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Deposit into DAMMstable

DAMMstable takes USD₮0 on Arbitrum One. You deposit through the Lagoon app. Your deposit settles at the fund's next NAV, and then you claim DAMMstable shares.

DAMMstable · deposit walkthrough

What you need​

Approval
An approved wallet. Email [email protected] first.
Network
Arbitrum One (chain ID 42161)
Asset
USD₮0 (0xFd08…bb9)
Gas
A little ETH on Arbitrum
Vault
0xe5d6eb448ac5a762c1ebe8cd1692b9cd08025176
App
Lagoon · DAMM Capital funds

Deposit​

  1. Email us. Write to [email protected] with the wallet address you plan to use. Wait for our reply before you send funds.
  2. Fund your wallet. Hold the USD₮0 you want to deposit on Arbitrum One, plus a little ETH for gas.
  3. Open the fund. Go to DAMM Capital on Lagoon and select DAMM Stablecoin Fund (DAMMstable) on Arbitrum. Or open the vault page directly. Check that the vault address matches the one above.
  4. Connect and enter the amount. Connect your wallet and enter how much USD₮0 to deposit.
  5. Approve, then request. Approve USD₮0 for the vault, then confirm the deposit request. Your USD₮0 moves into the vault's pending area.
  6. Wait for settlement. The request stays pending until DAMM's next NAV settlement. It earns no yield while pending. You can cancel it in the app until the next NAV update is proposed.
  7. Claim your shares. After settlement, your DAMMstable shares are ready. Claim them in the app. They earn yield from settlement onward, claimed or not.

Redeem​

  1. On the fund's Lagoon page, choose to redeem and enter how many shares to redeem.
  2. Confirm the redemption request. It cannot be cancelled once sent.
  3. After the next settlement, claim your USD₮0 in the app.

DAMMstable offers T+1 liquidity when needed. See DAMMstable terms.

Track your position

Connect your wallet on the DAMMstable Lagoon page to see your shares, their value and any pending requests.