Voltr

Voltr is a set of tools for running yield vaults on Solana. A vault is a smart contract that takes deposits in one asset, such as USDC. A manager then spreads that money across lending markets, trading venues and exchanges. Managers use Voltr to launch vaults. Depositors use them to earn yield.

This page covers the Solana DeFi project at voltr.xyz. It has no link to VoltR, the French battery maker, to the Voltr marketing app, or to the VULTR protocol on Solana.

Voltr has changed hands twice. It ran for a time as Ranger Earn under Ranger Finance. It went back to being its own company in May 2026. On 7 September 2026 it said it is now part of Neutral Trade.

How Voltr vaults work on Solana: deposits, LP tokens and adaptors

A Voltr vault takes your deposit, gives you LP tokens in return, and hands the allocation decisions to the vault's manager. LP tokens are your receipt. They stand for your share of the vault, and their value moves up or down with the vault's profit and loss, according to Voltr's docs.

The manager does not hold your money directly. The manager can only move funds into strategies that the vault has been set up to use. Each strategy is reached through an adaptor, a small separate program that knows how to talk to one outside protocol.

Take a USDC vault as an example. You deposit 1,000 USDC and receive LP tokens. The manager sends part of the pool to a lending market through one adaptor and part to a trading venue through another. Each adaptor reports back what its position is worth, and the vault uses those reports to price your LP tokens. When you leave, you hand back the LP tokens and receive USDC at the current value.

Two keys control every vault, and Voltr's docs say they should be kept separate. The admin key sets the structure: which adaptors are allowed, the fees, the deposit cap and the withdrawal waiting period. The manager key only moves funds between the approved strategies.

Withdrawals depend on the vault. Each vault sets its own waiting period. Where the period is zero, you can withdraw instantly. Otherwise you request a withdrawal, wait, then collect. Voltr's risk disclosure says there are no guaranteed redemption timelines.

Voltr integrations: Kamino, Jupiter and centralised exchanges

Voltr vaults can send money to Kamino Finance KMNO$0.039+7.3%, to Jupiter JUP$0.330-2.5% and to exchanges outside Solana. Each link is an adaptor. Voltr's integrations page lists three:

• The Kamino adaptor reaches Kamino Vaults and the Kamino lending market.
• The Jupiter adaptor handles token swaps and Jupiter Earn.
• The Trustful adaptor sends funds off-chain, which is how a vault reaches a centralised exchange.

The docs say more adaptors use the same design. They cover generic lending, Drift Protocol DRIFT$0.017-12.3% and Raydium pools. Voltr's website also names Binance, Hyperliquid and Lighter as connected venues.

The Trustful adaptor matters most for risk. Money sent through it leaves the chain. The on-chain rules that limit a manager stop at that point. The safety section below explains what takes their place.

Voltr vault managers: Vectis, Syntropia, Hubra and Elemental

Voltr does not run most of the vaults on its platform. Outside managers do. On 12 October 2026, Voltr's website listed 16 live vaults from seven managers. They were Vectis Finance, Syntropia, Hubra raSOL$128.30+0.8%, Elemental Fund, Loyal, Vega Finance and Ranger.

Vectis Finance ran seven of those vaults. Most of them trade funding rates in USDC. Hubra ran a lending vault and a leveraged staking vault. Elemental Fund ran lending vaults in three stablecoins.

Anyone can create a vault on-chain. Getting it shown in Voltr's own app takes one more step. The manager sends in the vault address, a strategy write-up and risk documents. The Voltr team then reviews the vault before it goes live in the app, per the listing guide. Voltr's risk disclosure says it runs identity checks on managers and watches how they perform. The manager still makes every trading decision.

Returns differ a lot from vault to vault, and some vaults lose money. On that same day, several vaults in the app showed a negative yield and one carried a risk notice. Look at each vault's own page. The platform is a shelf of separate products, each with its own results.

Voltr fees: management, performance, issuance and redemption

Voltr vaults can charge four fees, and each vault's manager sets the levels. The user docs describe them:

• An issuance fee is taken from your deposit before LP tokens are minted.
• A redemption fee is taken when you withdraw.
• A management fee is a yearly percentage that builds up over time.
• A performance fee is a share of profits.

The performance fee uses a high water mark. That means the vault only charges it on profit above the previous peak value per LP token, so you do not pay twice for the same gains after a dip.

Fees are split between the vault's manager, its admin and the Voltr protocol. The docs do not publish a single fee schedule, because the numbers differ by vault. Read the fee panel on the vault you are considering.

Voltr SDK, CLI and AI agent skill for vault builders

Builders can work with Voltr in five ways: a web app, a TypeScript SDK, a Rust integration, a command-line tool and a REST API. The TypeScript package is called @voltr/vault-sdk and is on version 2. The code sits in the voltrxyz GitHub account. The same account holds script templates for each adaptor and a template for a rebalancing bot.

Voltr also offers an agent skill. This is a pack of instructions for AI coding tools such as Claude Code, Codex and Cursor. It helps them set up vaults, write deposit and withdrawal code, and build new adaptors.

AI was the first pitch. Voltr introduced itself on 19 December 2024 with the line "AI powered DeFi vaults". It was one of 21 winners in the first Solana AI Hackathon, which drew more than 400 entries, as Odaily reported in January 2025. The site now leads with tools for managers. Agent support is one feature among several.

Other protocols can build on Voltr vaults too. The docs describe on-chain calls for deposits and withdrawals. Another program can use them to hold vault LP tokens and split them into safer and riskier slices.

Who owns Voltr: Ranger Earn, independence and Neutral Trade

Voltr has been part of Neutral Trade since 7 September 2026. Neutral Trade is a Solana platform where vetted trading teams run strategies for depositors. Neutral Trade wrote that Voltr had built "a permissionless open infrastructure for Vault managers to run on-chain strategies". Neither side has shared the terms of the deal.

Before that, Voltr sat inside Ranger Finance, a Solana trading platform. Ranger ran the vault system under the name Ranger Earn. Ranger's docs still describe Ranger Earn, and they point to Voltr's SDK and vault program.

Ranger said on 14 May 2026 that it was winding down, as Crypto Times reported. Four days later, Voltr said it was "operating as a fully independent entity, with full ownership of our vault technology and infrastructure". It added that all active vaults stayed live.

On 12 October 2026, Voltr's website, docs and app still used the Voltr name. Neutral Trade's own docs did not yet mention Voltr.

What happened to Ranger USD (rgUSD)?

Ranger USD, or rgUSD, is a Voltr vault from the Ranger era that is being closed. Voltr said on 18 May 2026 that the rgUSD vault "will continue to exist exclusively in the context of Drift's official recovery process, and will be decommissioned upon its conclusion".

The cause was the exploit of Drift Protocol in April 2026. Voltr said it would collect Drift's recovery tokens and pass them on to rgUSD depositors. Drift has since opened claims for those tokens. We covered that in Drift opens DFX claims for April exploit losses.

If you held rgUSD, Voltr asked you to message it directly about your position. Voltr's docs still describe rgUSD as a live product with instant redemptions. That no longer matches what Voltr itself has said.

Is Voltr safe? Audits, custody and upgrade authority

Three outside firms have reviewed Voltr's vault program. Even so, your main risk is the manager you pick and the venues that manager uses. Voltr's risk disclosure says deposits are not insured. It also says Voltr "never has direct custody of your funds".

The audits page lists four reports:

The two manual reviews cover the vault program. For adaptors, the page lists only the automated scan. Each new adaptor adds code that sits between the vault and an outside protocol.

Custody depends on where a vault sends money. For on-chain strategies, funds stay in vault accounts. The manager can only reach protocols the admin has approved.

Off-chain strategies work in one of two ways, per the risk disclosure. In the first, an outside custodian holds the funds and Voltr co-signs withdrawals. In the second, the manager controls the exchange account and Voltr cannot sign anything.

Voltr's programs can be upgraded. The deployed programs page says a multisig holds that power. A multisig is a wallet that needs several people to approve a change. The docs do not name the signers or say how many must agree.

The Ranger USD vault shows what can go wrong. It had money exposed to Drift when Drift was exploited in April 2026. Its depositors now wait on Drift's recovery process.

Deposits are also concentrated. On 12 October 2026, two managers, Vectis Finance and Syntropia, held about nine-tenths of the deposits shown on Voltr's site.

Who Voltr is for

Voltr suits two groups. The first is trading teams and fund managers. They want to offer a strategy to outside depositors without writing their own vault program. Voltr gives them the accounting, the fee logic, withdrawals and a page in its app.

The second is people who hold stablecoins on Solana and are happy to pick a manager. You need to read the strategy notes for the vault. You may have to wait to withdraw. You also need to decide whether a vault that trades on a centralised exchange is within your limits.

Voltr is a poor fit if you want one simple savings product. Each vault has its own manager, fees, custody setup and track record. Some have lost money over short periods.

Voltr alternatives: Kamino vaults, Drift Vaults and Neutral Trade

The closest alternatives are other Solana platforms where someone else manages pooled deposits.

Kamino runs its own vaults next to its lending market. A Voltr vault can itself deposit into Kamino through the Kamino adaptor. So a Voltr lending vault adds a manager and a fee layer on top. In return, that manager can move your money between venues.

Drift Vaults launched in December 2024. They let managers run strategies on Drift's own exchange. Voltr is wider in scope. One Voltr vault can spread across several protocols and off-chain exchanges.

Neutral Trade, Voltr's new parent, runs its own strategy vaults. It picks the trading teams, and its docs say exchange positions settle through outside custodians. Voltr is the open version of the same idea. Any team can deploy a vault.

Does Voltr have a token?

Voltr has no token of its own. Its website and docs describe no token, sale or airdrop. Each vault issues LP tokens, but those are receipts for a deposit in that vault and carry no claim on Voltr itself. Treat any token using the Voltr name as unofficial unless Voltr or Neutral Trade announces one.