Yesterday during the Eindhoven tournament the following problem was encountered. A player had both mana vault (tapped) and Damping Matrix in play. Question was if he could untap his mana vault during his upkeep or not. Because the judge wasn't 100% sure, he asked me for a 2nd opinion and together we concluded the following:
At the beginning of your upkeep a triggered ability is put on the stack. However, as the wording involves cost : effect, it is also an activated ability if you would choose to pay for it. Hence, Damping Matrix DOES NOT prevent the triggered ability from going on the stack. It DOES prevent a player actually activating it by paying 4 mana though. The problem here is probably that because of the "do it during your upkeep thingie" the wording for the activated ability is somewhat different from the usual 4 : untap this.
Is this "assumption" correct?
Also, if the vaults ability is both Triggered and Activated, I assume a player can stifle either the trigger itself (preventing a player to pay 4) or the activation (making the player waste 4 mana in an attempt to untap it). Right?
Some relevant crystal keeping:
Mana VaultAt the beginning of your upkeep, you may pay

. If you do, untap ~this~.
Damping MatrixActivated abilities of artifacts and creatures can't be played unless they're mana abilities.
Activated AbilitiesAn activated ability is written as "[cost]: [effect]." The activation cost is everything before the colon (

.
Triggered AbilitiesA triggered ability begins with the word "when," "whenever," or "at." The phrase containing one of these words is the trigger condition, which defines the trigger event.
PS: Would a mod be so nice to change the title into Damping Matrix, instead of Damping Engine...