Origin Vault
The pre-deposit phase of the Axis ecosystem vault, curated by the Axis core team and hosted via Upshift.
Overview
The Origin Vault is the pre-deposit phase of the Axis ecosystem vault, curated by the Axis core team and hosted via Upshift. Its mandate is to grow the supply of USDx and seed its distribution across DeFi by seeding the markets USDx trades in.
Season 1 of the pre-deposit opened July 29 and runs until August 5. Deposit USDT or USDC to earn yield and Coordinates from day one. Fees are waived for the entire time the pre-deposit runs. When the pre-deposit phase ends, the Origin Vault converts into the ongoing Ecosystem Vault.
At a glance
What it is
Pre-deposit phase of the Axis ecosystem vault
Mandate
Grow the supply of USDx and seed its distribution across DeFi
Initial cap
$100M
Deposit assets
USDT or USDC
Chain
Ethereum
Position token
ogUSDx
Fees
Waived
Rewards
~10 Coordinates/day + Multiplier (2x for depositors in the first $50M, 1.75x for the second $50M)
Lock-up
30-day hard lock
How yield works
Yield accrues through share-price appreciation, denominated in USDx. The vault earns, and the price of your position token rises over time, your token balance stays the same. There are no manual claims and no rebasing: the value simply accrues into the position.
Phases
Pre-deposit (Origin Vault)
30-day hard lock
Locked until the phase ends
Ecosystem Vault (after conversion)
Soft lock
7-day withdrawal period
Rewards & referral
Depositors earn Coordinates, the Axis rewards points. Season 1 of Coordinates began July 29. Depositors in the first $50M are set at a 2x multiplier for all their deposits in the Origin Vault. Depositors in the second $50M are set at a 1.75x multiplier.
The Coordinates and referral program is live at app.axis.to/coordinates, where you can see your Coordinates, create an invite link and set what you share with the people you invite.
Next steps
USDx Quickstart: how to mint, stake, and unstake USDx
What is USDx?: the Axis Dollar and how it works
FAQ
Where do the returns come from?
The Axis engine runs a delta-neutral arbitrage strategy, closing price variations across trading venues. Returns come from real market activity, not from token emissions or incentives. That is why the base return is a verifiable 10-20%, and why it holds across market conditions rather than depending on a bull market.
Is the 10-20% APY real, or a promo rate?
Real. Performance is independently verified by Accountable and the Axis Transparency Dashboard, and the strategy has a multi-year track record behind it. It is a net range.
What happens when funding rates go negative?
Our strategy does not rely on funding rates, we profit from spot price dislocations. Also, delta-neutral does not mean single-strategy. The Axis engine runs multiple uncorrelated sources of return at once. When one compresses, capital rotates to the others. The strategy is built to hold up when any single source turns unfavorable.
Where can I verify performance?
You can head to the Axis Transparency Dashboard to verify the engine's performance.
Is the Origin Vault the only way to access the strategy?
No. The strategy itself is not gated, and sUSDx gives permissionless access to the same engine at any time. What the Origin Vault opens is the chance to be early and receive a 2x multiplier on the first $50M. For a limited window, your deposit helps bootstrap the balance sheet and seed the early liquidity that compounds into network effects, and Axis Origin rewards the capital that shows up first.
Is there a minimum deposit size?
No, there is no minimum deposit size.
What is USDx?
USDx is a synthetic dollar backed by the collateral and delta-neutral Axis positions. When you deposit, your capital sits in the Axis engine. USDx mints at vault close. Staking USDx into sUSDx earns Axis performance, and continues your loyalty clock.
See What is USDx? to learn more.
How do I deposit?
Deposit USDT or USDC into the Origin Vault on Ethereum L1, starting July 29. The vault is enabled by Upshift.
Is there a lock?
Yes. Deposits carry a mandatory one-month lock after the window closes.
What is the Multiplier?
Depositing from July 29 puts you on a Multiplier applied to your accrual. Depositors in the first $50M are set at a 2x multiplier for all their deposits in the Origin Vault. Depositors in the second $50M are set at a 1.75x multiplier.
What are Coordinates?
Coordinates are your position on the Grid, the map of every depositor's standing in Axis Origin. You accrue them on your deposited balance over time, scaled by your Multiplier.
Is my deposit safe?
The onchain contracts behind the vault have been independently audited by OpenZeppelin, with zero critical issues. The Axis team has been operating this same strategy, together, for 8 years already.
Is there a cap?
Yes, $100M. The deposit window runs July 29 to August 5, and closes earlier if the cap fills.
What is the deadline?
The window closes August 5, or when the cap fills, whichever comes first. Given expected demand, plan for sooner rather than later.
Who is behind Axis?
Axis is led by industry veterans with decades of experience in capital markets, digital assets, and financial infrastructure. Our team has delivered consistent, risk-adjusted returns since 2018 while maintaining exceptional liquidity and scale as the leading delta-neutral arbitrageur in crypto markets.
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