VenusProtocol · therealemjy · May 6, 2026
diff --git a/.changeset/puny-lamps-check.md b/.changeset/puny-lamps-check.md
@@ -0,0 +1,6 @@
+---
+"@venusprotocol/chains": minor
+"@venusprotocol/evm": minor
+---
+
+add institutional vaults
diff --git a/apps/evm/src/__mocks__/models/vaults.ts b/apps/evm/src/__mocks__/models/vaults.ts
@@ -2,15 +2,17 @@ import BigNumber from 'bignumber.js';
 import type { GetFixedRatedVaultsOutput } from 'clients/api/queries/getFixedRatedVaults';
 
 import {
+  type InstitutionalVault,
   type LockedDeposit,
   VaultCategory,
   VaultManager,
   VaultStatus,
+  VaultType,
   type VenusVault,
 } from 'types';
 
 import type { Address } from 'viem';
-import { vai, xvs } from './tokens';
+import { usdc, vai, xvs } from './tokens';
 
 export const vaults: VenusVault[] = [
   {
@@ -22,10 +24,11 @@ export const vaults: VenusVault[] = [
     rewardTokenPriceCents: new BigNumber(100),
     dailyEmissionMantissa: new BigNumber('144000000000000000000'),
     dailyEmissionCents: 14400,
-    totalStakedMantissa: new BigNumber('415000000000000000000'),
-    totalStakedCents: 41500,
-    stakingAprPercentage: 12665.060240963856,
+    stakeBalanceMantissa: new BigNumber('415000000000000000000'),
+    stakeBalanceCents: 41500,
+    stakeAprPercentage: 12665.060240963856,
     category: VaultCategory.STABLECOINS,
+    vaultType: VaultType.Venus,
     manager: VaultManager.Venus,
     managerIcon: 'logoMobile',
     status: VaultStatus.Active,
@@ -40,12 +43,13 @@ export const vaults: VenusVault[] = [
     rewardTokenPriceCents: new BigNumber(100),
     dailyEmissionMantissa: new BigNumber('144000000000000000000'),
     dailyEmissionCents: 14400,
-    totalStakedMantissa: new BigNumber('400000000000000000000000000'),
-    totalStakedCents: 40000000000,
-    stakingAprPercentage: 12.92281835063781,
-    userStakedMantissa: new BigNumber('233000000000000000000'),
-    userStakedCents: 23300,
+    stakeBalanceMantissa: new BigNumber('400000000000000000000000000'),
+    stakeBalanceCents: 40000000000,
+    stakeAprPercentage: 12.92281835063781,
+    userStakeBalanceMantissa: new BigNumber('233000000000000000000'),
+    userStakeBalanceCents: 23300,
     category: VaultCategory.GOVERNANCE,
+    vaultType: VaultType.Venus,
     manager: VaultManager.Venus,
     managerIcon: 'logoMobile',
     status: VaultStatus.Active,
@@ -98,11 +102,137 @@ export const fixedRatedVaults: GetFixedRatedVaultsOutput = [
         maturityDate: '2026-06-25T00:00:00.000Z',
         createdAt: '2026-01-21T20:14:15.000Z',
         updatedAt: '2026-01-21T20:14:15.000Z',
+        tokenPrices: [
+          {
+            id: 'fake-price-pendle',
+            tokenAddress: '0xe052823b4aefc6e230FAf46231A57d0905E30AE0',
+            tokenWrappedAddress: null,
+            chainId: '56',
+            priceMantissa: '682687557196753800000000000000000000000',
+            priceSource: 'oracle',
+            priceOracleAddress: '0x0000000000000000000000000000000000000001',
+            mainOracleAddress: '0x0000000000000000000000000000000000000001',
+            mainOracleName: 'ResilientOracle',
+            isPriceInvalid: false,
+            hasErrorFetchingPrice: false,
+            createdAt: '2026-01-21T20:14:15.000Z',
+            updatedAt: '2026-01-21T20:14:15.000Z',
+          },
+        ],
+      },
+    ],
+  },
+  {
+    id: '97-institutional-0x5263D68786AaCfad74B9aa385A004c272548e8B7',
+    chainId: '97',
+    protocol: 'institutional-vault',
+    vaultAddress: '0x5263D68786AaCfad74B9aa385A004c272548e8B7',
+    underlyingAssetAddress: '0x312e39c7641cE64BEccDe53613f07952258fa810',
+    fixedApyDecimal: '0.08',
+    maturityDate: '2026-09-01T00:00:00.000Z',
+    protocolData: {
+      collateralAssetAddress: '0xCC3933141a64E26C9317b19CE4BbB4ec2c333bc6',
+      institutionOperatorAddress: '0x1111111111111111111111111111111111111111',
+      latePenaltyRateMantissa: '0',
+      lockDurationSeconds: 2592000,
+      openDurationSeconds: 604800,
+      settlementWindowSeconds: 259200,
+    },
+    createdAt: '2026-04-01T00:00:00.000Z',
+    updatedAt: '2026-04-01T00:00:00.000Z',
+    loanVaultDetail: {
+      chainId: '97',
+      collateralAssetAddress: '0xCC3933141a64E26C9317b19CE4BbB4ec2c333bc6',
+      collateralValueCents: '0',
+      createdAt: '2026-04-01T00:00:00.000Z',
+      debtValueCents: '0',
+      fixedRateVaultId: '97-institutional-0x5263D68786AaCfad74B9aa385A004c272548e8B7',
+      id: 'loan-vault-detail-1',
+      institutionAddress: '0x1111111111111111111111111111111111111111',
+      latePenaltyRateMantissa: '0',
+      liquidationIncentiveMantissa: '0',
+      liquidationThresholdMantissa: '0',
+      liquidityMantissa: '500000000000',
+      lockEndTime: '2026-08-29T00:00:00.000Z',
+      maxBorrowCapMantissa: '1000000000000',
+      minBorrowCapMantissa: '100000000000',
+      minSupplierDepositMantissa: '10000000',
+      openEndTime: '2026-04-08T00:00:00.000Z',
+      outstandingDebtMantissa: '0',
+      reserveFactorMantissa: '0',
+      settlementDeadline: '2026-09-01T00:00:00.000Z',
+      shortfallMantissa: '0',
+      supplyAssetAddress: '0x312e39c7641cE64BEccDe53613f07952258fa810',
+      totalOwedMantissa: '0',
+      totalRaisedMantissa: '500000000000',
+      updatedAt: '2026-04-01T00:00:00.000Z',
+      vaultState: 2,
+    },
+    underlyingToken: [
+      {
+        address: '0x312e39c7641cE64BEccDe53613f07952258fa810',
+        chainId: '97',
+        name: 'Mock USDC',
+        symbol: 'MOCK_USDC',
+        decimals: 6,
+        maturityDate: '2026-09-01T00:00:00.000Z',
+        createdAt: '2026-04-01T00:00:00.000Z',
+        updatedAt: '2026-04-01T00:00:00.000Z',
+        tokenPrices: [
+          {
+            id: 'fake-price-institutional',
+            tokenAddress: '0x312e39c7641cE64BEccDe53613f07952258fa810',
+            tokenWrappedAddress: null,
+            chainId: '97',
+            priceMantissa: '1000000000000000000000000000000',
+            priceSource: 'oracle',
+            priceOracleAddress: '0x0000000000000000000000000000000000000001',
+            mainOracleAddress: '0x0000000000000000000000000000000000000001',
+            mainOracleName: 'ResilientOracle',
+            isPriceInvalid: false,
+            hasErrorFetchingPrice: false,
+            createdAt: '2026-04-01T00:00:00.000Z',
+            updatedAt: '2026-04-01T00:00:00.000Z',
+          },
+        ],
       },
     ],
   },
 ];
 
+export const institutionalVault: InstitutionalVault = {
+  vaultType: VaultType.Institutional,
+  category: VaultCategory.STABLECOINS,
+  manager: VaultManager.Ceffu,
+  managerIcon: 'ceefu',
+  managerAddress: '0x1111111111111111111111111111111111111111',
+  managerLink: 'https://www.ceffu.com',
+  status: VaultStatus.Pending,
+  key: '97-institutional-0x5263D68786AaCfad74B9aa385A004c272548e8B7',
+  stakedToken: usdc,
+  rewardToken: usdc,
+  stakedTokenPriceCents: new BigNumber(100),
+  rewardTokenPriceCents: new BigNumber(100),
+  stakeAprPercentage: 8,
+  stakeBalanceMantissa: new BigNumber('500000000000'),
+  stakeBalanceCents: 50000000,
+  userStakeBalanceMantissa: new BigNumber('100000000'),
+  userStakeBalanceCents: 10000,
+  vaultAddress: '0x5263D68786AaCfad74B9aa385A004c272548e8B7',
+  reserveFactor: 0,
+  vaultDeploymentDate: new Date('2026-04-01T00:00:00.000Z'),
+  openEndDate: new Date('2026-04-08T00:00:00.000Z'),
+  lockEndDate: new Date('2026-08-29T00:00:00.000Z'),
+  maturityDate: new Date('2026-09-01T00:00:00.000Z'),
+  settlementDate: new Date('2026-09-01T00:00:00.000Z'),
+  stakeLimitMantissa: new BigNumber('1000000000000'),
+  stakeMinMantissa: new BigNumber('100000000000'),
+  userMinIndividualStakeMantissa: new BigNumber('10000000'),
+  userRedeemLimitMantissa: new BigNumber(0),
+  userWithdrawLimitMantissa: new BigNumber(0),
+  lockingPeriodMs: 2592000 * 1000,
+};
+
 export const lockedDeposits: LockedDeposit[] = [
   {
     amountMantissa: new BigNumber('1000000000000000000'),

diff --git a/apps/evm/src/clients/api/__mocks__/index.ts b/apps/evm/src/clients/api/__mocks__/index.ts
@@ -1073,3 +1073,45 @@ export const useGetFixedRatedVaults = vi.fn(() => ({
 }));
 
 export const getFixedRatedVaults = vi.fn(async () => fixedRatedVaults);
+
+export const useGetFixedRatedVaultUserStakedTokens = vi.fn(() => ({
+  data: [],
+  isLoading: false,
+}));
+
+export const getFixedRatedVaultUserStakedTokens = vi.fn(async () => []);
+
+export const useGetInstitutionalVaultUserMetrics = vi.fn(() => ({
+  data: [],
+  isLoading: false,
+}));
+
+export const getInstitutionalVaultUserMetrics = vi.fn(async () => []);
+
+export const useGetInstitutionalVaultUserData = vi.fn(() => ({
+  data: [],
+  isLoading: false,
+}));
+
+export const getInstitutionalVaultUserData = vi.fn(async () => []);
+
+export const useStakeIntoInstitutionalVault = vi.fn((options?: MutationObserverOptions) =>
+  useMutation({
+    mutationFn: vi.fn(),
+    ...options,
+  }),
+);
+
+export const useRedeemFromInstitutionalVault = vi.fn((options?: MutationObserverOptions) =>
+  useMutation({
+    mutationFn: vi.fn(),
+    ...options,
+  }),
+);
+
+export const useWithdrawFromInstitutionalVault = vi.fn((options?: MutationObserverOptions) =>
+  useMutation({
+    mutationFn: vi.fn(),
+    ...options,
+  }),
+);
diff --git a/apps/evm/src/clients/api/index.ts b/apps/evm/src/clients/api/index.ts
@@ -42,6 +42,9 @@ export * from './mutations/useWithdrawTradePositionCollateral';
 export * from './mutations/useRepayWithCollateral';
 export * from './mutations/useStakeInPendleVault';
 export * from './mutations/useWithdrawFromPendleVault';
+export * from './mutations/useStakeIntoInstitutionalVault';
+export * from './mutations/useRedeemFromInstitutionalVault';
+export * from './mutations/useWithdrawFromInstitutionalVault';
 // Queries
 export * from './queries/getVaiTreasuryPercentage';
 export * from './queries/getVaiTreasuryPercentage/useGetVaiTreasuryPercentage';
@@ -259,6 +262,15 @@ export * from './queries/getProposalCount/useGetProposalCount';
 export * from './queries/getFixedRatedVaults';
 export * from './queries/getFixedRatedVaults/useGetFixedRatedVaults';
 
+export * from './queries/getInstitutionalVaultUserData';
+export * from './queries/getInstitutionalVaultUserData/useGetInstitutionalVaultUserData';
+
+export * from './queries/getFixedRatedVaultUserStakedTokens';
+export * from './queries/getFixedRatedVaultUserStakedTokens/useGetFixedRatedVaultUserStakedTokens';
+
+export * from './queries/getInstitutionalVaultUserMetrics';
+export * from './queries/getInstitutionalVaultUserMetrics/useGetInstitutionalVaultUserMetrics';
+
 export * from './queries/getPendleSwapQuote';
 export * from './queries/getPendleSwapQuote/useGetPendleSwapQuote';
 

diff --git a/...evm/src/clients/api/mutations/invalidateInstitutionalVaultQueries/__tests__/index.spec.ts b/...evm/src/clients/api/mutations/invalidateInstitutionalVaultQueries/__tests__/index.spec.ts
@@ -0,0 +1,23 @@
+import { queryClient } from 'clients/api/queryClient';
+import FunctionKey from 'constants/functionKey';
+import type { Mock } from 'vitest';
+
+import { invalidateInstitutionalVaultQueries } from '..';
+
+describe('clients/api/mutations/invalidateInstitutionalVaultQueries', () => {
+  beforeEach(() => {
+    vi.clearAllMocks();
+  });
+
+  it('invalidates all institutional vault queries including token balances', () => {
+    invalidateInstitutionalVaultQueries();
+
+    expect(queryClient.invalidateQueries).toHaveBeenCalledTimes(4);
+    expect((queryClient.invalidateQueries as Mock).mock.calls).toEqual([
+      [{ queryKey: [FunctionKey.GET_BALANCE_OF] }],
+      [{ queryKey: [FunctionKey.GET_FIXED_RATED_VAULTS] }],
+      [{ queryKey: [FunctionKey.GET_TOKEN_BALANCES] }],
+      [{ queryKey: [FunctionKey.GET_INSTITUTIONAL_VAULT_USER_DATA] }],
+    ]);
+  });
+});
diff --git a/apps/evm/src/clients/api/mutations/invalidateInstitutionalVaultQueries/index.ts b/apps/evm/src/clients/api/mutations/invalidateInstitutionalVaultQueries/index.ts
@@ -0,0 +1,13 @@
+import { queryClient } from 'clients/api/queryClient';
+import FunctionKey from 'constants/functionKey';
+
+export const invalidateInstitutionalVaultQueries = () => {
+  queryClient.invalidateQueries({ queryKey: [FunctionKey.GET_BALANCE_OF] });
+  queryClient.invalidateQueries({ queryKey: [FunctionKey.GET_FIXED_RATED_VAULTS] });
+  queryClient.invalidateQueries({
+    queryKey: [FunctionKey.GET_TOKEN_BALANCES],
+  });
+  queryClient.invalidateQueries({
+    queryKey: [FunctionKey.GET_INSTITUTIONAL_VAULT_USER_DATA],
+  });
+};
diff --git a/apps/evm/src/clients/api/mutations/useRedeemFromInstitutionalVault/index.ts b/apps/evm/src/clients/api/mutations/useRedeemFromInstitutionalVault/index.ts
@@ -0,0 +1,49 @@
+import type BigNumber from 'bignumber.js';
+import { type UseSendTransactionOptions, useSendTransaction } from 'hooks/useSendTransaction';
+import { useAnalytics } from 'libs/analytics';
+import { institutionalVaultAbi } from 'libs/contracts/abis/institutionalVaultAbi';
+import { VError } from 'libs/errors';
+import { useAccountAddress } from 'libs/wallet';
+import type { Address } from 'viem';
+import { invalidateInstitutionalVaultQueries } from '../invalidateInstitutionalVaultQueries';
+
+type RedeemFromInstitutionalVaultInput = {
+  amountMantissa: BigNumber;
+};
+
+type Options = UseSendTransactionOptions<RedeemFromInstitutionalVaultInput>;
+
+export const useRedeemFromInstitutionalVault = (
+  { vaultAddress }: { vaultAddress: Address },
+  options?: Partial<Options>,
+) => {
+  const { accountAddress } = useAccountAddress();
+  const { captureAnalyticEvent } = useAnalytics();
+
+  return useSendTransaction({
+    fn: ({ amountMantissa }: RedeemFromInstitutionalVaultInput) => {
+      if (!accountAddress) {
+        throw new VError({
+          type: 'unexpected',
+          code: 'somethingWentWrong',
+        });
+      }
+
+      return {
+        abi: institutionalVaultAbi,
+        address: vaultAddress,
+        functionName: 'redeem' as const,
+        args: [BigInt(amountMantissa.toFixed()), accountAddress, accountAddress] as const,
+      };
+    },
+    onConfirmed: () => {
+      captureAnalyticEvent('Institutional vault redeem', {
+        vaultAddress,
+        accountAddress,
+      });
+
+      invalidateInstitutionalVaultQueries();
+    },
+    options,
+  });
+};