ItoVault is a decentralized finance (DeFi) system used for creating tokens that track the price of an underlying index, allowing for the effective capture of the indexs dividends, interest, short-term rebate fees, and other benefits with minimal frictional losses. vSPY is a digital asset designed to track the SPY ETF. Anyone can mint vSPY tokens by sending collateral to ItoVault’s smart contract (vault).