# How It Differs Canonical Vaults are yAxis vaults that will allow users to deposit any ERC-20 token that can be leveraged. Similar to the MetaVault token (MVLT), each Canonical Vault will have its own token that represents a user's share of the funds. From an investor's perspective, Canonical Vaults are identical to the MetaVault: deposit a single asset, earn interest, and withdraw more of the same asset (with some YAXIS rewards on top) whenever you wish to. Behind the abstractions, however, Canonical Vaults add another function: delegated strategies. They represent the final form of meta-yield aggregation. ### Delegated Strategies Delegated strategies are strategies that use a deposited asset as collateral on a lending protocol to borrow a stablecoin. This stablecoin can then be deposited into the MetaVault to take full advantage of the strategies therein. Canonical Vaults are able to mix delegated strategies with strategies that use the deposited token natively. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://yaxis.gitbook.io/yaxis-project/products/canonical-vaults/how-it-differs.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.