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Vaults Mechanics

The concept of vaults is simple. TempleDAO earns revenue through its various farming strategies which is then distributed to users who lock their $TEMPLE in a “vault”. A vault acts like a tranche of token holder claims against the $TEMPLE generated by the increase in Treasury assets for the lock period.
Over the next few pages, let’s work through step by step how the revenue is allocated per vault and by assuming three different vaults with an equal amount of $TEMPLE initially locked into each.