Vaults
Step 1: Viewing Vaults and Strategies
The Earn page is divided into two sections:
My Positions: Displays any active positions you currently hold in different vaults.
Vaults: Shows all available vaults, including their associated market pairs (e.g., WSOMI-USDC), strategies (such as Kandel), and vault managers (e.g., Redacted Labs). Key metrics, such as Total Value Locked (TVL) and annual percentage yield (APY), are also shown if available.
Vault Market: Each vault lists the token pair it supports, such as WSOMI-USDC.
Strategy and Manager: Each vault is managed by a specific strategy (like Kandel) and a vault manager (such as Elix.fi).
APY and TVL: View potential returns (APY) and the total funds locked in the vault (TVL).
Filter and Search Options: Use the Search Vault bar to find a specific vault by name or market. You can also use the Filter button to narrow down the list based on different criteria.
Step 2: Selecting a Vault and Viewing Details
Select a Vault: Click on a vault from the list to view more detailed information. This will open the Vault Details page, providing deeper insights into the vault’s performance and requirements.
Vault Details Overview:
TVL and APY: Shows the total value locked in the vault and its projected annual yield.
Performance Fee: This is the percentage fee taken by the vault manager from the profits generated.
Strategy and Manager: Details on the strategy used in the vault and the entity managing it.
Deposit and Withdrawal Options: The page provides sections for Deposit and Withdraw, allowing you to manage your funds within the vault.
Vault Description and Charts: Each vault includes a description (currently placeholder text in some cases) and a performance chart displaying metrics like APY and TVL trends over time. Charts labeled "Vault charts coming soon!" indicate that historical data is not yet available.
Step 3: Depositing Funds into a Vault
Deposit Section: On the right side of the Vault Details page, you’ll find the Deposit section.
Select Deposit Amount:
You can deposit tokens like WSOMI or USDC by selecting the desired amount. Use the percentage shortcuts (25%, 50%, 75%, Max) to quickly choose how much of your balance you want to deposit.
Confirm Deposit: Once you’ve selected the amount, click the Deposit button. Confirm the transaction in your wallet to finalize the deposit.
Note: Ensure you have enough tokens in your wallet for the selected deposit, as well as enough to cover any network fees.
Step 4: Withdrawing Funds from a Vault
Withdraw Tab: Next to the Deposit tab, you’ll see the Withdraw tab. Click here if you wish to remove funds from the vault.
Select Withdrawal Amount: Choose the percentage of your funds in the vault you’d like to withdraw (25%, 50%, 75%, Max).
Confirm Withdrawal: Click the Withdraw button and confirm the transaction in your wallet to complete the withdrawal process.
Note: Be aware of any withdrawal fees or delays that might apply depending on the vault’s strategy.
Step 5: Monitoring Your Position and Rewards
My Position: Under My Position, you can track your current balances in the vault, including each token (e.g., WSOMI and USDC), the minted amount of any vault-specific tokens, and other details.
Rewards: Below My Position, you’ll see the Rewards section, which shows any rewards you’ve accrued from the vault. Click Claim Rewards to transfer any available rewards to your wallet.
Last updated