> For the complete documentation index, see [llms.txt](https://docs.bedrock.technology/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bedrock.technology/yield-vaults/overview.md).

# Overview

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Yield Vaults is currently under development.
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Bedrock's yield layer is made up of Yield Vaults — individual products, each deploying capital into a specific institutional-grade yield strategy. This page explains the vault system and the four strategy categories.

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#### What a vault is <a href="#what-a-vault-is" id="what-a-vault-is"></a>

A Yield Vault is a structured product that:

1. Accepts capital (via uniBTC)
2. Deploys it into a specific yield strategy managed by a vetted institutional partner
3. Returns yield to uniBTC holders

Each vault is distinct: it has a defined strategy, a specific set of counterparties, and its own risk/reward profile. Bedrock audits each vault before launch and maintains ongoing oversight. *Vaults are different from a generic yield aggregator: each vault is a deliberate, vetted institutional strategy — not an automated sweep to the highest APY.*

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#### The four strategy categories <a href="#the-four-strategy-categories" id="the-four-strategy-categories"></a>

Every vault belongs to one of four strategy categories. The category defines *what kind of yield* the vault pursues.

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**🏦 Lending and Credit Vaults**

What it captures: Interest income from institutional borrowers via overcollateralized on-chain credit markets. How it works: Bedrock acts as an underwriter, providing capital to institutional credit protocols (such as Cap). Vetted institutional borrowers (trading firms, market makers) borrow against their positions and pay interest. That interest flows to uniBTC holders. Market relationship: Low directional exposure to BTC price. Yield is driven by borrower demand and credit market conditions, not by whether BTC is up or down. Bedrock's current position (as of May 27, 2026):

* $183.23M deployed on Cap as the largest single underwriter
* 5 institutional borrowers: Susquehanna Crypto, Amber Group, Flowdesk, Portofino, Selini Capital
* 356.92% Health Factor on Bedrock's own vault

→ Lending and Credit Vaults — detail page

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**📊 Delta-Neutral Quantitative Vaults**

What it captures: Arbitrage premiums and basis trading profits from systematic capture of market-structure price gaps. How it works: Quantitative strategies designed to be market-neutral — they do not take directional exposure to BTC's price. Instead, they exploit pricing inefficiencies between markets (e.g., CEX-DEX basis, funding rate arbitrage). Market relationship: Market-independent by design. Yield is driven by volatility and market inefficiency, not price direction. → Delta-Neutral Quantitative Vaults — detail page

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**🔄 DeFi-Native Yield Vaults**

What it captures: Liquidity provisioning returns from DEX and lending protocol markets. How it works: Capital is deployed as liquidity in DeFi protocols — DEX liquidity pools, lending protocol supply, or similar high-velocity positions. Returns come from trading fees and lending spread. Market relationship: Correlated with DeFi protocol activity and on-chain transaction volume. → DeFi-Native Yield Vaults — detail page

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**🏢 Real-World Asset (RWA) Vaults**

What it captures: Returns from tokenized off-chain financial instruments — treasury bills, private credit, structured products. How it works: Capital is deployed into tokenized representations of traditional financial instruments, diversifying yield sources beyond crypto-native market cycles. Market relationship: Tied to traditional market conditions and interest rate environments. → Real-World Asset (RWA) Vaults — detail page

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#### Current vault status <a href="#current-vault-status" id="current-vault-status"></a>

Vault

Category

Status

First Yield Vault (name TBA)

Lending and Credit

🔜 Coming soon

Babylon × AAVE Vault

Lending and Credit

🔧 In development

Morpho-based Vault

Lending and Credit

⚪ Pipeline

Delta-Neutral Vault

Delta-Neutral Quantitative

⚪ Pipeline

DeFi-Native Vault

DeFi-Native Yield

⚪ Pipeline

RWA Vault

Real-World Asset

⚪ Pipeline

*Vault names are subject to finalization. Bedrock does not commit to launch dates until officially confirmed.*

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#### How to access vaults <a href="#how-to-access-vaults" id="how-to-access-vaults"></a>

Hold uniBTC — you are automatically participating in active vault strategies. No separate vault deposit is required. → Quick Start: Buy & Hold uniBTC

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*Each vault carries distinct risk. Returns depend on vault strategy performance, counterparty behavior, and market conditions. No returns are guaranteed. Review audit reports and Terms of Use before participating.*