Status
What vBETTER is planned to be
vBETTER is the name BETTER uses for future vault receipt tokens.
The current direction is that a receipt token represents a share of a specific BETTER vault. If BETTER launches more than one vault, that can mean separate receipt tokens for separate vaults.
What one token is meant to represent
The intended design is that one receipt token represents one net share of a specific vault after the vault's shares are created.
In practical terms, it is meant to be the transferable accounting layer for a future vault position.
Planned issuance flow
BETTER's current direction is:
- users stake the qualifying
$BETTERamount and deposit into a future vault - once deposits are finalized, the vault share structure is created
- the vault's receipt token is minted automatically
BETTER may use names such as vBETTER1, vBETTER2 and so on if different vaults need separate receipt tokens.
Planned redemption flow
The current description is that receipt tokens are redeemed when a user fully exits the related vault position and unstakes the qualifying BETTER.
BETTER does not plan to support partial withdrawals in the initial vault launch, so the first receipt-token design is expected to follow that same full-exit logic.
Accounting layer
BETTER plans to use Enzyme Onyx as the accounting layer for future vault receipt-token infrastructure.
The intended accounting direction is:
- Polygon-based accounting
- accounting updates tracked block by block
- automated mint and burn tied to the vault's share accounting
Why BETTER wants receipt tokens later
Receipt tokens are planned so future vault exposure can become:
- easier to transfer
- easier to account for on-chain
- more compatible with future liquidity or DeFi integrations
Pricing and secondary markets
vBETTER is expected to trade in the market once live, which means it can trade above or below the implied value of the vault it represents.
The exact premium/discount controls, arbitrage behavior and secondary-market safeguards are still being finalized closer to launch.
Availability
BETTER plans to add receipt tokens after the initial vault infrastructure is live and stable.