# v3 – Canonical Vaults

v3 will upgrade the MetaVault to Canonical Vaults with delegated strategies. Conceptually, Canonical Vaults function much the same as the MetaVault: users can deposit a single asset and watch their earnings grow. The key difference is that Canonical Vaults allow for the deposit of potentially any ERC-20 token that can be leveraged.

{% content-ref url="canonical-vaults/how-it-differs" %}
[how-it-differs](https://yaxis.gitbook.io/yaxis-project/products/canonical-vaults/how-it-differs)
{% endcontent-ref %}

{% content-ref url="canonical-vaults/new-features" %}
[new-features](https://yaxis.gitbook.io/yaxis-project/products/canonical-vaults/new-features)
{% endcontent-ref %}

{% content-ref url="canonical-vaults/future-additions" %}
[future-additions](https://yaxis.gitbook.io/yaxis-project/products/canonical-vaults/future-additions)
{% endcontent-ref %}