In this guide, we explain how to start investing in mStable Meta Vaults.
Before you begin, ensure that you have:
- Funded a non-custodial wallet with USDC for deposits and ETH for gas
How to invest with Meta Vaults
Meta Vaults are located on our new yield front-end.
In this guide, we’ll show you how to navigate around the interface.
Step 1: Connect your wallet
- Connect your wallet to the dApp using the Connect button on the top right
- Select your wallet from the list of available or recommended ones
- Ensure you’re connected on the Ethereum mainnet
Step 2: Select a Meta Vault
- Scroll to the Vaults section and locate the Meta Vault to invest in
- Toggle between list and grid views using the toggle on the top right
- Select a Meta Vault — you will be diverted into another page with more details about the selected Meta Vault
Step 3: View more details about the Meta Vault
Selecting the Meta Vault brings up a new UI where you can view detailed information about the selected Meta Vault.
For example, in the Vault Performance area, you can track the changes in yield (APY), TVL and Assets per share backing the Meta Vault across your selected time period.
Scroll down and you will find the Strategy & Risks section illustrating the protocols and contracts utilised in this strategy, your asset and token exposures when investing in this Meta Vault, and finally, any fees that are charged by the Meta Vault.
Step 4: Use the Yield Calculator to calculate your potential returns
- Enter your deposit amount
- Select the duration of investment — in days, months, or years
- Select if you’d like to factor in deposit and withdrawal gas fees
- Understand how long you need to breakeven
Step 5: Use the deposit/withdraw window to deposit
- Enter the amount to deposit or use the percentages to help you
- The window will show you the number of shares you’ll receive in the Vault — this will be used for redemption for your original deposit plus any accumulated interest in future
Step 6: Approve your token (USDC) for deposit
- Give the contract approval to spend your USDC tokens by clicking on the Approve button
- When using Metamask, click Confirm on the pop-up window
- Wait until the transaction is Confirmed
Step 7: Deposit
- The last step is to click Deposit to deposit into the Meta Vault
- Because your deposits are batched together with others, you will find that deposit costs are relatively lower compared to the market; and significantly lower compared to if you were to use this strategy by yourself
- To withdraw from the Meta Vaults, you can simply reverse the process using the Withdraw tab. Withdrawing from the Meta Vault will burn shares in exchange for your original USDC deposit.
Try out on the yield app today: https://yield.mstable.org
