Description
Theta Vault, introduced in CVI v3 and built on the CVI AMM, is the sole gateway for adding and removing liquidity from that AMM. It deposits liquidity as collateral, mints and burns volatility tokens, and places them on decentralized exchanges. Because it owns both AMM and DEX liquidity, it receives DEX swap fees, minting and burning fees, time-decay fees, and P&L from CVI index decrement, operating as a structured product for liquidity providers and volatility-token traders.