Placeholder copy for a design mock. Vesica is not a real protocol, none of this has been near a lawyer, and none of it is legal advice. It is here to show what belongs on the page — anything shipping for real needs its own drafting and its own review.
What Vesica is
Vesica is software. It runs ERC-4626 vaults, each holding one concentrated liquidity position in a single USDG / Stock Token pool, and it re-centres that position on the oracle price. You deposit USDG, you receive vault shares, and you redeem those shares whenever you want.
There is no account, no custody and no intermediary. Using the contracts is between you and the chain; this site is only one way to reach them.
No advice, no offer
Nothing here is investment, tax or legal advice, and nothing here is an offer or a solicitation to buy or sell anything. The figures on the site — APR, TVL, prices, capacity — describe what the contracts did. They are not a recommendation to act on it.
Whether any of this suits you is your call, and worth taking to someone qualified before you make it.
Who can use it
You are responsible for whether you may lawfully use the protocol where you are. Tokenized equity is regulated differently in almost every jurisdiction and some place it out of reach entirely. If your law says no, this page does not override it.
You must be of legal age where you live, and you must not be subject to sanctions.
Your wallet is yours
You hold your keys. Nobody here can move, freeze or recover your funds, and nobody here can restore them if you lose access. A transaction you sign is final the moment the chain accepts it.
Anything that asks you for a seed phrase is a theft in progress, whatever it claims to be.
The vaults are software, and software breaks
The contracts are provided as is, without warranty of any kind. Audits reduce risk; they do not remove it. A rebalance can be badly timed, a keeper can be late, a dependency can fail, and a bug can survive review.
To the fullest extent the law allows, nobody involved in building this is liable for losses arising from your use of it. The risk disclosure is the part of this document worth reading twice.
Fees
No deposit fee, no management fee, no lock-up. The only protocol fee comes out of the trading fees the position earns, split 70% compounded back into the position, 20% to buy back and burn VESICA, 10% to the treasury.
Network gas and the pool’s own swap fee are separate, and they are yours.
Caps, pauses and stale feeds
Every vault has a hard deposit cap, and deposits close when it fills. Vaults can be paused one at a time. Rebalances and deposits need fresh Chainlink price and sequencer feeds, and they wait rather than guess when a feed is stale.
Redemptions are deliberately the last thing any of this touches. A paused or stale vault still lets you out.
Tokenized stocks are not stocks
A Stock Token tracks a price. It is not the share, and holding one through a vault gives you no shareholder rights: no vote, no dividend unless the issuer explicitly passes one through, no claim on the company.
What the token is worth depends on the issuer backing it and the market pricing it, and both are risks of their own.
Changes
These terms can change. The version in force is the one on this page, and the date in the margin says when it last moved. Continuing to use the protocol after a change is how you accept it.
A real deployment would put a contact address here. Vaults.