If you've landed on this page, you've probably heard about Vault and want to know whether it's actually safe before you put your savings in. That's exactly the right question to ask.
We'd rather answer it honestly than lose your trust later.
The short version
Vault is a pre-launch savings app in the process of obtaining ADGM regulatory approval. It offers ~5.4% on USD deposits with no lock-in and no fees. The rate comes from fees paid by institutional borrowers — not a promotional rate, not a bank subsidy.
There are real risks. We'll explain each one below.
"Is the rate guaranteed?"
No. The ~5.4% is the current variable rate — it changes based on borrower demand in the lending market that powers Vault. It is not guaranteed, and it is not a promotional teaser rate with a cliff at the end.
The return comes from fees paid by institutional borrowers who use the Sentora lending market on Solana. When borrowing demand is high, the rate rises. When it falls, the rate falls. This is a different cycle from the Fed rate — it's driven by institutional demand for liquidity, not central bank policy.
The 5.4% figure we use is conservative. The current verified rate has been tracking around 5.7%. We use 5.4% as our public messaging floor.
"Is my money locked up?"
No. You can withdraw at any time — there is no lock-in period. Settlement happens through Solana, which typically completes in seconds. We don't impose waiting periods, redemption fees, or notice requirements.
"Is Vault regulated?"
Not yet. Vault (operated by Prometheus Labs) is in the process of applying for regulatory approval from ADGM Financial Services Regulatory Authority (FSRA), Abu Dhabi's financial free zone regulator. We are not yet licensed.
This is the most important risk to understand. Before ADGM approval, Vault operates as a pre-launch product. You are not covered by the ADGM Investor Protection Scheme at this stage.
We are being transparent about this because we believe you should know it before depositing. We chose ADGM because it has one of the most developed virtual asset frameworks in the world and because we believe that regulation — when it comes — will make Vault better and more trusted.
"Could the rate disappear?"
In theory, yes. The ~5.4% rate includes a PYUSD incentive component (approximately 4.5% of the total) funded by the PYUSD Growth Initiative run by Sentora and Kamino. If that incentive program ended, the base return would drop to approximately 1.2%.
We have confirmed the program is active as of February 2026. PayPal has signalled continued commitment to PYUSD liquidity through its $1B AI incentive programme. But we cannot guarantee the incentive will continue long-term.
If the rate changes materially, we will notify users promptly. We will never trap funds — you can always withdraw.
"What happens if the underlying platform is hacked?"
Vault deposits go into the Sentora PYUSD vault on Kamino, a lending platform on Solana. Kamino's infrastructure is professionally maintained and has operated without a major exploit since launch. Sentora is one of the largest institutional lending platforms operating on digital infrastructure today.
Platform security risk is real. Audits reduce the risk but don't eliminate it. This is the honest answer.
Vault does not provide platform security insurance at this stage. We are actively evaluating insurance options and will update this page when we have more to share.
"Is the company real?"
Yes. Vault is built by Prometheus Labs, a team registered in the UAE. We are pursuing ADGM Tech Startup Licence status. The product is live at vlt.money and the waitlist is open.
We don't publish a list of investors because we haven't raised a public round. The team has professional backgrounds in fintech and distributed systems.
"Why should I trust Vault over a bank?"
You should weigh both sides:
What Vault offers that banks don't:
- ~5.4% on USD with no conditions, no salary routing, no minimum balance
- No fees
- No lock-in
- Returns from borrower demand rather than bank margin decisions
What UAE banks offer that Vault doesn't:
- CBUAE regulation and deposit protection
- Decades of operating history
- Physical branches and customer service infrastructure
- ADGM or DFSA licensing (pending for Vault)
For most people, the right answer is probably both: keep your operating expenses at a regulated bank, and consider Vault for idle savings you don't need immediate access to.
"Who else is building products like this?"
The closest comparable product globally is Aave App, which launched in the US in late 2025 offering ~5% on USD with no jargon or technical complexity. It is not available in the UAE.
In the UAE, the closest regulated alternatives are StashAway Simple (3.6%) and Sarwa Save+ (~3.2% net after their 0.5% fee). Both are fully regulated and use money market funds that track the Fed rate — a different mechanism from Vault.
The honest summary
| Factor | Status |
|---|---|
| Rate | ~5.4% variable, not guaranteed |
| Lock-in | None — withdraw anytime |
| Regulation | Pursuing ADGM — not yet licensed |
| Platform security risk | Present — Kamino audited but not insured |
| Rate sustainability | Active as of Feb 2026, incentive could end |
| Company | Prometheus Labs, UAE, pre-revenue |
If the above feels acceptable for a portion of your savings, join the waitlist. If not, StashAway Simple and Sarwa Save+ are the best-regulated alternatives at lower rates.
We'd rather you make an informed decision than a fast one.
Rate data current as of March 2026. Vault is in the process of obtaining ADGM regulatory approval and is not yet licensed. ~5.4% is variable and not guaranteed.
