Depositing into a Smart Vault
How to deposit and participate in a Spool Smart Vault.
Last updated
How to deposit and participate in a Spool Smart Vault.
Last updated
Navigate to app.spool.fi
Select a Spool Smart Vault that includes the yield generators you like and has a risk profile you agree with
Review the Smart Vault its historical performance conveniently within the UI
Connect your supported Web3 wallet
Approve the asset you want to deposit
And wait for the approval to be confirmed
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: