An Ethereum standard that defines common interfaces for depositing assets, issuing vault shares, and redeeming shares for underlying assets.
Standardized vaults make the share-for-asset exchange explicit: you deposit one asset and receive shares whose value tracks the vault. That structure is why the deposit is commonly treated as a taxable exchange and the redemption as a second one.
Under the common position, yes. The share represents a claim on the vault, not the specific asset you deposited.
Source: No IRS guidance as of September 2026; IRS Notice 2014-21 (property treatment)
Last reviewed September 18, 2026. Tax rules change; confirm current law before acting.
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