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Chamber Vaults Review 2026: dHEDGE's Rebrand Explained

Chamber, formerly dHEDGE, is a non-custodial protocol for creating and following tokenized trading vaults across several networks. It suits users who want to pick a manager rather than trade themselves, with manager risk as the main caveat.

By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

7.4/10

Good

Visit Chamber Vaults

Our verdict on Chamber Vaults

7.4/10

Chamber suits DeFi users who want exposure to a trader's strategy without giving up custody, and managers who want to run a vault and earn from depositors. Its main strengths are a long record since 2020, audits with a bug bounty, and a non-custodial design across several networks. The main caveat is that results depend on the manager, and leverage products add real risk. Fees are set per vault and are not listed on the homepage, so read each vault before depositing.

Score breakdown

How Chamber Vaults scores

Security: 7.5/10
Ease of use: 7.0/10
Fees: n/a
Features: 7.5/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Chamber Vaults?

Chamber, formerly dHEDGE, is a non-custodial protocol for creating and managing onchain vaults. Traders can run a vault, and depositors can follow them without handing over custody. The homepage pitches it as a way to have skilled traders trade for you, or to earn by trading.

DefiLlama lists it under indexes, with about 24.8 million dollars in total value locked and a 1.4 percent decline over seven days. It runs on Base, Optimism, Polygon, Arbitrum, Hyperliquid, Ethereum and Plasma. The project says it has been live since 2020 with no security incidents and has been audited, and DefiLlama lists two audits.

Chamber also supports a wider ecosystem. Toros Finance offers leveraged and options tokens, and mStable offers an index of leveraged Pendle positions. The site also promotes vaults for AI trading agents, with limits meant to keep an agent within set rules.

How Chamber Vaults works

Chamber is a vault protocol. A manager creates a vault, which is a smart contract that holds pooled funds and can trade only the assets and protocols it has been set up to use. Depositors add funds and receive tokenized shares that represent their portion of the vault.

Because the contract limits what the manager can do, the manager does not take custody of depositors' funds. Share value rises or falls with the vault's performance, and depositors can redeem their shares for their portion of the assets, subject to the vault's rules.

The same framework supports AI-driven vaults, where an automated agent trades within defined limits. It also underpins products such as Toros, which wraps leveraged and options positions into tokens, and mStable, which packages leveraged Pendle positions.

8 features

Key features

Tokenized trading vaults

Anyone can create a vault and trade supported assets through smart contracts, with depositors holding tokenized shares.

Non-custodial design

Vault assets are managed by smart contracts that control which assets and DeFi integrations a manager can use.

AI trading guardrails

Chamber says it is built to ensure an AI trading agent cannot go rogue, by limiting what the vault lets it do.

Toros derivatives tokens

Toros Finance offers leveraged tokens and options tokens built on Chamber vaults.

mStable fixed yield

mStable offers an index of leveraged Pendle positions aimed at fixed yield.

Multi-asset management

Vaults can manage crypto, equities and commodities onchain, according to the homepage.

Developer tools

The project offers an SDK, GitHub repositories and docs for teams building custom products on top of Chamber.

Audits and governance

The site links to audits and an open bug bounty, and lists governance proposals and voting.

Pros and cons

What we like

Non-custodial vaults mean managers do not take possession of depositors' funds.
Live since 2020, with the project reporting no security incidents.
Two audits are listed, with a public bug bounty.
Available on seven networks, including Ethereum, Arbitrum, Base and Hyperliquid.
Supports crypto, equities and commodities, plus AI-agent vaults with built-in limits.
Open developer tooling, including an SDK and GitHub, for teams building on it.

Watch out for

Returns depend on individual vault managers, so results vary widely and past performance does not predict future results.
Smart-contract risk remains even with audits and a bug bounty, particularly for vaults that touch several DeFi protocols.
The protocol does not publish a fee schedule on its homepage, so users must check each vault before depositing.
The rebrand from dHEDGE to Chamber and the split across Toros and mStable can confuse newcomers about which product they are using.
The claim of zero security incidents is the project's own statement and covers the core protocol, not third-party integrations or individual manager behaviour.
Leveraged products such as those in Toros and mStable add liquidation and market risk beyond a plain vault.

Chamber Vaults fees

The homepage does not publish a fee table. Vault managers earn income by trading and attracting depositors, which in practice means each vault sets its own terms. Check the fee details on a vault's page before depositing.

Other costs include network gas on the chain you use and any trading costs inside a vault. Leveraged products from Toros and mStable may carry additional costs, which are documented on their own sites.

Is Chamber Vaults safe?

The protocol is described as non-custodial and runs on smart contracts. The homepage links to audits and a bug bounty, and DefiLlama lists two audits. The project states it has had zero security incidents since launching in 2020. That is a self-reported claim, and audits reduce but do not remove smart-contract risk.

Depositors also take on manager risk and market risk. A vault can lose money even when the contracts work as designed. Leveraged products built on Chamber add liquidation risk. The project does not name a regulator or licence, so check the terms of use and your local rules before depositing.

6 steps

How to get started with Chamber Vaults

1
Read the docs and the audit reports so you understand how vaults and manager permissions work.
2
Connect a compatible wallet on a supported network such as Ethereum, Arbitrum, Base, Optimism or Polygon.
3
Browse the vault list and review each manager's strategy, history, assets held and fees.
4
Start with a small deposit in a vault you understand, and note how withdrawals work.
5
Monitor the vault and your position through the stats pages.
6
If you want to manage, create a vault and set your strategy and rules.

Open Chamber Vaults

Who Chamber Vaults is for

Chamber fits DeFi users who want to follow experienced traders onchain, traders who want to monetize a strategy through a vault, and developers building custom or AI-driven vault products. It is less suited to beginners who are not comfortable judging manager track records or the risks of leveraged tokens.

Chamber Vaults FAQs

What is Chamber and how is it related to dHEDGE?

Chamber is the new name for dHEDGE, a non-custodial vault protocol that lets managers run onchain portfolios and lets depositors follow them. Its homepage describes it as a way to have skilled traders trade for you, or to earn by trading.

Is Chamber safe?

Chamber is described as non-custodial, so vault assets are held by smart contracts rather than by the managers. Depositors still carry risk from smart contracts, from the assets in the vault and from the manager's strategy.

How do vault managers make money?

Managers create a vault, set up their strategy and attract depositors. The homepage says managers earn income by trading and drawing in depositors, but it does not state the fee levels, which are set per vault.

Which blockchains does Chamber support?

DefiLlama lists Chamber on Base, Optimism, Polygon, Arbitrum, Hyperliquid, Ethereum and Plasma. Availability of individual vaults varies by network.

What are Toros and mStable?

Toros Finance offers leveraged tokens and options tokens, while mStable offers an index of leveraged Pendle positions for fixed yield. Both are built on Chamber vaults and carry their own leverage-related risks.

Does Chamber have a token?

DefiLlama lists a token called DHT, and the site links to a legacy DHT page and governance tools for proposals and voting. Check the governance pages for current details on how the token is used.

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