# Staking Contracts

### **loAZND Vault**

The loAZND Vault enables users to deposit AZND and receive loAZND, a yield-bearing token representing a share of the vault’s underlying real-world asset (RWA) strategies. Yield is generated off-chain and reflected in loAZND’s value through periodic repricing.

#### **Overview**

| **Parameter**     | **Description**                        |
| ----------------- | -------------------------------------- |
| **Standard**      | ERC-4626 vault                         |
| **Deposit Asset** | AZND                                   |
| **Receipt Token** | loAZND                                 |
| **Reward Source** | Yield from underlying RWA pool         |
| **Redemption**    | AZND share value after cooldown period |

#### **Key Mechanics**

* **Deposit & Mint** – Users deposit AZND to mint loAZND, which represents their proportional ownership in the vault.
* **Yield Accrual** – Vault yield is distributed via price repricing, increasing loAZND’s redeemable value over time.
* **Cooldown Period** – Withdrawals are subject to a protocol-defined cooldown before redemption.
* **Redemption** – Upon cooldown expiry, loAZND is burned and AZND is returned at the updated price.
* **Admin Controls** – Role-gated functions for updating vault parameters, reward rates, and integration settings.
* **Security** – Built with audited contracts, upgradeable architecture, and timelocked admin actions to ensure protocol safety.


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