Ethereum settlement protocol

No chargebacks.
No sender reversals.

Vektes makes a payment final the moment it's sent — with a unique code that prevents duplicates and a settlement date you control.

Launch the app ↗ Read the whitepaper View the contract ↗

Sender-final · recipient-declinable · multi-asset

Why

Payments break in three predictable ways.

$117B

lost to chargebacks a year — merchants deliver, then funds get pulled back.

0.1–0.5%

of B2B payments are duplicates. Rails have no native idempotency.

T+1–5

days to settle on ACH/SWIFT — reversible for weeks after.

The protocol

Six primitives, enforced on-chain.

01 Deduplication

Unique transaction codes

Every transfer carries a per-recipient code. The same invoice can't be paid twice — the contract rejects it.

02 Scheduling

Settlement dates

Commit funds now, release on a date you choose. Net-30, payroll, milestones — trustless, no escrow agent.

03 Finality

Sender-irrevocable

Once sent, a sender can't cancel, reverse, or redirect. No chargebacks — recipients get cash-like certainty.

04 Optionality

Recipient rejection

The one exception is the recipient's: they can decline a pending transfer, refunding the sender. Never the sender.

05 Assets

Multi-asset

Send USDC, ETH, or any supported ERC-20 with identical guarantees. Curated by governance.

06 Economics

Fees in $VEK

Tiered by USD volume, priced via an on-chain oracle and paid in $VEK. Recipients always receive the full amount.

Lifecycle

How a transfer settles.

STEP 01

Send

Call send(token, to, amount, txCode, settlementDate). Funds are debited and locked; the code is now spent.

STEP 02

Settle

Instant, or held until the settlement date. The pending transfer is public and verifiable on-chain the whole time.

STEP 03

Claim or reject

After the date, the recipient calls claim to receive funds — or rejectTransfer to decline and refund the sender.

Fee model

Free for small transfers. Minimal at scale.

Monthly volume · per sender	Protocol fee	On a $50K transfer
$0 – $10,000	0% · free	$0.00
$10,000 – $100,000	0.005%	$2.50
$100,000 – $1,000,000	0.01%	$5.00
$1,000,000+	0.02%	$10.00

Fees are charged in $VEK, separate from the transfer, so the recipient always receives the full amount. Senders preview the exact fee and pass a maximum-fee cap, so a moving price feed can never charge more than they approved. Half of each fee is burned, half goes to the treasury.

The token