// PROTOCOL

How Vault protects funds

// Custody

Funds live in escrow, not in a company wallet

Every contribution lands in that campaign’s escrow address on Solana - a program-controlled account. No Vault operator key can sign transfers out of it. Release conditions (goal met, timing windows) are checked inside the program on every state transition, not attested to off-chain by Vault.

SOL leaves escrow only through the program, and only three ways: settlement to fulfill the campaign on success, refund to contributors on failure or cancellation, and fee collection at settlement or refund. No other exit path exists.

// Operator Boundary

What Vault can and cannot do

Can
Cancel an active campaign into refunds
Vault can cancel a live campaign, which sends it into the refund path - funds go back to contributors, not to Vault.
Can
Update keys and configuration for future campaigns
Vault can rotate its own treasury and configuration keys. These changes affect campaigns created after the update; they do not touch the escrow balances of any existing campaign.
Cannot
Take escrowed funds or redirect them to itself
No instruction in the program moves escrow funds outside the defined paths: contributors put funds in, contributors or settlement take them out. Cancel routes funds back to contributors.
Cannot
Block or delay a refund once refunding has begun
Once a campaign fails or is canceled, refunds are processed. Vault cannot pause this.
Cannot
Change a campaign's fee terms after it is created
Fee rates and caps are locked onto each campaign at creation. A change to global configuration only affects campaigns created afterward.
Cannot
Stall or block the campaign state machine
Campaign state transitions are driven by the protocol. If Vault goes offline, campaigns continue through their lifecycle on-chain.

// Refund Guarantee

Refund automation

Eligible refunds are normally processed automatically when a campaign enters its refund state. The underlying protocol is designed so that refund rights do not depend solely on Vault manually deciding whether to return contributor funds.

You may not get back every lamport. A processing fee is deducted from your refundable principal, and contribution fees and tips are non-refundable - see the fee schedule.

If a successful campaign is not settled before its execution deadline, it falls back to refunding. Failure always wins over an unsettled execution - you keep a refund exit even after funding.

// Wallet Safety

Your wallet is yours

Vault never asks for a seed phrase, recovery phrase, or private key. No page, email, or message from Vault will ever request one. If anything appears to, treat it as a phishing attempt and close it.

Every action you take on Vault - contributing, tipping - is a transaction you sign in your own wallet. Read the transaction preview before you approve.

// Audit & Status

Where we are

An internal security review has been completed. No third-party audit has been completed to date. External audit results, when available, will be published here with the auditor’s report. Until then, the internal review is the only audit claim Vault makes.

// Contributor Protection

What contributor protection means

When you contribute through Vault, your contribution is not simply sent to the campaign creator. Contributions are held in campaign-specific on-chain escrow while the campaign is active, and the campaign’s outcome determines what happens next.

If the campaign succeeds, funds are used to fulfill the campaign’s stated purpose - Vault purchases or arranges the associated service or deliverable according to the campaign. If the campaign does not succeed, eligible refunds are processed automatically according to the campaign and protocol rules.

This removes the need for contributors to rely solely on a campaign organizer’s promise to voluntarily return unused funds.

// Charity Campaigns

Charity campaigns refund differently

A charity campaign uses a flexible threshold set at creation, so it can release funds without reaching the full goal - and it skips the waiting window.

If you contribute to a charity campaign that reaches its threshold, you are not eligible for a refund, even if the full goal is never reached. This is not the all-or-nothing model most contributors expect - check the funding policy before you contribute.

// Unsupported Assets

Send SOL only

Campaign escrow accounts hold SOL only. Sending any other asset - SPL tokens, NFTs, or anything from another blockchain - to a campaign escrow address is not supported. The program has no instruction to retrieve or transfer non-SOL assets, so there is no recovery path. If you send an unsupported asset it may be permanently inaccessible. Only send SOL using the Vault application.

// The Bottom Line

What this protects, and what it does not

// PROTECTS

  • Campaign funds during the funding period
  • Defined campaign outcomes
  • Failed-campaign refund eligibility
  • Transparent on-chain activity
  • Purpose-bound successful funding

// DOES NOT COVER

  • The future price of a token - Vault does not protect against loss of value in any token or project.
  • The legitimacy or future conduct of a project - a funded campaign does not guarantee the project, creator, or beneficiary performs.
  • Investment returns - contributing is not an investment - it entitles you to no return, equity or dividend.
  • Wallet compromise - Vault cannot protect you from phishing, key theft, or signatures you approve unknowingly.
  • Unsupported assets sent incorrectly - campaign escrow holds SOL only; anything else has no recovery path.
  • Failures originating from third-party services - fulfillment may depend on providers outside Vault's direct control.
  • Every possible smart-contract or blockchain risk - programs have undergone internal review only; no third-party audit to date.
  • A guarantee that the underlying project will succeed - escrow protects the funding process, not the outcome.

// Responsible disclosure

Found a vulnerability?

Report suspected vulnerabilities privately at security@vault.ky before disclosing them publicly, and include reproduction steps and an impact assessment.

// NEXT STEP

Protections are enforced by the protocol, not by our goodwill. See what communities are funding right now.

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NOT FINANCIAL ADVICE.