Where the yield actually comes from.
Northvault generates estimated yield by deploying pooled stablecoin deposits across a diversified strategy book — short-duration reserves and tokenised cash equivalents, over-collateralised market-maker lending, on-chain liquidity provision in stablecoin-pair pools, and a small opportunistic sleeve. Allocation is governed by exposure caps and rebalanced as conditions change. The blended-yield math, strategy weights, and risk model are documented on the Transparency, Strategies, and Risk pages.
Four rules we hold this page to.
Transparency in financial products is not a paragraph. It's a discipline. The four principles below are the ones we measure every piece of copy against before it ships.
Every claim on this site — APY, allocation, policy cap, settlement cadence — has a source we can point to. We don't ship copy we can't substantiate.
The risk page is as detailed as the strategy book. If we describe the rate, we describe the way it can fail. Neither sentence stands without the other.
When market conditions move, the floor moves with them — we don't reach for risk to defend a number. 'Estimated, variable, not guaranteed' is not a footnote; it's the product.
On-chain positions are addressable. Reserves can be attested. Operational controls can be independently reviewed. We tell you what we publish and what we don't, and why.
Four buckets. No black box.
Allocation percentages and yield ranges are illustrative targets and may move within their bands. Specific counterparties and venues are not disclosed publicly.
- Reserves & cash equivalents45%4.5–5.5%
- Market-maker lending30%8–12%
- On-chain liquidity provision17%7–14%
- Opportunistic strategies8%6–18%
Short-duration, dollar-denominated cash equivalents — including tokenised treasury exposure — providing the liquidity floor and the stable base yield of the book.
Over-collateralised, short-tenor lending to vetted market-making and trading counterparties. Underwriting, exposure caps, and collateral monitoring on every facility.
Concentrated-liquidity positions in stablecoin-pair pools on established decentralised exchanges. Stablecoin-only pairs to minimise impermanent loss.
Short-duration basis trades, cross-venue spread capture, and funding-rate strategies. Smallest sleeve, highest variance, tactically sized.
Weighted strategy yield, less operating cost.
Each bucket contributes its target yield weighted by its allocation. We retain a small operating margin, and the rest is distributed to depositors daily.
Illustrative weighted blend. Tier uplift on the loyalty rewards programme adds basis points to depositor APY. Estimated, variable, not guaranteed.
Illustrative. Strategy yields and allocations move with market conditions. Tier uplift is part of the loyalty rewards programme and is variable. Subject to change. Estimated, not guaranteed.
From per-second accrual to daily ledger close.
What actually happens to your balance every 24 hours — start to finish.
- 01Live accrual continues00:00 UTC
Per-second yield calculation runs on every read against the principal.
- 02Daily settlement job00:05 UTC
All balances are settled: accrued yield is baked into principal, clocks reset.
- 03Ledger close + audit log00:10 UTC
Settlement entries are written to the audit log. Yield-credit transactions appear in user history.
- 04Operations review08:00–18:00 UTC
Daily reconciliation of on-chain balances against the ledger. Anomalies escalate immediately.
- 05Withdrawals processedSame-day
Approved withdrawals to allowlisted addresses are signed and broadcast from the hot tier.
An honest line between what attestations prove — and what they don't.
Proof of reserves is a useful transparency tool — and one that is often presented as more than it is. This card describes what an attestation actually confirms, and what it doesn't, in plain terms.
Full proof-of-reserves framework- On-chain balances at the multi-signature treasury at the attestation timestamp
- Composition of the reserves sleeve by instrument type
- Aggregate exposure to each strategy bucket
- Outstanding depositor liabilities at the same timestamp
- Solvency between attestations — it's point-in-time only
- Operational controls or the strength of governance
- Recoverability of counterparty exposures under stress
- That liabilities aren't understated through off-balance-sheet arrangements
An explicit perimeter, in two columns.
Total transparency is a slogan, not a product. The left column is what we publish on the site. The right column is what we deliberately don't — and why.
- Strategy book with target allocations and bands
- Blended-yield math, weighted by bucket
- Per-counterparty and per-venue exposure caps
- Multi-signature custody architecture
- Risk model — full category list with severity
- Settlement cycle and reconciliation cadence
- Withdrawal policy in ordinary + stress conditions
- Restricted-jurisdictions list
- Specific counterparty and venue names (NDA only)
- Pre-publication audit reports
- Individual depositor balances or activity
- Internal pricing models and proprietary signals
Specific counterparty names are commercially sensitive and disclosed under NDA to verified investors. Pre-publication audit reports are withheld until their full scope can be presented without misinterpretation.
Risk lives here. We don't hide it.
The headline categories are below. Each one expands into more detail on the full risk disclosure page.
Full risk disclosureOn-chain positions depend on third-party smart contracts. Bugs or exploits can impair the exposed allocation.
Market-maker counterparty insolvency or collateral failure can produce loss on the lending sleeve, despite over-collateralisation and exposure caps.
USDC and USDT depend on issuer reserves and policy. Significant depeg events have occurred historically. We split exposure across both.
Stablecoin-only pools minimise but do not eliminate impermanent loss. Sustained depegs or range breaches can produce realised loss.
Withdrawals are paid from the reserves sleeve. In extreme redemption events, withdrawals may be queued while positions are unwound.
Multi-sig treasury reduces but does not eliminate custody risk. Smart-contract bugs in the multi-sig software, key-management failures, and chain-level events are real exposures.
What actually happens with your stablecoins.
- You deposit USDC or USDT
Funds land in a multi-signature treasury wallet on Solana. KYC-verified accounts only.
- We deploy across the strategy book
Allocation is governed by exposure caps and rebalanced as conditions change. Specific counterparties and venues are not disclosed publicly.
- Yield accrues continuously
Estimated yield is computed on every balance read and settled to the ledger daily. Withdraw anytime, subject to security review for first-time addresses.