Mint Vault

Users may mint TVLT tokens by depositing TECH and USDC: the TECH Vault in turn deposits TECH and USDC into the TECH/USDC liquidity pool on the Fission DEX and receives an LP token to represent this position. These positions are controlled algorithmically with position parameters based on off-chain NAV data for the TECH token. The TECH Vault share price is calculated by assessing the value of each asset in the vault and dividing it by the number of shares. The secondary trading price is used to calculate the value for TECH and USDC. When a mint or redemption occurs, the TECH Vault price per share is unaffected. TECH Vault depositors are incentivized to provide liquidity in a rational range based on fundamental value through governance token rewards distribution, FISN.

TECH Vault depositors earn a 1% trading fee on volume traded, shared pro-rata based on total value deposited.

Example: if the calculated NAV (“net asset value”) of TECH’s venture asset holdings is $100 per share, the range would be set at ~$97-103. If the next day, the NAV of TECH increases to $102, the new range would be set at ~$99-105.