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Deposits

Depositing into Multyr means supplying assets to a vault in exchange for vault shares.

Deposit Flow​

  1. Connect your wallet
  2. Enter the amount of USDC
  3. Approve and confirm the transaction
  4. Receive vault shares

Deposits can be performed using standard approvals or Permit2.

What Happens After Deposit​

Once assets are deposited:

  • funds are transferred to the CoreVault
  • vault shares are minted to represent ownership
  • capital may be held temporarily in buffers
  • capital may be allocated to strategies over time

Allocation is not necessarily immediate and may occur in batches depending on system conditions.

Capital Allocation​

After deposit, capital may:

  • remain partially unallocated
  • be deployed across multiple strategies
  • be reallocated over time

All allocation behavior is determined by predefined rules, parameters, and constraints encoded in smart contracts.

Vault Shares​

Depositors receive ERC-4626 vault shares:

  • represent proportional ownership
  • reflect a claim on total vault assets
  • change in value based on the vault's net asset value (NAV)

Position value = shares × share price

Deposit Lock Period​

Deposits are subject to a lock period immediately after execution.

During this period:

  • deposited assets cannot be withdrawn
  • vault shares remain non-redeemable

Purpose​

The lock period is designed to:

  • reduce short-term capital cycling
  • prevent timing-based exploits
  • improve system stability during allocation and rebalancing

Behavior​

  • the lock applies only to newly deposited capital
  • once the lock period expires, assets become withdrawable under normal conditions
  • the duration of the lock is defined by system parameters

Important Considerations​

  • deposits are not immediately withdrawable
  • users should account for the lock period when planning liquidity
  • the lock is a system-level constraint, not optional

Fees​

Deposits may be subject to fees.

See the Fees page for details.

Important Considerations​

  • deposits do not guarantee immediate capital deployment
  • returns depend on underlying strategy performance
  • allocation is rule-based and not discretionary
  • part of the capital may remain in buffers