Virtual Vaults by Space and Time
Custom credit vaults, secured by cryptographic proofs
Vaults without tradeoffs
Capital looking for collateralized credit has a full menu of options today, and each one comes with a constraint. Pooled DeFi vaults move quickly but bind every depositor to protocol-set terms and a shared risk pool. Attestation reports and proof-of-reserve snapshots prove collateral existed last Tuesday at 4pm, and stop being true the moment they're published. Tri-party custody arrangements buy you verification at the cost of a third counterparty in every move you want to make.
Virtual Vaults remove the tradeoff. You structure the vault to your deal, including collateral mix, haircuts, margin thresholds, and liquidation logic, while Space and Time generates continuous, tamperproof proof of vault state. The lender verifies collateral the instant it moves, the borrower keeps custody, and neither side waits on a third party to tell them what's true.
Configure, monitor, automate, audit.
Structure vaults to your deal
Define eligible collateral, haircuts, margin thresholds, and liquidation logic for each counterparty relationship. Every vault is structured around the negotiated deal rather than a protocol's chosen defaults.
Verify collateral in real time
A continuously updated view of vault composition, balance, and proof events. Lenders read directly from the same cryptographic state the borrower posts, with no waiting on reports and no reconciling positions across desks.
Automate margin and liquidation
Set the rules once and let proven onchain state trigger them. Margin calls, top-ups, and liquidations execute on tamperproof data, with no manual reconciliation between desks and no disputes over what the collateral was when the threshold breached.
Audit every state change
A complete, tamperproof history of every vault movement with the underlying proof attached. Compliance, risk, and your counterparty all reference the same source of truth, exportable for internal audit and regulatory review.
A vault, a proof, and a verifying counterparty.
1. Borrower posts collateral
Assets are deposited into a Virtual Vault structured to the lender's terms. The borrower retains custody and operational control of the position.
2. Space and Time generates proofs
Vault composition, balance, and state are continuously verified onchain with tamperproof cryptographic proofs covering every change.
3. Lender verifies and automates
Lenders read proofs directly into their risk systems, with margin calls, top-ups, and liquidations triggering on cryptographically proven state.
For Lenders
→ Real-time, verifiable collateral state.
→ Automated margin and liquidation triggered on proven data.
→ Lower counterparty risk and tighter credit pricing.
→ Underwrite on cryptographic certainty, not custodian trust.
For Borrowers
→ Retain custody and operational control of your collateral.
→ Better terms by closing the information gap with your lender.
→ Demonstrate solvency continuously, no manual reporting.
→ Move capital faster across counterparty relationships.
Verifiable collateral for existing vaults
Lending protocols can extend their existing vault offerings with cryptographically verifiable collateral, without rebuilding their risk engine or replacing what already works. Virtual Vaults plug in as a new vault type alongside your current markets, giving your users tamperproof proof of collateral state on every position.
Protocols integrating Virtual Vaults differentiate on continuous cryptographic verifiability of every collateral position, support per-counterparty deal structures that pooled-vault models can't accommodate, and extend their addressable market to institutional credit relationships that need bespoke terms.
Why Space and Time
The data blockchain securing onchain finance
Verifiable by design
Onchain finance depends on data: balances, history, reserves, usage, and real-world inputs. Space and Time is designed to make that data verifiable and easily consumable across financial applications.
Built for onchain finance
Space and Time combines blockchain indexing, secure offchain data, and ZK proofs in a single system. It's built to support real financial use cases that operate across onchain and offchain systems.
Ready for production
Space and Time is built to support real financial workloads, from DeFi protocols and stablecoins to tokenized assets and institutional use cases. It provides the reliability, transparency, and scale required for financial systems.