Functionalities
Vault Deposits
When interacting with Smart LP, vaults give users the ability to access strategies by depositing either one or both tokens of a pair to access strategies.
Token Pair Deposits - If the user selects the option to deposit both tokens in a pair, the moment in which the user inserts one of the two values, the interface will automatically suggest the second amount. In order to make a deposit as a pair, users must have enough of both tokens in their wallet before depositing.
The vault will then proceed to deposit both tokens in the Smart LP strategy of their choice in the current strategy range.
Single Token Deposits - If the user selects the option to deposit only one token in a pair, the vault will allow the user to input the amount they’d like to deposit in just that token. Note - this will be the total value of the pair one it is constructed
The vault will then show users how much of their single token deposit will automatically be converted into the other token in the pair to create the current LP ratio.
The vault will then proceed to:
Sell the portion needed of the input token for the other.
Create liquidity at the current ratio.
Deploy that liquidity in the strategy at the current range.
Additional Token Deposits - Users can also choose to add more tokens to their positions that already exist. A user can add additional tokens through either single token deposits or token pair deposits.
Reward & Yield Management
When depositing, users will be able to select multiple options for how they would like rewards to compound.
Autocompounding - Autocompound 100% of the yield back into the strategy
Single Token Manual Rewards - Yield is delivered to you in just one token of the pair
Dual Token Manual Rewards - Yield is delivered to you in both of the tokens of the pair.
The default setting of all vaults will be to autocompound 100% of the yield, so if you wish to receive tokens instead, make sure to select this option when depositing.
There is an additional incentive to Jones on any autocompound vault for upkeep and management of the strategy.
Vault Withdrawals
To exit the vaults, a user will be able to withdraw a partial amount or the total amount of their position in either a single token or both tokens in the pair.
Example Withdrawal Process for Both Tokens:
Shreddy navigates to his position.
Shreddy uses the slider bar to determine how much he wants to withdraw.
The UI will show Shreddy the token value and the USD notional value of the withdrawal amount.
Shreddy will withdraw and receive both tokens at the ratio of the current range.
If Shreddy did not choose to autocompound all or part of his position, any yield leftover will be withdrawn as well.
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