Share Facts
Cargo vault shares are not ERC-4626 vaults. There is no
deposit() that mints shares against USDC. New shares are minted only against collateral-manager receipts and sold by the Vault SPV through the auction contracts.What Integrators Need to Know
- Transfers Can Fail.
transferandtransferFromrevert if the receiver is not a verified identity, or if a compliance rule blocks the transfer. Check eligibility before routing a transfer. - The Backing Rule. Total supply never exceeds receipted units in custody. Minting is guarded on-chain and requires a current collateral-manager receipt.
- Pricing. Value positions at NAV from the NAV feed, not from a pool price. For lending, use the lower of reference NAV and hedge-market-implied NAV.
- Pauses. The share contract and auctions can be paused by the pause guardian. Treat a paused state as “no transfers, no mints”.
- One Share Contract per Vault. Treat each vault’s shares as a separate asset with its own NAV feed and lot registry.
Standard ERC-3643 Interface (Excerpt)
Events to Index
The exact ABI, decimals and addresses are published with each deployment on Contract Addresses and in Code Repositories.

