💴Deposit Assets
Overview
This page explains how to deposit assets into a Vault on Secured Finance.
By depositing assets into a Vault, users can participate in automated yield strategies without actively managing positions. In return for a deposit, users receive Vault Shares, which represent their proportional ownership of the Vault.
For the initial release, deposits are supported for the JPYC Vault.
Before You Deposit
Before depositing assets into a Vault, please ensure the following:
You have a supported wallet (e.g. MetaMask)
Your wallet is connected to the correct network
You hold the required asset (e.g. JPYC)
You understand that Vault returns are variable and not guaranteed
Depositing into a Vault is not the same as depositing into a bank account. The value of your position may increase or decrease over time depending on strategy performance.
What Happens When You Deposit
When you deposit assets into a Vault:
Your assets are transferred to the Vault contract
The Vault mints Vault Shares to your wallet
The deposited assets are allocated to one or more strategies
Yield generated by the strategies increases the value of Vault Shares over time
The number of Vault Shares you hold does not change unless you deposit or withdraw. Instead, the value per share changes as yield accrues.
Step-by-Step: Depositing Assets
Step 1: Connect Your Wallet
Open the Secured Finance application
Click Connect Wallet
Select your wallet provider and approve the connection
Once connected, your wallet address and balances will be displayed.
Step 2: Select a Vault
Navigate to the Vaults section
Choose the Vault you want to deposit into
For example: JPYC Vault
Each Vault supports a single base asset.
Step 3: Enter Deposit Amount
Enter the amount of assets you wish to deposit
Review the estimated number of Vault Shares you will receive
Check any minimum or maximum deposit limits (if applicable)
Step 4: Approve Asset Usage
Before your first deposit, you must approve the Vault to use your assets.
Click Approve
Confirm the transaction in your wallet
Wait for the approval transaction to be confirmed
This step is required only once per asset per Vault.
Step 5: Confirm Deposit
Click Deposit
Confirm the transaction in your wallet
Wait for the transaction to be finalized on-chain
After confirmation, your Vault Shares will be credited to your wallet.
After Depositing
Once your deposit is complete:
Your Vault Share balance will be updated
Your position will appear in your portfolio
Yield will begin accruing automatically
No further action is required to earn yield.
Important Notes
Deposits are subject to blockchain transaction fees
Depositing does not lock your assets for a fixed period
Vault Shares can be redeemed later to withdraw assets
The value of your position may fluctuate over time
Next Steps
After depositing assets, you may want to:
Monitor your Vault position
Learn how withdrawals work
Understand how yield is generated
These topics are covered in the following sections.
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