> For the complete documentation index, see [llms.txt](https://docs.vultrprotocol.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.vultrprotocol.com/introduction.md).

# Introduction

<figure><img src="https://279105750-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FoeUfayaPZ2c6JvVxGl0X%2Fuploads%2Fnbt4L5PYlS8ogQlBjnbC%2FTwitter%20header%20-%201.png?alt=media&amp;token=5b32f916-c342-44bf-8759-a7ced46090d9" alt=""><figcaption></figcaption></figure>

**What is VULTR Protocol?**\
\
**VULTR Protocol** is a **Solana-based liquidation vault** designed to give users simple, non-custodial exposure to liquidation-driven yield.

Users deposit **USDC** into the vault and receive **vault share tokens** (often referred to as *sVLTR*) that represent their pro-rata claim on the vault. As the vault earns liquidation profit, the **value per share increases** over time.

**Tagline:** *Circle. Wait. Feast.*

***

### What VULTR Includes

VULTR is an end-to-end system, not a single contract:

#### 1) On-chain Programs (Solana / Anchor)

* Vault deposit and withdrawal flows
* Share minting and burning mechanics
* Profit accounting and share value growth
* Bot-only capital management functions (borrow/repay/writeoff)
* VLTR staking and permissionless reward claiming

#### 2) Liquidation Bot

* Continuously scans for liquidatable positions
* Enforces safety guardrails (oracle freshness checks, slippage controls, circuit breakers, idempotency)
* Executes liquidations and returns profits to the vault

#### 3) Frontend App

* Wallet connection and vault actions
* Portfolio and position display
* Yield/leaderboard visibility
* Transaction history and protocol activity

#### 4) Data + Operations Layer

* Database tables for users, transactions, snapshots, liquidations, and leaderboards
* Scheduled jobs to compute protocol/user snapshots
* Edge functions for authentication and supporting app flows

***

### Where to Access VULTR

* **Website:** vultrprotocol.com
* **App:** app.vultrprotocol.com