Documentation
Core Concepts/Core Concepts

Core Concepts

Key ideas behind Pika Vault and YieldPilot—exits, adapters, telemetry, and policies.

Vault vs Product

  • Pika Vault (infra): conservative RWA strategies, cross-chain deposits/withdrawals, predictable exits, compliance toggles.
  • YieldPilot (product): monitors cash needs, keeps a safety reserve, sweeps surplus into Pika Vault, chooses best exit path, posts journals.

Exit Mechanics

  • Fast Exit: near-instant via liquidity sleeve at a transparent discount (bps).
  • Standard Exit (Queue): FIFO with ETA; claim position can be tokenized.
  • Claim Market: optional secondary market for claims → immediate liquidity.

RWA Adapters

  • Normalizes 4626, rebasing, and permissioned assets.
  • Per-issuer caps, haircuts, and pause switches.

Telemetry & Trust

  • Queue depth, sleeve utilization, NAV tick age.
  • Policy & SLA visibility; optional ZK attestations for monotone NAV.