Dynamic Vault are vaults that rebalance every minute across lending platforms to find the best possible yield while prioritizing keeping user funds as accessible as possible.

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Program Address

  • Mainnet-beta: 24Uqj9JCLxUeoC3hGfh5W3s9FM9uCHDS2SG3LYwBpyTi
  • Devnet: 24Uqj9JCLxUeoC3hGfh5W3s9FM9uCHDS2SG3LYwBpyTi

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Resources

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Features

Vault Types

Regular Vault (RebalanceVault): Meteora can rebalance funds across multiple lending strategiesIdle Vault: 100% liquidity stays in the vault without rebalancing capabilities

User Operations

Deposit: Users can deposit tokens and receive LP tokens representing their shareWithdraw: Users can withdraw tokens by burning LP tokensDirect Strategy Withdrawal: If vault doesn’t have enough liquidity, can withdraw directly from strategies

Multi-Strategy Support

The vault supports up to 30 different strategies simultaneously, integrating with various DeFi protocols:Currently Supported: Solend (with and without liquidity mining), Marginfi, KaminoPreviously Supported: PortFinance, Mango, Apricot, Francium, Tulip, Drift, Frakt (now deprecated)

Strategy Management

Initialize Strategy: Meteora can add new strategies to the vaultAdd/Remove Strategy: Connect or disconnect strategies with standard or advanced removal optionsRebalance Strategies: Deposit or withdraw liquidity from strategies

Rewards System

Claim Rewards: Collect rewards from lending protocolsAutomatic Distribution: Rewards go to treasury addressMultiple Token Support: Can handle rewards in different tokens

Fee System

Performance Fee: 5% fee on profits charged when rebalancingFee Vault: Dedicated account for collecting fees owned by treasuryLocked Profit Mechanism: Gradual profit release over 6 hours to prevent MEV

Security Features

Slippage Protection: Minimum output amount checks on deposits/withdrawalsVault Controls: Meteora can halt deposits while allowing withdrawalsStrategy Validation: Ensures strategies are properly configured before use

Advanced Financial Features

Locked Profit Tracking: Prevents sudden profit realization affecting LP token pricesVirtual Price Stability: Maintains consistent LP token pricing during rebalancingMulti-token Support: Each vault supports a specific token (USDC, SOL, etc.)

Risk Management

Diversification: Spreads risk across multiple lending protocolsAutomated Rebalancing: Optimizes yield while managing risk