Vault Investors

Vault investors take the capital side of Midgard.

You deposit into the vault, receive shares, and earn from the protocol’s lending activity — without defending scores or buying challenge attempts.

How it works

The vault is a lending pool.

• Factory owners borrow from it when they use leverage.
• The vault earns from loan interest and liquidation outcomes.
• Your return shows up in share price, not a separate reward claim.

If you want Midgard exposure without operating a factory, this is the cleanest path.

What to expect

• Deposits are locked for 2 days.
• Withdrawals go through a queue — not instant.
• Returns depend on real protocol activity, not emissions.
• Idle liquidity affects how fast exits are processed.

Who this is for

Vault investors want:

• Exposure to Midgard without playing games
• Auto-compounding share-price mechanics
• A simpler risk profile than running a leveraged factory

The risks

• Low leverage demand means lower income.
• Unhealthy leverage positions can affect returns.
• Queued withdrawals mean liquidity isn’t instant.

Read next

• Vault — full technical details
• Leverage — how factories borrow from the vault
• Factory Owners — want to play a more active role?