Shbank Vaults operate on Enzyme Finance, the vaults allow to gather funds from many users to dilute the operations costs (mainly gas fees) and make bigger investments with higher yields and more potential to attract third party investors.
The vaults make a convertible investment and earn users stable coins and SBK rewards, see Introduction for more financial details. The vault transitions through 3 different states:
Deposit State
After making a partnership with a project, Shbank governance launches the Vault with the underlying token of the partner project. The vault starts with the Deposit State, which usually lasts for a few days and allows users to deposit their tokens up to the maximum capacity of the vault.
Locked State
After the Deposit State ends and/or the max capacity of the vault is reached, the vault enters into Locked state where the deposits/withdrawals are paused for the pre-announced maturity period.
Release State
When the maturity date is reached, the vault permanently enters into Release State, allowing the users to withdraw their funds, stable coin yield and SBK rewards.
