Token Working Group – Yield Vaults & New Standardization Effort

Developers Tokenization
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In the most recent Token Working Group meeting, we discussed the development of a Yield Vault application on the Internet Computer, along with an associated standard. This initiative is being spearheaded by the team at Covault, who presented their initial ideas and architecture.

:film_projector: Meeting Recording:
Google Drive Link

:puzzle_piece: Architecture Overview (WIP):
Document Link

This is a promising and ambitious effort aimed at enabling composable DeFi primitives on ICP, beginning with vault-based yield generation strategies. For this to be successful, collaboration is essential—especially from those building or maintaining key pieces of the ICP DeFi stack:

  • Wallet developers
  • DEXs and exchanges
  • Liquidity providers
  • Token standard maintainers
  • Frontend integrators

If you’re involved in any of the above areas, your feedback and participation would be highly valuable at this early stage.

:backhand_index_pointing_right: Please share your thoughts and suggestions in this thread. Let’s shape this together!

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OISY is actively integrating DEX infrastructure both native to ICP and cross-chain to enable in-wallet access to AMMs, CLMMs, and liquidity deployment strategies. This paves the way for a full ‘earn’ experience directly within the wallet, eliminating the need for off-platform navigation.

While details are still fluid, we’re aiming to offer a predictive baseline for yield on stables staked through OISY as a first step. If there’s a path to achieving this through localized strategies rather than routing yield through external aggregators, we’re eager to explore that first.

Looking ahead, our upcoming points program is expected to be tokenized—unlocking the ability for third-party markets to emerge around speculation, forward pricing, and point-based trading. In effect, points become a new primitive, one rooted in user activity and tradable on open platforms.

I personally believe ICP has an opportunity to lead here with these platforms. With Chain Fusion acting as a compliant on/off ramp, and no dominant standard for tokenized illiquid assets yet established, this is a lane we’re well-positioned to explore.

We’re always looking to partner on solutions that can be built closer to home, so count us in on anything being worked on/developed

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