Depositing into a Smart Vault
How to deposit and participate in a Spool Smart Vault.
- 1.
- 2.Select a Spool Smart Vault that includes the yield generators you like and has a risk profile you agree with
- 3.
- 4.
- 5.Approve the asset you want to deposit
- And wait for the approval to be confirmed
- 6.Deposit the asset
- And wait for the deposit to be confirmed
Yield starts generating after a DoHardWork() has been executed, deposits are routed to a protocol after said DoHardWork() and thus generate no yield prior.
Welcome! You are now a Spooler, you do not need to follow any additional steps from here. As an added benefit, depositing into a Smart Vault is relatively cheap because Spool uses a buffer system.
Here's an accompanying image of the UI:
A Snapshot of the Spool Front End.
Last modified 5mo ago