Vaulta
Vaulta is a blockchain network focused on Web3 Banking, evolving from the previously established EOS Network. It aims to bridge traditional finance with decentralized digital assets through its own infrastructure and a native utility token, $A.
Overview
Vaulta represents a strategic evolution of the EOS Network, repositioning itself as a financial operating system for Web3 Banking. The project focuses on providing a secure, scalable, and compliant environment for both retail users and institutions to engage with digital assets and decentralized finance (DeFi) applications. The transition involves a rebranding and a token swap, replacing the native EOS token with a new token symbol, $A, while maintaining the underlying blockchain infrastructure and tokenomics.
The initiative is driven by the Vaulta Foundation and supported by a decentralized ecosystem including Block Producers, developers, and various partners. Vaulta emphasizes key areas such as wealth management, consumer payments, portfolio investment, and insurance, leveraging its technology stack and strategic alliances to build out these use cases. The network utilizes a Delegated Proof-of-Stake (DPoS) consensus mechanism with deterministic finality, aiming for high transaction throughput and low costs suitable for financial applications. [1] [2] [3] [7] [8]
History
The Vaulta network originated as the EOS Network. The transition to the Vaulta brand and the introduction of the $A token were planned for May 2025.
Key dates in the transition process include:
- May 7, 2025: A block producer multi-signature (MSIG) proposal was initiated to deploy the Vaulta token contract and define $A as the new native token symbol.
- May 14, 2025: The MSIG was scheduled for execution, and the official Vaulta Swap Portal went live, enabling the exchange of EOS for $A.
- Mid–Late May 2025: Centralized exchanges were expected to begin listing $A and delisting $EOS, with timing varying by exchange.
- May 29, 2025: Vaulta Foundation CEO, Yves La Rose, was scheduled to announce Vaulta at the Bitcoin 2025 conference.
The transition is described as a brand evolution rather than a technical migration or a new blockchain. The existing EOS mainnet became the Vaulta mainnet, retaining all infrastructure, state history, accounts, wallets, and smart contracts. [1] [2]
Technology
Vaulta operates on a blockchain architecture designed for financial applications. The network is built on the core Antelope technology.
Key technological features include:
- Layer 1 Network: Vaulta functions as a Layer 1 blockchain.
- Consensus Mechanism: It utilizes a Delegated Proof-of-Stake (DPoS) mechanism enhanced by the Savanna consensus layer, introduced via the Spring 1.0 upgrade. This hybrid approach incorporates BLS-based quorum certificates for consensus validation.
- Transaction Finality: The network achieves deterministic one-second transaction finality, aiming to prevent reorgs and delays. Block intervals are approximately 0.5 seconds, with confirmation requiring two-thirds of the top Block Producers.
- Scalability and Performance: The architecture supports high-frequency transactions and aims for high throughput, capable of handling over 10,000 transactions per second. It features pipelined consensus, allowing parallel block production and validation, and adaptive performance tuning.
- Smart Contract Support: Vaulta supports both C++ WASM smart contracts and EVM-compatible Solidity contracts. The C++ compatibility is noted for easier integration with traditional Web2 banking systems.
- Data Storage: The network uses a decentralized on-chain RAM database for managing application state and high-frequency transactions. RAM is described as a scarce resource essential for decentralized applications and infrastructure.
- Interoperability: Vaulta facilitates cross-chain liquidity and interoperability using Inter-Blockchain Communication (IBC). This enables trustless transfers between chains without relying on wrapped assets or third-party bridges.
- Bitcoin Integration: Through exSat, a virtual chain implemented as a fork of Vaulta EVM, the network integrates native Bitcoin, enabling smart contract access to BTC balances, staking, and yield strategies. exSat utilizes Vaulta's RAM architecture to index Bitcoin's UTXO set. [1] [3] [4]
Tokenomics
The native utility token of the Vaulta network is $A, which replaces the previous EOS token. The tokenomics of $A are the same as those of EOS, with no changes to the total supply, allocation, or vesting schedules.
Key aspects of $A tokenomics:
- Total Supply: Fixed at 2.1 billion tokens.
- Halving Cycle: Features a four-year halving cycle.
- Utility: The $A token is used for staking, accessing network resources (bandwidth, compute, RAM), participating in on-chain governance, providing liquidity, and paying transaction fees.
- Staking Rewards: A protocol-level staking program distributes 85,600 $A daily from a pool capped at 250 million $A, offering over 31 million $A annually to stakers. Staking with a 21-day lockup is available.
- Token Swap: A 1:1 token swap from EOS to $A began on May 14, 2025. The swap is available through the official Vaulta Swap Portal hosted on Unicove or via participating centralized exchanges. The swap is bi-directional for the first four months, after which it will support only one-way swaps from EOS to $A. There are no fees or slippage for the swap. [1] [2] [3] [4] [12] [13]
Use Cases
Vaulta focuses on four core pillars to implement its Web3 Banking vision.
- Wealth Management: Providing solutions for users and institutions to manage, diversify, and earn yield on digital assets with enterprise-grade security.
- Utilizes licensed custodians like Ceffu for institutional yield strategies on custodied assets, including BTC yield and liquid staking.
- Aims to democratize access to quantitative yield strategies for consumers.
- Offers comprehensive Bitcoin yield opportunities through exSat, such as staking, re-staking, and delta-neutral strategies.
- Consumer Payments: Expanding everyday use cases for digital assets through rapid settlements and reduced fees.
- Transactions achieve sub-second finality.
- Enables seamless spending on Bitcoin yield by receiving credit against yield.
- Partners with Virgo to power VirgoPay, a stablecoin payments solution for transactions in USDT, USDC, and other digital currencies with merchants.
- Portfolio Investment: Creating a secure environment for DeFi and traditional finance opportunities, including fractional ownership of real-world assets (RWAs).
- Partners with Spirit Blockchain to facilitate fractional ownership of assets like real estate, commodities, or private equity through tokenization platforms.
- Offers diversified portfolio options through structured yield products, stablecoin lending, and cross-chain integration.
- Investigates and expands RWA partnerships, focusing on real estate and commodities tokenization.
- Insurance: Enhancing asset security through partnerships with crypto-optimized insurance providers/
- Partners with Blockchain Insurance Inc., an association captive insurance provider for the crypto ecosystem, offering tailored coverage for digital assets, including smart contract vulnerabilities and custodial risks.
- Utilizes solutions like Recover+ and Ceffu custody offered through ecosystem partners to mitigate threats and enhance asset protection. [1] [11]
Partnerships
Vaulta has established partnerships to support its Web3 Banking ecosystem. Key partners mentioned include:
- Ceffu: Provides licensed custody and institutional-grade yield strategies, including BTC yield programs and liquid staking.
- exSat: A virtual chain on Vaulta EVM that provides Bitcoin digital banking services, enabling BTC staking, yield generation, and high-performance UTXO data indexing. exSat has attracted over $685 million in TVL and has over 5400 Bitcoin staked.
- Virgo: Partners with Vaulta to power VirgoPay, a stablecoin payments solution.
- Spirit Blockchain: Works with Vaulta to facilitate fractional ownership of real-world assets through tokenization.
- Blockchain Insurance Inc.: Provides crypto-native insurance solutions for digital assets.
- OKX Wallet: Announced a strategic partnership to accelerate Web3 Banking adoption.
- Fosun: Teamed up with Vaulta and exSat on Web3 infrastructure in Hong Kong. [1] [5] [6] [10]
Governance
Vaulta employs a Delegated Proof-of-Stake (DPoS) governance model. Token holders who stake their $A tokens can vote for Block Producers. Block Producers are responsible for managing network infrastructure, validating transactions, and approving protocol upgrades. Token holders can also participate in discussions and proposals regarding the platform's strategic direction. [1] [3]
Team and Advisory Council
The Vaulta ecosystem is supported by the Vaulta Foundation, Vaulta Labs, Vaulta Middleware (Greymass), Vaulta Ventures, and Vaulta Block Producers. Yves La Rose is the CEO of the Vaulta Foundation.
Vaulta has assembled a Banking Advisory Council to bridge traditional finance and Web3. Members include:
- Lawrence Truong: Chief Executive Officer at Systemic Trust, a registered trust company specializing in digital asset custody. Truong is noted as the former CEO of Binance Canada and provides regulatory insights [1].
“Democratizing financial access is vital for building real economic resilience, and joining Vaulta’s Banking Advisory Council is an excellent opportunity to support that goal. As the CEO of a regulated, independent digital asset custody provider, I recognize how Vaulta’s Web3 Banking approach, especially its direct gateway to Bitcoin can responsibly bridge traditional finance with Web3 technology. I look forward to sharing industry insights and guiding the network towards broader adoption.”
- Didier Lavallée: Chief Executive Officer at Tetra Trust, Canada’s first licensed digital asset custodian. Lavallée previously held senior roles at RBC Investor & Treasury Services and RBC Capital Markets.
- Alexander Nelson: Senior Director, Digital Finance at ATB Financial. Nelson provides strategic crypto direction and assists digital finance clients with regulatory, risk, and AML navigation.
- Jonathan Rizzo: Senior Business Solution Specialist, Digital Finance at ATB Financial. Rizzo focuses on risk management, due diligence, regulatory compliance, AML risk reviews, and strategic partnership oversight within the digital finance landscape.
Vaulta intends to expand the Banking Advisory Council with additional members from financial institutions. [1] [2] [3] [9]
Security
Vaulta's smart contracts have undergone security audits by Certik and Sentnl. The network is noted for having over 2,600 days of consecutive uptime. Users are advised to use official links and platforms, such as the Vaulta Swap Portal, to avoid scams and phishing attempts during the token transition. [2] [3]