not designed for can cause outsized losses.
  • Past performance is not predictive of future results.

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Liquidity risk

  • Not all withdrawal requests are instant. When capital is deployed in positions, idle liquidity can be low.
  • Pending withdrawal requests depend on the operator to return capital. There is no guaranteed timeline for fulfillment.
  • In extreme scenarios, the operator may cancel a pending withdrawal and return your shares instead of assets.

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Operational risk

  • Vault operators have significant authority: they can move capital, execute trades, pause the vault, and manage withdrawal queues.
  • Operator decisions directly affect vault performance and your ability to withdraw.
  • Fee parameters (deposit fee, withdrawal fee) can be changed by the operator, up to a maximum cap.

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FAQ

Vault deposit access is based on ORAI staking allocation. Staking ORAI is how you unlock your deposit limit. Allocation rules may be adjusted over time.
All live performance data — APR, APY, TVL, share price — is available in Quant Terminal at quant.orai.io. Documentation does not publish spot numbers because they change continuously.
The performance fee is assessed daily. At the end of each day, the vault compares its NAV to the previous day’s NAV. If the vault is net positive, a 20% fee is deducted from that day’s gain before share price is updated. If the vault is flat or negative, no fee applies that day.The fee is taken via NAV deduction — share price rises by the net gain after the fee, not the gross gain. It is never charged on your principal.
Yes — and it’s worth understanding why. The fee is calculated day-over-day against the previous day’s NAV, not against your personal entry price. If the vault drops one week and recovers the next, fees apply on the recovery days even if your position is still at a net loss from when you deposited.This is how the fee is designed: it compensates the operator for each day of positive performance, independent of where individual depositors entered. If this matters to your decision, factor it in when sizing your deposit.
Yes. Vault returns come from trading, and trading involves risk. If the strategy loses money, the share price drops and your position is worth less than what you deposited. There is no principal protection.
No. All returns are variable. They depend entirely on strategy performance and market conditions. Historical APR and APY figures are backward-looking and not promises of future results.
You can request a withdrawal at any time (unless the vault is paused). If sufficient liquidity is available, you receive assets instantly. If not, your request enters a queue and is processed when the operator returns capital to the vault.
Profit is the difference between the value of your shares now and the value at the time of deposit. If share price has increased since you deposited, you are in profit. If it has decreased, you are at a loss.
Your shares are transferred to the vault and held there. They are not burned until the operator fulfills your request and sends you the underlying assets.
Yes. Authorized operators can pause the vault to prevent deposits, withdrawals, and transfers during emergencies or maintenance. This is a safety feature, not a permanent state.
No. The vault operator manages all trading decisions. You participate passively through share ownership.
Quant Vaults and Quant Agents involve trading risk. Performance is not guaranteed, and users may lose money. Historical results are provided for transparency only and should not be treated as financial advice.