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Smart Contract Vault

Definition

A Smart Contract Vault is a decentralized application that securely holds and manages digital assets according to predefined rules. These vaults are programmed to execute specific actions, such as distributing rewards, enabling collateralized lending, or facilitating automated investment strategies, without the need for human intermediaries. Assets locked within a smart contract vault are governed by the code, which ensures transparency and immutability of operations. They are a fundamental building block for various decentralized finance applications.