Glossary

Chamber-specific terms and how they're used in these docs

Terms used across Chamber docs. Alphabetical.

Enabled assets

The set of assets a specific vault is permitted to hold. Manager-configurable up to 12 at once, bounded by the global asset list.

Asset guard

A per-asset-type contract that knows how to price, track the balance of, and unwind a given class of asset (plain ERC-20, Aave position, LP token, perp position, etc.). See Guard system.

Chamber DAO

The DHT-governed DAO that owns the protocol treasury, controls the Guard System allowlists, and decides parameter changes via meta-proposals.

Chamber token

The Chamber token is in development. Details on governance role, supply, and mechanics will be published alongside the token launch.

Contract guard

A per-protocol contract that decodes and validates calls from a vault to an external protocol (Aave, Uniswap, Pendle, etc.). Calls that don't match the guard's rules revert. See Guard system.

Denomination asset

The asset the vault's NAV and share price are quoted in. For Chamber vaults this is always USD — not a per-vault choice. See Denomination asset.

Depositor whitelist

On a private vault, the list of addresses permitted to deposit. Removing an address stops new deposits; it does not force existing positions out.

DHT

The dHEDGE DAO token — current Chamber governance token until CHMR launches. Used on Snapshot for meta-proposal voting. Historical staking/rewards programs are discontinued. See DHT (legacy).

Entry fee

Optional fee charged on deposit, 0–2%. Paid in vault shares. 10% goes to the Chamber DAO. See Manager: fees and performance.

Exit fee

Optional fee charged on withdrawal, 0–2%. Paid in vault shares. 10% goes to the Chamber DAO.

Global asset list

The protocol-wide allowlist of assets that can be added to any vault. An asset is on this list when it has a registered price feed in the protocol's AssetHandler. Governance-controlled (DAO multisig / onlyOwner), not manager-controlled.

Guard System

Chamber's contract-level layer that restricts which protocols a vault can call and which assets it can hold. See Guard system.

High-water mark (HWM)

The highest NAV per share a vault has reached. Performance fees only mint when NAV exceeds the HWM. Vault-level and socialised across all holders (not per-depositor). See Manager: fees and performance.

Lockup

The post-deposit cooldown during which those shares cannot be transferred or withdrawn — up to 24 hours, weighted across deposits (top-ups extend the remaining lockup proportionally, not reset it). Flash-loan protection. See Lockup and withdrawals.

Management fee

Annualised fee on AUM, 0–3%. Paid in vault shares, minted on deposit/withdrawal/manual trigger. 10% goes to the Chamber DAO. See Manager: fees and performance.

Manager

The address that controls a vault's trading decisions, enabled assets, fees, and trader delegation. Cannot take custody of vault assets. See Manage: overview.

Manual trigger

A transaction the manager can send to force the vault to mint accrued fees and refresh state without a deposit or withdrawal.

MCP server

Chamber's Model Context Protocol server — a local-first npm package (@dhedge/chamber-mcp) that lets Claude Desktop, Cursor, and other MCP clients place trades on a delegated vault. Keys are encrypted on the user's machine. See AI-assisted management.

Meta-proposal

A Chamber DAO governance proposal. Discussed on the forum, voted on Snapshot using the wallet's DHT balance (vDHT staking is no longer active). See Meta-proposals.

NAV (Net Asset Value)

Vault assets minus liabilities, divided by total shares. Priced using oracles. See NAV accounting.

Oracle

A price feed used to value a vault's holdings. Chamber uses Chainlink, Pyth, and (for some assets) TWAPs. Staleness timeouts apply per feed type (25-hour default for Chainlink; per-aggregator values for Pyth and hybrids). See Oracles.

Performance fee

Fee charged on gains above the HWM, 0–50%. Vault-level and socialised. Paid in vault shares. 10% goes to the Chamber DAO.

Private vault

A vault with a depositor whitelist. Only whitelisted addresses can deposit; anyone on the list can withdraw as normal.

Public vault

A vault open to deposits from any address.

Risk Factor

A 1–5 rating of a vault's downside volatility, surfaced on the vault directory. See Leaderboard and ranking.

Share (vault token / DHVT)

The ERC-20 token representing a claim on a vault's assets. Transferable after the lockup (up to 24 hours, weighted across deposits) clears. See Vault tokens.

Single-asset withdrawal

Withdrawal method that auto-liquidates the vault's positions and returns a single asset (usually the deposit asset). May incur slippage.

Trader

An optional second address delegated by the manager to place trades. One trader per vault. Two permission toggles: "can change vault assets" (ON by default) and "can toggle vault privacy" (OFF by default). See Trader delegation.

TWAP

Time-weighted average price. One of the oracle types Chamber uses for assets where a single spot feed would be too manipulable.

Underlying basket withdrawal

Withdrawal method that returns a pro-rata slice of every asset the vault holds, including illiquid positions. No vault-side swaps, no slippage — you unwind the basket yourself.

Vault

A Chamber smart contract that holds assets under a manager's trading rules, with shares as receipts. Non-custodial.

Vault Score

A ranking metric: Sortino × √(7-day average vault value). See Leaderboard and ranking.

vDHT

Voting power previously earned by staking DHT. The vDHT staking program is no longer active; governance votes now run on Snapshot using wallet DHT balances directly. See Legacy staking.