Standards-based composability

The Centrifuge protocol leverages tokenized vault standard for investments and redemptions of share tokens.

Vault types

The protocol supports asynchronous and synchronous vaults for investments.

Asynchronous vaults

Asynchronous vaults are fully request-based and follow the ERC-7540 standard. They allow both deposit and redemption actions to be handled through an asynchronous workflow, using the Centrifuge Hub to manage requests.

Synchronous deposit vaults

These vaults follow a hybrid model using both ERC-4626 and ERC-7540. Deposits are executed instantly using ERC-4626 behavior, allowing users to receive shares immediately. However, redemptions are handled asynchronously through ERC-7540, using the Hub to queue and manage the withdrawal requests.

Pooled vaults

It is possible to support multiple investment assets per share token, using the ERC-7575 standard. Liquidity from all vaults is aggregated into a single balance sheet, to be allocated efficiently across all assets.