Subunit Docs
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  1. Subvault

Subvault

PreviousIntroductionNextUSDC Staking

Last updated 9 days ago

One of the core innovations of Subunit is the Subvault, a staking vault for USDC that serves as the launchpad for new real estate onboarding to the Subunit protocol.

The more USDc that is staked in the Subvault, the more properties will be onboarded to the Subunit Protocol.

The Subvault is how members pool capital in advance, ready to seize property opportunities quickly and fairly.

Summary:

  • Deposit USDc into the Subvault and get STS Tokens, which represent "shares" of the vault

  • When a property acquisition occurs via a DAO vote, USDc is withdrawn from the vault to purchase the property and the new UNIT tokens (the property token) are distributed pro rata to the holders of STS that enabled the acquisition.

  • This causes a dilution of the STS token. So the 1 STS token for 1 USDC, but will be diluted as more acquisitions are made.

  • There is only one Subvault, which will fund multiple property acquisitions.