Vault System

The vault system in Seba ensures that yield is fairly distributed while encouraging long-term participation.

How does it work?

Before the first graduation, the Yield Vault compounds all yield to maximize growth. After the first graduation event, the vault switches modes:

• Capturing yield every five epochs and sending it to the pybSeba Vault for distribution.

• Allowing shareholders to claim their portion of sBOLD by burning shares in proportion to the claim amount.

This dynamic creates an interesting strategic decision for graduates:

• Claim early and secure a portion of the initial rewards.

• Hold shares and benefit from a perpetual stream of yield, which may grow over time as more validators join.

Total Number of Shares

The total number of shares is capped based on the total shares ever created for graduated validators.

• When shares are burned during a claim, an equivalent number can be recreated by depositing sBOLD back into the vault. This keeps the system balanced and