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Introduction to Dew Vault

The Dew Vault is the first implementation of tokenized vault for yield management on NEAR.

Each vault is a tokenized vault: users hold shares, and those shares track their claim on a shared yield management strategy.

  • It accepts one or more deposit assets (e.g. NEAR, rNEAR, USDC).
  • It issues a single NEP-141 share token (e.g. dewNEAR).
  • It maintains full on-chain accounting of assets, liabilities, and fees for that strategy.
  • It supports both instant (sync) and queued (async) deposit and withdrawal flows via an internal Teller module.
  • It is compatible with both NEP-141 and NEP-245 tokens

The Dew Finance Vault is Dew's reference implementation of a NEP-621-compliant tokenized vault on NEAR — a standard that is also proposed and maintained by the Dew Finance team. NEP-621 defines a common interface for tokenized vaults, so integrators can treat different strategies in a unified way while still respecting each vault's configuration, limits, and risk profile

Core Advantage of Dew Vaults

The key advantage of the Dew Finance Vault is its position on NEAR, inside the chain abstraction stack, allowing it to receive deposits from multiple chains through near intents and provides native-like UX for users across ecosystems.