How to use the vault
Vaults operate as a second layer on top of exchanges, lenders and other yield generating Defi protocols, maximizing returns for users as well as saving them gas costs & the repetitive process of swapping the reward for the 2 tokens, building LP, re-depositing in the vault multiple times per day. To deposit in a vault such as Equalizer's Equal-pEqual a user will first need to build the LP token on Equalizer's add liquidity page, conveniently linked in the Vault card's "Add Liquidity". The LP token received after providing liquidity is then used to deposit in the Vaults.
As noted in the vault's text description, upon depositing the user will receive a receipt token representing his share of the TVL in the vault. This receipt does not increase or decrease in value, what does is the user's deposited LP amount in the vault at each harvest. NOTE - Do not transfer our receipt token out of your wallet to strangers or other contracts, you will need it to withdraw your funds! If you wish to start using a new wallet but not withdraw from the vaults, in this specific case, you can transfer the receipt token to the new wallet. Always keep it in wallets you can control.
Last updated