> For the complete documentation index, see [llms.txt](https://docs.axis.to/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.axis.to/origin-vault/origin-vault.md). # Origin Vault The pre-deposit phase of the Axis ecosystem vault, curated by the Axis core team and hosted via Upshift. {% hint style="info" %} **The Origin Vault pre-deposit is live.** Season 1 opened **July 29** and the deposit window closes **August 5**, or earlier if the cap fills. The parameters are: * **Season 1 start date.** July 29 * **Initial cap.** $100M * **Rewards.** \~10 Coordinates/day + Multiplier (2x for depositors in the first $50M, 1.75x for the second $50M) * **Lock-up.** 30-day hard lock * **Position token.** ogUSDx * **"Coordinates"** points branding {% endhint %} ## Overview The **Origin Vault** is the **pre-deposit phase** of the Axis ecosystem vault, curated by the Axis core team and hosted via [Upshift](https://upshift.finance). 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 | Phase | Lock-up | Withdrawals | | -------------------------------------- | ---------------- | --------------------------- | | **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](https://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](/start-here/quickstart.md): how to mint, stake, and unstake USDx * [What is USDx?](/usdx-the-synthetic-dollar/usdx.md): 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](https://axis.accountable.capital) 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?](/usdx-the-synthetic-dollar/usdx.md) 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](https://upshift.finance). **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](https://www.openzeppelin.com/news/axis-coordinate-v2-contracts-audit), 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](https://axis.to/about) 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. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. 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