Making Deposits
Step-by-Step Process
1. Connect Your Wallet
- Connect to Base network
- Ensure you have USDC and ETH for gas
2. Choose Deposit Amount
- Minimum: $10 USDC (TODO: Confirm minimum)
- Maximum: No limit
- Check current NAV price
3. Select Lock Period
Choose your lock duration to earn bonus points:
- 7 days: 1.0x multiplier
- 30 days: 1.3x multiplier
- 60 days: 1.6x multiplier
- 90 days: 2.0x multiplier
📊 Detailed breakdown: See Points System for calculations and examples.
4. Confirm Transaction
- Review deposit amount and lock period
- Approve USDC spending (first time only)
- Submit deposit transaction
- Pay gas fees in ETH
5. Receive JVAULT Tokens
JVAULT Calculation
JVAULT Received = USDC Deposited / Current NAV * (1 - deposit_fee)
📊 Fee details: See Fee Structure for exact rates and calculations.
Lock Mechanics
During Lock Period
- ✅ Earn points daily at multiplier rate
- ✅ Receive proportional yield (through NAV updates)
- ❌ Cannot request withdrawal
- ❌ Cannot unlock early
- ❌ Cannot transfer JVAULT tokens
After Lock Expires
- ✅ Can request withdrawal anytime
- ✅ Still earn yield until withdrawal (through NAV)
- ✅ JVAULT tokens become transferable again
- ✅ Continue earning base points (1.0x)
- ⚠️ Lost multiplier benefits - must lock again for bonus
Points Calculation
Points Calculation
Points = Deposit Amount × Lock Multiplier × Lock Days
📊 Examples & Details: See Points System for complete calculations and scenarios.
Important Notes
⚠️ Deposit Timing: Deposits accepted 24/7 except during Sunday settlement (06:00-08:00 UTC+7)
⚠️ Lock Period: Starts immediately upon deposit confirmation
⚠️ Points: Calculated off-chain, snapshotted for future rewards
⚠️ Fees: Small fee deducted (see Fee Structure)
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