# Passage Vault

**The Passage Vault exists to serve as a counterparty to increase the number and speed of passage order matches.** When a user enters an order they must wait until a counterparty takes the other side of the trade. Users can get frustrated if their trades are not executed within a reasonable amount of time. The vault auto trades using the vault's funds to take the opposing side of user trades.\
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We intend to have the vault to be open to outside depositors/wallet addresses who choose to deposit and lock up their funds (ETH) for a period of 30 days. At the end of which, depositors can choose to “auto-roll” funds or withdraw their funds to be used on the platform, or withdraw to their self-custodial wallet. We will give an estimated return rate based on an assumed utilization rate and fees paid to the vault over the 30 days. Actual returns will be based on the utilization rate, the fees paid, and the trading PnL of the passages purchased by the vault.


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