Overview
Users deposit USDT on HyperEVM, receive vault shares, and earn yield as the protocol executes strategies automatically in the background.
Deposit Process & Share Issuance
When a user deposits USDT into the Altura Vault:- The protocol mints vault shares that reflect proportional ownership.
- Share count remains constant unless users deposit or withdraw.
Price-Per-Share (PPS) - How Performance Is Measured
Altura uses PPS as its core accounting mechanism.- As strategies generate yield, PPS increases.
- User balances grow proportionally.
- No manual claiming or compounding is required.
- All value creation is embedded directly in the PPS.
Oracle-Governed PPS Updates
PPS updates occur through authenticated oracle reporters and include:- Movement limits (prevents abnormal jumps)
- Freshness checks (reject stale data)
- Timestamp validation (no future blocks)
- Reporter authentication (only authorized oracles can update)
Withdrawals - Dual-Path System
Altura supports two withdrawal paths for user flexibility and protocol stability:Path 1 - Instant Withdrawal
Executed immediately if the withdrawal amount is ≤ the vault’s liquid balance.Path 2 - Epoch Withdrawal
If the requested amount exceeds available liquidity, the withdrawal enters the current epoch.Once the epoch concludes, funds become claimable.
Minimum Claim Period: 6 Hours
All withdrawals (instant & epoch) require a 6-hour minimum period after a new deposit before they can be claimed. This protects the system from timing exploits.Full Operational Lifecycle
A simplified overview of the vault lifecycle:- User deposits USDT on HyperEVM
- Vault mints proportional shares
- PPS updates as strategies generate yield
- User requests withdrawal
- Instant withdrawal if liquidity is available
- Otherwise, processed at epoch end
- Withdrawal claimable after 6-hour minimum period