The Keyholder
5,555 utility NFTs that turn MerryVault activity into on-chain membership. No pfp drop. No speculation. Just perks that compound the more you use the protocol.
Deposit liquidity. Post bonds. Hold a key. The key pays you back.
The MerryVault Keyholder is a small, utility-first ERC-721 collection. Every key attaches to on-chain identity and unlocks real, contract-enforced perks — fee discounts, a share of Bond Desk revenue, and early access to auctions.
- Supply
- 5,555
- Standard
- ERC-721
- Chain
- Robinhood
- Royalties
- 0%
Mint opens · 22 July 2026 · 09:00 UTC
The doors open 22 Jul 2026, 09:00 UTC.
Contract 0x477e52…5d111c · Chain ID 4663
999 pre-approved wallets. 3-hour window, 1 mint per wallet, guaranteed slot. Miss the window and you roll into Phase 2.
~4,000 whitelisted wallets, first-come first-served. 3-hour window, 1 mint per wallet. Supply = 1,999 + any unminted from Phase 1.
Open to everyone until sold out. Up to 3 keys per wallet across all phases (holders from P1/P2 can mint their remainder here).
Six on-chain perks.
Fee discount
Up to 25% off vault entry/exit fees while the key sits in the connected wallet. Applied on-chain, no claim required.
Protocol revenue share
A slice of Bond Desk auction fees streams pro-rata to Keyholders each epoch (14 days). Claimable in USDC.
Early Bond Desk access
48-hour early window to bid on new bond auctions before public open. One allocation per key.
Governance weight
1 key = 1 vote on risk-parameter proposals: LTV caps, cooldown length, oracle sources.
Priority cooldown
Reduced rLP withdraw cooldown (from 24h → 12h) while a key is held.
On-chain reputation
Soul-bound activity score attached to the key: deposits, bonds posted, votes cast. Portable proof of trust.
Three grades of key.
| Tier | Supply | Requirement | Perks |
|---|---|---|---|
| Iron | 4,700 | Waitlist mint · price TBA | Fee discount 10% · Revenue share 1x · Governance 1 vote |
| Bronze | 700 | Deposit ≥ $10k rLP for 30d | Fee discount 15% · Revenue share 2x · Early Bond Desk |
| Obsidian | 155 | Bond issuer or ≥ $100k rLP | Fee discount 25% · Revenue share 5x · All perks · Priority cooldown |
How the key stays honest.
Non-transferable perks. Fee discounts and cooldown reductions read the key's activity score, which is soul-bound. Selling the key transfers ownership but not history — no wash-farming.
Revenue share is pull-based. Each epoch the RiskEngine snapshots Bond Desk fees and streams a share to a KeyholderVault contract. Holders call claim(tokenId) to withdraw USDC.
Governance is quadratic-lite. Vote weight = √(keys held) × activity score. Prevents whale capture, rewards genuine users.
No royalties, no rented liquidity. Secondary trades pay 0% to the protocol. All value flows through utility, not resale.
Is this a pfp collection?+
No. It's a membership credential. The artwork is intentionally singular — one editorial artifact, not 10,000 traits.
Do I need to hold to keep perks?+
Yes. Perks are read live from wallet ownership. Transfer the key, transfer the perks.
Can I mint without depositing?+
The Iron tier (800 keys) is open mint. Bronze and Obsidian require on-chain protocol activity.
What if MerryVault fees fall?+
Revenue share scales with actual Bond Desk volume. Keyholders earn what the protocol earns — no artificial emissions.