Vaults manages user deposits by storing them in the form of an NFT. When users make a deposit it goes directly to the Lending Pool for lending. The SP-tokens will be locked in the NFT. Whenever SP-tokens are withdrawn, Vaults will claim interest to the user's address. Vaults users can also withdraw SP-tokens directly from the LendingPool.
Main Functions of Vaults
Long term Deposits & Earnings
To participate, users will select the asset for deposit, specify the quantity, select the time frame, and click “Deposit”. Once the transaction is confirmed, Vaults will mint an NFT for that deposit.
Current interest earnings on Vaults' Lending Pool are in the form of a floating rate. Other rewards will vary.
When creating a Vault position (an NFT format), users will get SP-token, which will vest linearly.
Users will receive interest from lending, and earning from early farming when they withdraw the SP-token.
Vaults users will receive additional Lockdrop rewards based on the amount of unlocked SP-tokens held. Longer deposit periods are a factor in reward amount.
Select token type to display wallet balance
Enter the number of tokens
Select the period length of this deposit
Mint Vaults NFT
Click 'NFT' to manage Vaults positions
Click ‘Withdraw’ to withdraw the now unlocked SP-token and settle all current interest and rewards.
Click on ‘Claim’ to withdraw only interest and rewards.
Deposit & Mint Vaults NFT
Vaults' total deposit dollar value
Accumulating the dollar value of all Vaults deposits
Current LendingPool APY for this asset
Using Lending Pool APY
Total deposits of this asset at LendingPool
Estimate TMS Yields
Estimated rewards for current depositsEarly mining
Calculating TMS awards for current volume weights within one year