Welcome to Sova Vaults
Yield-bearing Bitcoin exposure through cross-chain settlement activity.
Deposit cbBTC and receive svBTC — a tokenized vault share that automatically appreciates as the protocol earns fees from solving cross-chain swaps.
Why Sova Vaults
Real Yield
Fees from actual cross-chain swap volume, not token emissions
Fully On-chain
Transparent ownership via ERC-4626 vault tokens
Permissionless
Connect your wallet and deposit — no sign-ups or verification
Auto-compounding
Yield accrues directly to the exchange rate
Sustainable Yield Model
Unlike inflationary DeFi rewards, Sova yield is backed by real transaction volume. More swaps = more settlement fees = higher returns.
How It Works
1. Deposit cbBTC
Connect your wallet on Base and deposit cbBTC into the Sova vault.
2. Receive svBTC
Immediately receive svBTC tokens representing your proportional share of the vault.
3. Yield Accrual
As solvers use vault liquidity to settle cross-chain swaps:
0.5% settlement fee is captured on each transaction
Fees flow back to the vault
The svBTC:cbBTC exchange rate increases
4. Redeem
When you're ready to exit:
Submit a withdrawal request
Wait for the 30-day redemption period
Receive cbBTC plus accumulated yield
Vault Parameters
Deposit Asset
cbBTC
Vault Token
svBTC (ERC-4626)
Network
Base Mainnet
Minimum Deposit
$500 USD equivalent
Redemption Period
30 days
Management Fee
0%
Performance Fee
10% (on profits only)
Comparison
Yield Source
Settlement fees
Token emissions
Rehypothecation
Sustainability
Scales with usage
Dilutive
Counterparty risk
On-chain Ownership
✓
✓
✗
Self-custody
✓
✓
✗
Transparency
Verifiable on-chain
Varies
Opaque
Getting Started
Step 1
Connect your wallet on Base Mainnet
Step 2
Deposit cbBTC to receive svBTC
Step 3
Track your position as yield accrues
Step 4
Redeem after the redemption period
Learn More
Yield Mechanics — How settlement fees generate returns
Flow of Funds — From deposit to redemption
Glossary & FAQ — Common questions answered
Last updated