Participants & Roles

Vault Curators. Provide the base capital for execution. They deposit assets into vaults, which are temporarily used by operators to settle trades. Their deposits cannot be lost in net terms, because a fallback sequence guarantees return of principal. In exchange, curators earn yield from trades that use their capital.

Operators. Participate in YODL by managing orchestrator contracts, signing trades, and maintaining reserves. To do so, they stake YODL tokens as collateral. If a settlement creates a deficit when returning capital to the vaults, the operator’s stake is first used to cover that shortfall.

YODL AVS. Acts as the coordination layer between external aggregators and the YODL protocol. A relayer transmits incoming orderflow from aggregators to the AVS, which detects Coincidence of Wants (CoW) opportunities and prepares them for operator execution.

Liquidity Committers (LCs). Contribute LP tokens or lending receipts as collateral. These assets remain productive in their original protocols while also serving as secondary defense in YODL’s settlement process. LCs earn base yield plus a share of settlement-linked yield.