> For the complete documentation index, see [llms.txt](https://sugar-yield.gitbook.io/sugaryield/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://sugar-yield.gitbook.io/sugaryield/advance-utilities/vault-tokens.md).

# Vault Tokens

The Sugar Yield Vault tokens are ERC1155, indicating the depositor's portion of vault ownership. The following identifiers distinguish Sugar vault tokens.:  

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

Currently Sugar Yield Offers the following vault tokens:

**Caramel Vault Tokens** 

* Asset types: USDC, USDT, BUSD
* Strike Prices:
* USDC: $0.997
* USDT: $0.99
* Epoch Period: Week

**Saltish Vault Tokens** 

* Asset types: USDC, USDT, USDT
* Strike Price:
* USDC: $0.997
* USDT: $0.99
* Epoch Period: Week

 

<mark style="color:red;">Note that the following positions are semi-fungible and can be exchanged in Post-diabetes, our native orderbook. Post-diabetes will launch shortly after Pre-diabetes.</mark>&#x20;