Glossary · DeFi
ERC-4626
Also: ERC4626, tokenized vault standard
ERC-4626 is the Ethereum token standard that defines a common interface for yield-bearing vaults, so that any wallet, aggregator or protocol can deposit into and redeem from a compliant vault without custom integration code.
Related terms
- Vault
- A vault is a smart contract that pools depositor funds, deploys them into a strategy, and issues shares whose redemption value rises as the strategy earns, so depositors hold a proportional claim rather than a fixed balance.
- Share price
- Share price in a vault is total assets divided by total shares outstanding, the figure that rises as yield accrues and that determines how many underlying tokens each share redeems for.
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