How this vault works
You deposit DAI. The vault splits it to match its live inventory ratio — keeping part as DAI and swapping part to pDAI in the same transaction — and mints you synMM-pDAI shares priced purely from quantities (no oracle), so a flash-loan can’t mint cheap shares.
- A keeper runs a √-curve market-making strategy, rebalancing the pDAI/DAI inventory on-chain around a fair-value anchor as price moves.
- Realized trading profit accrues to a segregated DAI reserve you can claim any time, pro-rata to your shares.
- Withdrawals are in-kind and always open — you receive your pro-rata DAI and pDAI directly, with no swap, no oracle, and no pause.
Security & risk
The vault is non-custodial — no admin can move your deposited funds, and withdrawals are always open. Deposit only what you can afford to lose. Key protections:
- Flash-loan-resistant deposits — fills are bounded to a rolling on-chain TWAP (deposits revert outside the band).
- Compromised-keeper containment — every rebalance is size-capped (% of live reserves) and price-floored (recomputed from live reserves); the keeper can never route through other tokens or send funds to itself.
- Non-custodial escape hatch — withdraw is pro-rata, price-free, and has no pause or admin gate; you can exit whenever.
- No rug switch — no function sends principal to an owner-chosen address; swap venue + tokens are immutable; ownership uses a two-step handover.
- Performance fee capped at 30%, taken only from realized profit — never your principal.
Risks you accept: smart-contract risk, market & impermanent-loss risk on the pDAI/DAI pair (pDAI is the PulseChain-forked DAI and trades at a discount to the bridged DAI quote), thin-liquidity/slippage risk, keeper liveness, and owner/admin control of strategy parameters.
