Infrastructure
Locust Vault Framework
Description
This grant funds Margined to open-source their Locust vault framework—a tool that enables third parties to permissionlessly attract capital (via vault deposits) and subsequently manage the execution of a variety of strategies on dYdX. The vault contracts will reside on other Cosmos chains, such as Osmosis, and use a combination of Authz and Interchain Accounts to let executors (i.e., strategy managers) operate their strategies on dYdX.
As part of the grant, Margined will open-source the Locust vault framework they’ve developed, and provide documentation and user guides so that any sophisticated third party can easily launch its own strategy vaults. Margined will also deploy a dYdX strategy vault themselves.
The goal of the grant is to empower sophisticated third parties—who may lack sufficient capital to run strategies on dYdX—to use Locust vaults as a means of attracting the required balance sheet for those strategies.
