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Created ERC4626 Doc #569

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Created ERC4626 Doc
mayowaolatunji Nov 8, 2022
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## Resources
mayowaolatunji Nov 8, 2022
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19 changes: 19 additions & 0 deletions docs/built-on-ethereum/erc-token-standards/erc4626
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title: ERC4626 - EthHub

description: ERC4626 is a tokenized vault standard designed to optimize the technical parameters of yield-bearing vaults.

#ERC4626

##Summary
A tokenize standard for managing yeild bearing vaults process. This standard also allows Developers to create shared interfaces for the tokens in the vaulting process.
The ERC-4626 token standard is an interface that extends the existing ERC-20, hence the participating tokens must comply with ERC-20 token standard. the token also offers basic functionality such as reading balance, depositing, withdrawing.

Motivation
The ERC-4626 standard was issued through the Ethereum Improvement Proposals and co-created by Joey Santoro. The ERC-4626 differ from ERC-721 in fungibility; While the former deals with fungible tokens, the latter deals with NFTs (Non-Fungible Tokens).
The ERC-4626 token vaults was developed to lower the integration effort and unlock access to yield in various applications.


## Resources

* [Ethereum.org](https://ethereum.org/en/developers/docs/standards/tokens/)
* [Gate.io](https://www.gate.io/blog_detail/920/What-is-ERC-4626)