Documentation

Deposit and withdraw

Getting funds into your wallet, into the pool, and back out again.

Two different pots. Trading collateral is paid straight from your wallet when you open a position and comes straight back when you close it. Providing liquidity is a deposit into the Vault: queued, settled by the keeper against a published oracle round, and withdrawable only from what the pool has not reserved.

The difference that matters is what each one is exposed to. Trading collateral is exposed to the one position you chose. A deposit in the Vault is exposed to every position on the exchange, from the other side of all of them.

Funding the wallet

On testnet the Faucet is the source of USDC and friendbot is the source of XLM. See Log on and get funded.

Providing liquidity

The Vault window has two tabs. The House is the pool's own numbers: total value, utilization, performance and what it is currently exposed to. Your Stake holds the deposit and withdraw forms and your position in the pool.

  1. Queue a deposit Type an amount of USDC and press Queue deposit. Deposits and withdrawals are requests, not instant swaps: the keeper settles them in order against a published oracle round after a short protocol delay, so nobody can time a deposit against news the pool has not priced yet.
  2. Receive sLP shares A share is a claim on a fraction of the pool, so its value grows and shrinks with the pool's fortunes. Your Stake shows the shares, what they are redeemable for, and your share of the pool.
  3. Watch utilization It decides both what the pool earns in borrow and how much of your stake can leave right now.

Withdrawing

Queue a withdrawal the same way. It is paid from the pool's idle liquidity, so Withdrawable now is the smaller of your stake and what the pool has not reserved against open positions. When utilization is high that number is smaller, and the rest becomes withdrawable as positions close and release their backing. This is not a lockup: it is the pool refusing to pay out money that is currently standing behind somebody's open trade.