Deposit
Last updated
Last updated
Users can deposit assets to Tempest's Vault on the Tempest UI. User journey will vary depending on the type of vault they are depositing in. If it is a Rebalancing Symmetric Vault, users have 2 options for depositing: single-side token (zap in) and dual-side token. But for LST/LRT Arbitrage Recapture Vault, only single-side token is allowed.
Basically, to provide liquidity to Ambient's underlying pool, Liquidity Providers (LPs) have to send dual-side token with the rate is the current price of the pool. It is often quite inconvenient. For example, an LP has 1000 USDT and he wants to provide this 1000 USDT to the ETH/USDT pool. Let's say the pool price is 2000 currently (1 ETH = 2000 USDT). He has to somehow swap 500 USDT to 0.25 ETH first, then deposit 0.25 ETH and 500 USDT to the pool. That leads to 2 points. The first point is LP has to swap before providing liquidity. The second point is even if LP is willing to swap, it is almost impossible to swap exactly 500 USDT to 0.25 ETH (due to slippage). Therefore, LP cannot deposit exactly 1000 USDT.
Tempest's Vault supports single-side depositing, when users can deposit only single-side token. Each vault contains two tokens and one of them is chosen to be the "main asset" of the vault. With single-side depositing, users deposit just the "main asset" token. For example, the token pair is ETH/USDT, and the "main asset" is USDT. Users just deposit only USDT. Swapping USDT to ETH is calculated and performed by Tempest's Vault automatically. It brings convenience to users.
All metrics of the vault like TVL, APR, total assets, etc. are calculated based on the "main asset". "Main asset" is used as the unit in some functions like convertToShares and convertToAssets as well.
Step 1: Access and select a vault
Step 2: Connect wallet
Step 3: The switcher "Zap In" is on by default. In the deposit form, users enter the amount of the "main asset" they want to deposit then hit "Deposit" button
Step 4: The UI will show a confirm popup for users to preview their transaction. After confirming by clicking on the "Deposit" button in the popup, the UI will prompt users to sign the transaction via their connected wallet.
Ater depositing, users can see their transaction histories on the same page
Although single-side token depositing is convenient, sometimes users still need dual-side token depositing. In single-side token depositing, Tempest's Vault performs the swap via the Ambient Pool directly. If it is a new pool or a large depositing when the pool does not have enough liquidity, the swap can not be performed successfully. In this case, dual-side token depositing should be used.
To deposit dual-side token, users need to switch the "Zap in" to off. The deposit form will allow users to enter amount of dual tokens. Users just need to enter amount of one token, the other one will be calculated and filled by the UI automatically.
