Community Vaults
Third-party strategy vaults with community capital. Future design, not live.
PLP is the protocol's own vault. The next step is to let others run vaults on the same accounting rails: a manager commits capital, accepts community liquidity, runs a strategy, and shares the outcome.
A strategy manager defines mandate, markets and risk limits.
The manager takes first-loss exposure alongside investors.
Investors deposit and receive vault shares priced by NAV.
The vault trades or makes markets within its declared limits.
Results accrue to share price and are distributed by ownership.
Investor economics
Investor PnL = Vault PnL × Ownership Share
You receive the same proportion of the result as the proportion of the vault you own — gains and losses alike.
Ownership Share = Your Shares / Total Shares Performance Fee = Profit × Fee Rate
A performance fee may apply to profit only. Fee rates are set per vault and are not fixed by the protocol today.
Vault types under consideration
Directional strategies across selected prediction markets.
Two-sided quoting focused on spread and inventory management.
Concentrated in one market category, such as crypto or sports.
Run by external market-making firms with their own risk systems.