What algorithm defines the value of vaults?

Has this been decided yet?

I know the general factors (uptime/latency/storage capacity/lost chunks), but where is this defined in code, and/or where is this being discussed for implementation?

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https://github.com/maidsafe/rfcs/blob/master/agreed/0005-balance_network_resources/0005-balance_network_resources.md This will help. There are 2 remaining safecoin rfc’s as well as 2 for structured Data, so you won’t get 100% of the algorithm just yet, but enough to see how it works. Then it will be tested.