Lombard DeFi Vault: Depositing & Withdrawing
A comprehensive guide to depositing into the Lombard DeFi Vault.
Last updated
A comprehensive guide to depositing into the Lombard DeFi Vault.
Last updated
This section explains the process of depositing and withdrawing assets into the Lombard DeFi Vault. The vault allows users to deposit LBTC or WBTC to earn yield via automated deployment in various DeFi strategies.
After connecting your wallet, select the Deposit button on the DeFi Vault in page in the dApp.
From the dropdown menu, you can select either LBTC or WBTC to deposit. The corresponding balance will appear in the upper right-hand corner. Enter the amount you wish to deposit or select max.
After having carefully read the cautionary note in amber, and reviewed the amount to deposit into the Lombard DeFi Vault, press Deposit.
After confirming the transaction in your wallet, you will see a “Deposit in progress” screen. This indicates that your deposit is being processed on the blockchain.
Follow your wallet's instructions for how to import/add tokens to view your LBTCv balance using the Lombard DeFi Vault address: 0x5401b8620E5FB570064CA9114fd1e135fd77D57c .
After connecting your wallet, select the Deposit button on the DeFi Vault in page in the dApp.
From the dropdown menu, enter the amount of LBTCv—the liquid pool (LP) token issued after depositing in the Lombard DeFi Vault—you wish to withdraw or select max.
Step 3: Approve and Confirm the Deposit
After having carefully read the cautionary note in amber, the withdrawal fee, withdrawal time, and reviewed the amount to withdraw into the Lombard DeFi Vault, press Withdraw.
After confirmation, you will see a “Withdraw in progress” message. Select Go to Vault Dashboard to see an overview of your current withdrawals.
