Deposit and cash out
USDG buys vDEED at the price on the right: the USDG the vault holds divided by the vDEED in issue. Cashing out is the same card the other way, paid in the same transaction, with nothing taken off.
Price of one vDEED
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You pay
Balance —
$
USDGRobinhood Chain
You receive
Balance —
vDEEDVault share
0.00
Put in an amount and this line says, in words, exactly what happens.
Preview No chain, no bank, no money. The arithmetic is the real arithmetic.
Cashing out
Paid in the same transactionThe call burns your vDEED and sends the USDG. There is no request to make and nothing to cancel.
Nothing comes offWhat your vDEED is worth at the price on the day is what you are paid. There is no exit fee.
It cannot be pausedDeposits can be paused. Cashing out cannot, so a holder can always leave.
What the vault holds
- USDG in the vault
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- vDEED in issue
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- Price of one vDEED
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