How It Works
Collective is simple by design. Here's the flow:
1. Deposit
Funders deposit stablecoins (USDC) into a vendor's vault on HyperEVM. In exchange, you receive vault tokens representing your share of the vault.
Connect your wallet
Choose a vendor vault
Deposit any amount (minimums may apply)
Receive vault tokens
2. Vendors Trade
The vendor uses the pooled capital to:
Source cards — from shows, private sales, auctions, and online marketplaces
Hold inventory — graded cards, sealed product, or raw cards pending grading
Sell cards — through auctions, direct sales, or marketplace listings
All trading decisions are made by the vendor based on their expertise and strategy. Vendors have defined risk parameters and report regularly on portfolio composition.
3. Earn Returns
As the vendor generates profits from buying and selling, the vault's value grows. Your vault tokens represent your proportional share.
Vault value is updated regularly based on inventory valuations
Returns compound automatically — no need to claim or restake
When you're ready, withdraw your share back to stablecoins
The Vault Token
When you deposit, you receive vault tokens (similar to an ERC-4626 vault). These tokens:
Represent your share of the vault's total value
Are transferable (you can sell your position if needed)
Will be tradeable on secondary markets in the future
Example:
Vault has $100,000 in value
You deposit $10,000 → you own 10% of the vault
Vault grows to $120,000 → your share is now worth $12,000
Timeline
Collective operates on quarterly epochs (3-month cycles). This gives vendors predictable capital to work with and aligns with the natural rhythm of the card market (show seasons, set releases, etc.).
Deposits: Accepted anytime, active from next epoch
Withdrawals: Requested before epoch end, processed after
Emergency withdrawals: Available mid-epoch with a fee
→ Getting Started → Understanding Returns → Withdrawal Mechanics
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