Using Goldivaults: Complete Tutorial
Selecting the Right Vault
Goldivaults are available for various yield-bearing assets on Berachain. When choosing a vault, consider:
The underlying yield-bearing asset (e.g., oriBGT)
The vault's expiration date
Current yield rates and projections
Your strategic goals (locking in returns vs. speculating on yield)
Depositing Your Assets
Navigate to Goldivaults
Select a Vault
Choose from the available vaults based on the asset and expiry date that suits your strategy.
Approve Token Usage
Click "Approve" to allow the vault contract to use your tokens and confirm in your wallet.
Enter Deposit Amount
Specify how much of the yield-bearing asset you want to deposit.
Confirm Deposit
Click "Deposit" and confirm the transaction in your wallet.
Receive OT and YT Tokens
After confirmation, you'll receive OT and YT tokens in your wallet in a 1:1 ratio with your deposited amount.
Managing OT and YT Positions
After receiving your OT and YT tokens, you have several options:
Hold Both Tokens
Maintain full exposure to both the principal and yield of your deposited asset. At expiry, you'll receive back your original asset plus all accumulated yield.
Sell Your YT
Lock in a fixed return by selling your YT. This secures an immediate payment while retaining the OT for principal redemption at expiry.
Buy More YT
If you're bullish on the yield of a particular asset, you can purchase additional YT tokens to increase your exposure to just the yield component.
Stake YT on Beradrome
YT tokens for certain assets can be staked on Beradrome to earn additional incentives like bribes and vote rewards.
For the beras who can't read:
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