How the vault works

The vault runs on Pareto and Royco smart contracts on Ethereum. You deposit USDC from your own wallet and receive Bedrock, Senior or Junior shares in return, with no Blockhouse login needed. Blockhouse is not a party to the credit facility and doesn’t take custody of deposits. The vault’s contracts are listed on its page under Technical specifications.

Get ready

See Before you deposit.

Connect and accept the terms

See Connect a wallet and Accept the terms.

Verify once with Keyring

Pareto requires KYC/KYB through Keyring before a wallet can deposit. You verify once per wallet, and renew when the credential expires. See Verify with Keyring.

Deposit

See Deposit.

Positions

Position	What it is
Base	Standard credit: your USDC goes into the Bedrock vault and earns a fixed rate, paid into the share price each cycle.
Senior	A protected tranche, powered by Royco, with a lower APY in exchange for first-loss protection. See Senior and Junior tranches.
Junior	A first-loss tranche, powered by Royco, with a higher APY: Senior holders pay Junior holders a premium for taking the first loss.

The vault page shows the current APY of each.

Withdrawing

The vault lends in cycles. You request a withdrawal between cycles and claim the USDC when the next one completes. See Withdraw and claim.

Get started

Open your first strategy account

Add another strategy account

Manage your accounts

Deposit into a vault

Trade on the terminal

Reference

Positions

Withdrawing

​Positions

​Withdrawing

Positions

Withdrawing