FAQ
Frequently asked questions on the protocol and its products
Last updated
Frequently asked questions on the protocol and its products
Last updated
You only need a crypto wallet to connect to the app and tokens to make the investment. Stay tuned to not miss the Deposit phase of our new !
Shbank supports all sorts of wallets: Metamask, Ledger, Coinbase, Walletconnect etc
To participate in a vault, the vault needs to be in Deposit State, which usually lasts for a few days and has a maximum capacity. You need to own the underlying tokens to be part of the vault. Check out our Available Tokens.
The vault starts with a Deposit State where users can deposit the underlying token to participate in the investment. It is then followed by the Locked State in which the tokens are locked for the predetermined maturity period of the vault. At the maturity date, the vault permanently transitions into the Release State allowing users to withdraw their tokens, the stable coin yield and the SBK rewards.
The APYs are predicted with a high accuracy, although gas fees and price fluctuations might slightly shift them.
Each vault has a maturity date beyond which, the vault stays permanently in Release State to allow the users to withdraw their tokens and rewards whenever they want.
The convertible vault behavior shouldn't cause users to lose in dollar terms, there are two possible scenarios:
There is no conversion: In that case, the user ends up with the same amount of deposited tokens in addition to the stable coin yield and SBK rewards
There is partial conversion of the tokens: In that case, the user still ends up with more assets and yield than initially deposited in dollar terms
The deposited tokens earn a stable coin and SBK APY displayed by the vault, in addition a proportion of those tokens are converted if the price exceeds the limit price. This event always results in an increase in the portfolio value of the user. Please refer to the Profit Calculator section of each vault for a more accurate simulation.