{"id":"erc-4626","version":1,"language":"en","title":"ERC-4626","hidden":false,"content":"**The ERC-4626** tokenized vault standard is a standard protocol for tokenized vaults and is built on the [ERC-20](https://iq.wiki/wiki/erc-20) token standard. The standard was created to unify the technical parameters of yield-bearing vaults, making development, integration, and interoperability easier for vaults. It is meant to consolidate and standardize development efforts around “ERC-20 token strategies” such as borrowing & lending, [farming](https://iq.wiki/wiki/yield-farming), and [staking](https://iq.wiki/wiki/staking). [\\[1\\]](#cite-id-j29ttg5fh1)[\\[3\\]](#cite-id-tk6f3onfuj)  \n$$widget0 [YOUTUBE@VID](_UayAJaBo-U)$$  \n  \n# Overview  \n  \nThe Tokenized Vault Standard, ERC-4626 officially went live on March 18, 2022[\\[2\\]](#cite-id-zsrxvgdxtdr). The Ethereum Comment Proposal 4626 for the ERC-4626 standard was created by Joey Santoro[\\[9\\]](#cite-id-gago61i8n3q) — founder of [Fei Protocol](https://iq.wiki/wiki/fei-protocol), who partnered with [Ethereum](https://iq.wiki/wiki/ethereum) developers transmissions11[\\[4\\]](#cite-id-1plkjnrti88), Jet Jadeja[\\[5\\]](#cite-id-lz5sd6wbwme), Alberto Cuesta Cañada[\\[6\\]](#cite-id-kjfocm06ix), and Señor Doggo[\\[7\\]](#cite-id-flbnliq4pcm).  \n  \n## ERC-4626's Purpose  \n  \nThe lack of standardization for tokenized vaults presents challenges in integration and composability. Without a standard implementation, protocols must create their own adapters for lending markets, aggregators, and other interest-bearing tokens, resulting in errors, increased attack risks, and wasted development resources. Establishing a standard for tokenized vaults would streamline integration efforts, leading to more consistent and secure implementation patterns.[\\[3\\]](#cite-id-tk6f3onfuj)  \n  \nERC-4626 was developed with the goal of creating a standard that enhances composability and interoperability. To simplify the integration of yield-bearing tokens and address vulnerabilities, the team opted for a scalable and user-friendly approach. [\\[8\\]](#cite-id-vr7xtqa8b9j)  \n$$widget0 [YOUTUBE@VID](L8dijE5qhTg)$$  \n  \n# 4626 Alliance  \n  \nThe 4626 Alliance is a group of leading protocols and applications that share the mission of supporting the development and deployment of`ERC-4626` vaults:  \n  \nThe Alliance group was created to foster collaboration between [DeFi](https://iq.wiki/wiki/defi) projects and push the adoption of the ERC-4626 standard. Members of the 4626 Alliance establish a common bounty board for “4626 essentials.” They are voted on/built individually/jointly by members of the Alliance. [\\[10\\]](#cite-id-0uj2i5wtbr6)[\\[11\\]](#cite-id-p65ph88eane)  \n  \nThe Alliance Group also funds a common vehicle to distribute the costs and outsource through bounties the development of these “4626 essentials.” Each member of the Alliance commits $3k or more for this purpose. Alliances are also responsible for promoting the ERC-4626 standard through publication and events, and lastly, they create and maintain an open-source ERC-4626 resource library. [\\[10\\]](#cite-id-0uj2i5wtbr6)  \n   \nMembers of the 4626 Alliance include:   \n  \n* [Alchemix](https://iq.wiki/wiki/alchemix)  \n* Aztec  \n* [Balancer](https://iq.wiki/wiki/balancer)  \n* [Beefy Finance](https://iq.wiki/wiki/beefyfinance)  \n* Blockworks  \n* [Frax Finance](https://iq.wiki/wiki/frax-finance)  \n* Morpho  \n* [Mstable](https://iq.wiki/wiki/mstable-usd)  \n* [PoolTogether](https://iq.wiki/wiki/pooltogether)  \n* Sommelier Finance  \n* Superform  \n* [Yearn](https://iq.wiki/wiki/yearn)","summary":"ERC-4626 is a standard protocol for tokenized vaults on the Ethereum blockchain, aimed at unifying technical parameters and facilitating interoperability.","categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"promoted":0,"tags":[{"id":"Ethereum"},{"id":"Glossary"}],"metadata":[{"id":"references","value":"[{\"id\":\"j29ttg5fh1\",\"url\":\"https://ethereum.org/en/developers/docs/standards/tokens/erc-4626/\",\"description\":\"erc-4626 documentation\",\"timestamp\":1689847776678},{\"id\":\"zsrxvgdxtdr\",\"url\":\"https://twitter.com/joey__santoro/status/1504603906726240258?s=20\",\"description\":\"announcement\",\"timestamp\":1689849903577},{\"id\":\"tk6f3onfuj\",\"url\":\"https://erc4626.info/\",\"description\":\"erc4626 website\",\"timestamp\":1689850666698},{\"id\":\"1plkjnrti88\",\"url\":\"https://github.com/transmissions11\",\"description\":\"t11s github\",\"timestamp\":1689852645806},{\"id\":\"lz5sd6wbwme\",\"url\":\"https://github.com/JetJadeja\",\"description\":\"jet github\",\"timestamp\":1689852658193},{\"id\":\"kjfocm06ix\",\"url\":\"https://github.com/alcueca\",\"description\":\"alcueca github\",\"timestamp\":1689852670103},{\"id\":\"flbnliq4pcm\",\"url\":\"https://github.com/fubuloubu\",\"description\":\"senor doggo github\",\"timestamp\":1689852687041},{\"id\":\"vr7xtqa8b9j\",\"url\":\"https://medium.com/midas-capital/an-introduction-to-the-erc-4626-tokenized-vault-standard-with-infographic-cd814c00201f\",\"description\":\"medium - An Introduction To The ERC-4626 Tokenized Vault Standard\",\"timestamp\":1689854348957},{\"id\":\"gago61i8n3q\",\"url\":\"https://twitter.com/joey__santoro\",\"description\":\"joey's twitter\",\"timestamp\":1689855164582},{\"id\":\"0uj2i5wtbr6\",\"url\":\"https://medium.com/@erc4626/introducing-the-4626-alliance-e7a25e608f9b\",\"description\":\"medium - 4626 alliance\",\"timestamp\":1690560147532},{\"id\":\"p65ph88eane\",\"url\":\"https://erc4626.info/#bounties\",\"description\":\"alliance bounties\",\"timestamp\":1690560307559}]"},{"id":"website","value":"https://erc4626.info/"},{"id":"twitter_profile","value":"https://twitter.com/erc4626"},{"id":"telegram_profile","value":"https://t.me/erc4626alliance"},{"id":"github_profile","value":"https://github.com/transmissions11/solmate/blob/main/src/mixins/ERC4626.sol"},{"id":"commit-message","value":"added more info on alliances"},{"id":"previous_cid","value":"QmZVUrpvoSqkuW8PGUj9PHHHMqMcK5QRmSv1sdPzvoEPXs"}],"user":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb"},"author":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb","profile":{"username":"zainab","avatar":"QmPabyQDLVgKZJN8NQF9EixdgWo3JvLn7gnAWdVkETgMyu"}},"media":[{"name":"image","id":"QmbmmQoRDAn3BqGyGjfZLaazLJ4TrKSdf6pDsT3kNNWpbq","size":"0.15","type":"GALLERY","source":"IPFS_IMG"},{"name":"_UayAJaBo-U","id":"https://www.youtube.com/watch?v=_UayAJaBo-U","size":"0","type":null,"source":"YOUTUBE"},{"name":"L8dijE5qhTg","id":"https://www.youtube.com/watch?v=L8dijE5qhTg","size":"0","type":null,"source":"YOUTUBE"}],"views":15,"events":[{"title":"Date Founded","description":"The Tokenized Vault Standard, ERC-4626 officially went live on March 18, 2022","type":"CREATED","date":"2022-03","link":"https://twitter.com/joey__santoro/status/1504603906726240258?s=20"}],"ipfs":"QmZVUrpvoSqkuW8PGUj9PHHHMqMcK5QRmSv1sdPzvoEPXs","transactionHash":"0x87af4d018079721d9499700a11a782fa8f5bb1332073aae794c701f52ee4673d","created":"2023-07-20T12:13:36.785Z","updated":"2023-07-20T12:13:36.785Z","images":[{"id":"QmSMu1PYSMq2DJpRcF5aWV7VcDJEnHyaEn1TgR9WaFA3fV","type":"image/jpeg, image/png"}],"linkedWikis":null}