🏦 Vault Mechanics

Deposits

• Users deposit USDC and receive mvXXUSDC (e.g., mvLPUSDC or mvDNUSDC).
• The vault’s exchange rate (USDC ↔ mvXXUSDC) increases as yield is harvested.
• Early depositors benefit as each share appreciates in value.

“Your mvXXUSDC value grows over time as the vault earns yield. Once you request a withdrawal, your position stops earning yield until it’s finalized.”

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Withdrawals

Withdrawals are managed through epochs to ensure efficiency and fairness.

1. Request Withdrawal Choose how much to withdraw — that amount stops earning yield immediately.
2. Pending Phase Your withdrawal stays queued until the vault’s withdrawal window opens.
3. Finalize or Cancel When redemptions open, you can redeem your mvXXUSDC for USDC at the current vault rate. You may also cancel before execution.

“Withdrawals are batched by epoch. Your funds stop earning yield once requested and can be redeemed once redemptions open.”