A transparent vault in the Maya Protocol refers to a type of vault that allows users to see the transactions and balances, similar to a regular cryptocurrency wallet.
In the Maya Protocol, users can swap assets using a transparent vault, but they cannot receive funds to a shielded (private) address from this vault. The transparent vault provides more visibility into the transactions, but has limitations on receiving funds to private addresses.
This is in contrast to the Asgard vault, which is a decentralized, cross-chain vault used in the Maya protocol to facilitate asset swaps. When a user wants to swap one asset for another, they send the asset to the Asgard vault, which then triggers the swap process on the Maya blockchain. The Asgard vault is designed to be more secure and decentralized compared to the transparent vault.
In summary, the transparent vault in the Maya protocol offers transparency into transactions, but has restrictions on receiving funds to private addresses, while the Asgard vault is a more secure, decentralized option for facilitating cross-chain asset swaps.