Investing and Withdrawing
How to invest?
Last updated
How to invest?
Last updated
First, locate the fund you're most interested in. You can find numerous options on the main page of the app ('DeFunds Market'). Note that the list of funds will vary depending on the chain: Arbitrum, Optimism, or BNB chain.
You also have the option to invest in your own fund if you desire.
Once you've chosen a suitable fund, click on its name and scroll down to see the toolbar on the right. Click the 'Invest' button there.
After that, follow these steps:
1) Review the detailed information about the fund you're investing in.
2) Enter the amount (in USDT) you want to invest. If you don't currently have USDT, you can swap them within a wallet or with the help of external swap services. You can also click on the 'max' button above to invest all the available USDT you have in your wallet.
3) Mark the checkbox confirming that you agree to invest.
4) Click 'approve' and sign the confirming transaction to activate the 'invest' button below.
5) Click the 'Invest' button and sign the confirming transaction.
To withdraw your money from the fund you've previously invested in, navigate to the same window you used for investing (the main window of this fund).
Click the 'Withdraw' button, which appeared just after you've invested your money.
Important note: Be aware of the Indent period. For funds with a weekly reporting period, the maximum indent period is 3 days, and for other reporting periods, it's 7 days. Withdrawal requests made within the indent period are carried over to the next reporting period. During this period, the manager can decide on closing positions without worrying that a large withdrawal request might come at the last moment, triggering unwanted auto-closing.
After that, follow these steps:
1) Check the information about the reporting period: this is the time when your money will be transferred from the fund to your wallet.
2) You will be prompted to enter the amount to withdraw in ITKN. ITKN is a regular ERC20 token that has a 10-to-1 relation with funds, meaning that every fund has its own instance of ITKN. Owning this token signifies ownership of shares in the fund. For example, to withdraw half of your fund share, you will need to burn half of your ITKN. You can also use the 'Max' button to withdraw all of your fund share.
3) Mark the confirmation checkbox.
3) Approve the withdrawal and sign the MetaMask transaction.
4) Click the 'Withdraw' button and sign the MetaMask transaction.
