Beat the Vault

Beat the vault. Lock or float.

The vault pays a yield that wanders around 8% and is pulled back toward it. The market prices what it expects. You decide whether to lock the market's rate with PT or float with the vault through YT. Beat holding the vault, and you are on the board.

Vault rate
…
Realised APR now
…
over the last hour
Implied rate
—
what the AMM is pricing
Next tick
—
the rate updates every hour
Realised APR per hour, the long-run mean, and the market's implied raterealised · implied · mean