SAMS stands for Single Asset Multi Strategy vaults. SAMS vaults are one of the inaugural product of FortiFi. These vaults require a single asset to be deposited and automated into several underlying sub-strategies. This provides access to diverse yields through several underlying farms, all in a single gas-efficient click.
SAMS vaults will have three featured at launch, including ETH, BTC.b, and AVAX.
Infographic for how SAMS Vaults and MASS Vaults operate with underlying Sub-Strategies.
What is a MASS Vaults?
MASS stands for Multi Asset Single Strategy vaults. MASS Vaults MASS vaults are akin to traditional ETFs, providing a single token that represents a diversified basket of cryptocurrencies. The key distinction between ETFs and MASS vaults is that unlike in ETFs, each asset in a MASS vault is yield-bearing. Underlying assets in MASS Vaults are deployed to unique sub-strategies. This means users constantly generate yield while balancing asset exposure automatically to different assets.
These MASS vaults are multi-asset as they derive yield across several underlying currency positions. Each underlying currency in the vault has a single underlying strategy per asset. This is key for proper risk management.
MASS vaults will have two featured at launch, including the Avalanche Stability Vault (avaSV) and the Arbitrum Stability Vault (arbiSV).
FortiFi charges depositors up to an 8% performance fee on profits generated in the vault. No Deposit or Withdraw fees are present on SAMS and MASS Vaults.
FortiFi aims to be one of the cheapest vault protocols on the market, charging only a 4-8% performance fee on SAMS and MASS Vaults. Most other vault platforms and yield aggregators charge a performance fee of 10-60% on profits.
Vaults & Protocol Governance
These two styles of vaults will be the first product taken cross chain — each new deployment will be ratified by protocol governance.
FortiFi received smart contract audits on both SAMS and MASS Vault architectures from Blaize Security. FortiFi passed our audits on both SAMS Vaults and MASS Vaults. Full Audit reports can be found here.