Chamber, the protocol that grew out of dHEDGE, runs onchain vaults: a manager trades a pool of assets on behalf of everyone holding its token, inside guardrails the protocol enforces (only listed assets, only approved venues, fees capped and announced). Toros builds its leveraged and yield vaults on the same contracts, so a three-times-long Bitcoin vault and a curated stablecoin vault on Base are the same kind of thing underneath.

A vault is priced by what it holds. Every asset, from plain tokens to Aave positions and other vaults, is valued through the protocol's oracles, and the vault token's price is that total over the token supply. A deposit mints tokens at that price in one of the assets the manager accepts; a withdrawal burns them for a slice of everything the vault holds, paid in kind, with leveraged positions unwound on the way out.

That honesty comes with friction. Every deposit locks the depositor out of withdrawing for a day, the assets a vault accepts change with its manager's mind, and the exit pays a basket that usually needs swapping before it is useful. The right moment to enter a leveraged vault, or to take profit from one, rarely waits for someone to be watching.

Every number a Chamber vault publishes is a step in a plug: its token price, the cooldown left before an exit, and whether it still takes the asset you hold. A deposit goes in when a condition is met and returns the tokens it minted; a withdrawal runs the moment the cooldown is over or the price crosses a line, guarded so an unwind cannot slip past the vault's own oracle value.

A leveraged vault entered when a breakout confirms and exited the day the cooldown clears. Profit taken when the token price doubles, the basket swapped back to dollars in the same plug. A deposit redirected the moment a vault stops accepting the asset you hold.