Vauld Review, Notes, and Referral Benefits

Vauld Logo

Sign up with Vauld using the referral link or referral code: sgci20, and receive the following rebates:

  • 20% of your trading fees under Pro trading
  • 2.5% of the interest paid out on your assets
  • 2.5% of the interest accrued on your loans
Table of Contents

Company

Build Wealth Automatically With Crypto

Vauld is a Singapore-based crypto platform founded by Darshan Bathija and Sanju Kurian. It was launched in 2018 Q4, and enables customers to buy, lend, borrow and trade crypto assets from one unified platform.

Business model

Have not found any concrete information but it should be based on DeFi and lending. Some information snippets found on various Vauld blog articles:

  • What Is DeFi: A Guide To Decentralized Finance
    • “Here at Vauld, we ensure the safety of customers’ assets by moving funds from the investor’s wallet to a centralized lending pool that’s insured for $100 million in BitGo.”

    • For the best DeFi platform, choose Vauld for all of your crypto needs. Whether you’re saving, borrowing, trading, or simply exploring the many possibilities of DeFi, we offer competitive rates and a seamless, unbeatable customer experience.”

  • Security at Vauld
    • We are a lending platform, so all of your funds have been moved from your wallet to a centralized lending pool, from which we give loans to borrowers.”

Earning rates

Interest earning rates listed here.

Examples [May 2022]:

  • BTC: 6.7% APY
  • ETH: 6.7% APY
  • USDC: 12.68% APY
  • USDT: 12.68% APY

Investors

The company has raised more than $27 million since its inception:

  • raised $25 million in Series A funding [29 Jul 2021]
    • led by Valar Ventures - a firm co-founded by PayPal founder Peter Thiel
    • Pantera Capital (Singapore based crypto VC), Coinbase Ventures, CMT Digital, Gumi Cryptos, Robert Leshner and Cadenza Capital also invested in the round.
  • raised $2 million [Dec 2020]
    • Pantera Capital, Coinbase Ventures, LuneX Ventures and others
  • $500,000 [Jun 2020]
    • LuneX Ventures and other angel investors

Major Developments

  • listed 275+ tokens in total [Jan 2022]

Presence in Singapore

Vauld operates under Defi Holding Pte. Ltd. (UEN: 202125959D), and is headquartered in Singapore but has the majority of its team in India.

Addressed published on Vauld website [May 2022]: 80 Raffles Place, #32-01 UOB Plaza, Singapore 048624

Regulation by Monetary Authority of Singapore (MAS)

Unknown. I cannot find Vauld or Defi Holding Pte. Ltd. under the list of entities currently exempted from holding a licence under the transitional arrangements in the Payment Services (PS) Act.

Social media

Ecosystem

Automatic Investment Plan (AIP)

Clients can mitigate market volatility by setting up an Automated Investment Plan to buy the dip or take advantage of dollar cost averaging by investing daily, weekly or monthly.

✔️ Unique Selling Proposition (USP)

Low trading fees on Pro Trading

Vauld provides access to liquidity of over $50M with only 0.1% maker fees and taker fees.

Transaction fees are 0.1% on all crypto pairs and the minimum trade order value is $10.

No fees charged for withdrawals

Vauld does not charge withdrawal fees. Only the required network fees would be deducted. Details on rates found here.

Security and insurance on assets

Vauld partners with BitGo, global leaders in terms of security and compliance when it comes to wallets and crypto assets.

The centralized lending pool is stored with BitGo and the funds managed through a multi signature system. Furthermore, the lending pool is insured for $100 million dollars against potential threats.

Social login

Conveniently login with the following accounts [as of June 2022] :

  • Apple
  • Coinbase
  • Facebook
  • Google
  • Twitter

Usage Notes and Tips

Account opening speed

I signed up with Vauld on a Sunday afternoon at 1:30 PM and submitted my KYC verification. By 4:30 PM the same day, the KYC verification was completed and my account was fully functional.

Interest calculation and payouts

  • customers earn interest on Vauld daily.
  • interest payouts are in-kind, meaning a deposit of Bitcoin earns interest in Bitcoin.
  • interest is credited weekly (every Monday), unless the assets are locked in a Fixed Deposit (FD) in which case the interest is credited once the FD matures.
  • assets locked in a limit order or being used as collateral for loan do not earn interest.

KYC limitations

The KYC requires access to a camera so you need to trigger the process from a laptop with a webcam, or a mobile phone.