**The ERC-4626** tokenized vault standard is a standard protocol for tokenized vaults and is built on the [ERC-20](https://iq.wiki/wiki/erc-20) token standard. The standard was created to unify the technical parameters of yield-bearing vaults, making development, integration, and interoperability easier for vaults. It is meant to consolidate and standardize development efforts around “ERC-20 token strategies” such as borrowing & lending, [farming](https://iq.wiki/wiki/yield-farming), and [staking](https://iq.wiki/wiki/staking). [\[1\]](#cite-id-j29ttg5fh1)[\[3\]](#cite-id-tk6f3onfuj)  
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# Overview  
  
The Tokenized Vault Standard, ERC-4626 officially went live on March 18, 2022[\[2\]](#cite-id-zsrxvgdxtdr). The Ethereum Comment Proposal 4626 for the ERC-4626 standard was created by Joey Santoro[\[9\]](#cite-id-gago61i8n3q) — founder of [Fei Protocol](https://iq.wiki/wiki/fei-protocol), who partnered with [Ethereum](https://iq.wiki/wiki/ethereum) developers transmissions11[\[4\]](#cite-id-1plkjnrti88), Jet Jadeja[\[5\]](#cite-id-lz5sd6wbwme), Alberto Cuesta Cañada[\[6\]](#cite-id-kjfocm06ix), and Señor Doggo[\[7\]](#cite-id-flbnliq4pcm).  
  
## ERC-4626's Purpose  
  
The lack of standardization for tokenized vaults presents challenges in integration and composability. Without a standard implementation, protocols must create their own adapters for lending markets, aggregators, and other interest-bearing tokens, resulting in errors, increased attack risks, and wasted development resources. Establishing a standard for tokenized vaults would streamline integration efforts, leading to more consistent and secure implementation patterns.[\[3\]](#cite-id-tk6f3onfuj)  
  
ERC-4626 was developed with the goal of creating a standard that enhances composability and interoperability. To simplify the integration of yield-bearing tokens and address vulnerabilities, the team opted for a scalable and user-friendly approach. [\[8\]](#cite-id-vr7xtqa8b9j)  
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# 4626 Alliance  
  
The 4626 Alliance is a group of leading protocols and applications that share the mission of supporting the development and deployment of`ERC-4626` vaults:  
  
The Alliance group was created to foster collaboration between [DeFi](https://iq.wiki/wiki/defi) projects and push the adoption of the ERC-4626 standard. Members of the 4626 Alliance establish a common bounty board for “4626 essentials.” They are voted on/built individually/jointly by members of the Alliance. [\[10\]](#cite-id-0uj2i5wtbr6)[\[11\]](#cite-id-p65ph88eane)  
  
The Alliance Group also funds a common vehicle to distribute the costs and outsource through bounties the development of these “4626 essentials.” Each member of the Alliance commits $3k or more for this purpose. Alliances are also responsible for promoting the ERC-4626 standard through publication and events, and lastly, they create and maintain an open-source ERC-4626 resource library. [\[10\]](#cite-id-0uj2i5wtbr6)  
   
Members of the 4626 Alliance include:   
  
* [Alchemix](https://iq.wiki/wiki/alchemix)  
* Aztec  
* [Balancer](https://iq.wiki/wiki/balancer)  
* [Beefy Finance](https://iq.wiki/wiki/beefyfinance)  
* Blockworks  
* [Frax Finance](https://iq.wiki/wiki/frax-finance)  
* Morpho  
* [Mstable](https://iq.wiki/wiki/mstable-usd)  
* [PoolTogether](https://iq.wiki/wiki/pooltogether)  
* Sommelier Finance  
* Superform  
* [Yearn](https://iq.wiki/wiki/yearn)

The Tokenized Vault Standard, ERC-4626 officially went live on March 18, 2022

Date Founded

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ERC-4626 is a standard protocol for tokenized vaults on the Ethereum blockchain, aimed at unifying technical parameters and facilitating interoperability.

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ERC-4626

Date Founded

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