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How Concrete Vaults actually work

My name is Heorhii, and one of the most common questions new users have when interacting with DeFi vaults is deceptively simple. You deposit assets, you receive shares, and over time your balance increases. However, behind this straightforward experience sits a structured system of capital allocation, accounting, and automated management. Understanding how Concrete vaults work requires looking beyond the interface and focusing on the underlying mechanics that connect vault shares, eRate, NAV,...

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