Start providing liquidity

A vault deposit gives you shares in the liquidity behind one market. Your return depends on fees, trader results, and the value of those shares.

A vault deposit can lose value

The vault pays trader profits and absorbs bad debt. Fees are income, but they do not guarantee a positive return. Withdrawals need available liquidity and can remain blocked after the cooldown. See Risks.

Make your first deposit

1. Open the Zenex app and connect a wallet funded with the market's settlement token.
2. Open the market's Vault and choose Deposit.
3. Enter an amount and review the estimated shares, minimum received, and fees.
4. Review the transaction permissions, then sign.
5. Follow the vault order until it fills or is rejected.

The deposit amount and execution fee move into escrow when the creation transaction confirms. A keeper fills the order later and sends the shares to your wallet. The share estimate can change before that fill. Your minimum received bounds the result after the vault fee.

Understand the exit before you deposit

The Withdraw action creates a redeem order for your shares. It serves a cooldown, then needs a keeper and sufficient available liquidity. Cancellation returns escrow while the market allows it. A frozen market blocks cancellations and withdrawals. Read Deposits and withdrawals for the full order flow. Read Share value for what changes your return.