# Vault Tokens

The Y2K Vault tokens are [ERC1155](https://eips.ethereum.org/EIPS/eip-1155), representing a pro-rata share of vault ownership by the depositor. Y2K vault tokens are differentiated by the following identifiers:  

**Asset:** Token under consideration\
**Type:** Premium or Collateral\
**Epoch:** Time period of the vault\
**Strike:** How far from peg or current price, the asset price needs to deviate in order to trigger a payout to the Premium vault depositors.

Currently Y2K Offers the following vault tokens:

1. **Premium Vault Tokens** 

   * **Pegged Assets:** USDC, USDT, FRAX, DAI, WBTC, stETH, USDD, LUSD, TUSD, MAI, CUSD, FDUSD, PYUSD and crvUSD
   * **Turbo Up/Down Options**: BTC, ETH, ARB, SOL, GMX and PENDLE
   * **Epoch Period:** Weekly

2. **Collateral Vault Tokens** 

   * **Pegged Assets:** USDC, USDT, FRAX, DAI, WBTC, stETH, USDD, LUSD, TUSD, MAI, CUSD, FDUSD, PYUSD and crvUSD
   * **Turbo Up/Down Options:** BTC, ETH, ARB, SOL, GMX and PENDLE
   * **Epoch Period:** Weekly

    

{% hint style="info" %}
Note that the following positions are semi-fungible and can be exchanged in Wildfire, our native orderbook. Wildfire will launch shortly after Earthquake. 
{% endhint %}


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