Choose Your Risk Profile
Estate Royalty vaults mirror institutional real estate structures. Each tier offers a different position in the capital stack—from conservative income to growth-focused exposure. Select the vault that matches your investment goals.
Understanding the Waterfall Structure
Traditional Comparison: Just like institutional real estate deals have preferred equity, mezzanine debt, and common equity, Estate Royalty vaults create similar structures on-chain.
Payment Priority: When rental income arrives, Senior vault holders are paid first (like preferred equity). Junior receives next. Reserve holders receive whatever remains (like common equity).
Risk-Return Tradeoff: Lower tiers accept more volatility in exchange for higher potential returns. Higher tiers sacrifice upside for stability and payment priority.
Senior Vault
ConservativeStable LP Yields
The Senior Vault holds LP tokens (not direct property tokens) for stable, predictable returns. First claim on rental income distributions with lowest risk exposure among vault tiers.
How This Vault Works
- Deposits are converted to LP tokens for leveraged exposure
- LP tokens generate yield from protocol liquidity strategies
- Senior vault receives distributions before all other tiers
- Monthly USD-denominated payouts to vault depositors
- Yield is stable and predictable due to LP token mechanics
Suitable For
- Income-focused investors
- Conservative capital allocation
- Long-term wealth preservation
- Those preferring stability over max returns
Risk Factors
- Lower returns compared to other tiers
- LP token exposure (not direct property ownership)
- Capital is locked during distribution periods
Vault Metrics
Junior Vault
VariableVariable High Yield
The Junior Vault holds LP tokens with amplified yield potential. Returns are variable and can reach up to 200% in favorable conditions. Receives distributions after Senior obligations are met.
How This Vault Works
- Deposits are converted to LP tokens for leveraged yield
- Higher leverage ratio than Senior for amplified returns
- Receives distributions after Senior vault obligations
- Returns are variable based on market conditions
- Benefits from rental income growth and LP performance
Suitable For
- Growth-oriented investors
- Those comfortable with variable returns
- Experienced DeFi participants
- Investors seeking high upside potential
Risk Factors
- Returns are highly variable
- LP token exposure with higher leverage
- Distributions depend on Senior being satisfied first
- May receive reduced payouts in volatile periods
Vault Metrics
Reserve Vault
MaximumDirect Token Exposure
The Reserve Vault holds property tokens directly—not LP tokens. This gives you full exposure to rental royalties and token appreciation. Maximum possible yield because you receive the actual property income.
How This Vault Works
- Holds property tokens directly (like $BAHARI)
- You receive actual rental royalties, not LP yields
- Full exposure to rental income and token appreciation
- No leverage or LP token abstraction
- Maximum yield potential with direct ownership benefits
Suitable For
- Those wanting direct property exposure
- Long-term believers in tokenized real estate
- Investors seeking maximum yield
- Those who prefer simplicity over LP mechanics
Risk Factors
- Full exposure to property market volatility
- No risk buffering from LP structures
- Longer lock periods required
- Direct correlation to property performance
Vault Metrics
Compare Vaults
Side-by-side comparison to help you choose
| Feature | Senior | Junior | Reserve |
|---|---|---|---|
| Target APY | 11-13% | Up to 200% | Max Possible |
| Holds | LP Tokens | LP Tokens | Property Tokens |
| Risk Level | Stable | Variable | Maximum |
| Distribution Priority | 1st | 2nd | 3rd |
| Lock Period | 30 days | 60 days | 90 days |
| Best For | Stable income seekers | High yield hunters | Direct ownership fans |
Need Help Choosing?
Our investment guides can help you understand which vault aligns with your risk tolerance and financial goals.
Read Investment Guides