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Depositing Assets into Concrete Vaults

tip

Before starting, you must connect your preferred wallet (e.g., MetaMask) to interact with Concrete. Ensure your wallet is connected and review the Prerequisites article for initial setup.

Step 1: Navigate to the Desired Vault​

  • Go to the Earn section in the platform.
  • Select the asset vault (e.g., ETH Vault) from the list.
    • Key Metrics: Check the displayed total staked value and potential APY.

Step 2: Initiate Deposit​

  • Click the Deposit tab.
  • Enter the amount of the asset you want to deposit (e.g., 3.2 ETH).
    • The interface calculates and shows:
      • The equivalent receipt token (e.g., cETH).
      • Deposit value in USD.
      • Expected earnings in both cETH and rewards.

Step 3: Confirm Deposit​

Review details in the Deposit Collateral modal:

  • Collateral value.
  • Updated Loan-to-Value (LTV) ratio.
  • Improved Liquidation Price for added security.

Step 4: Verify Deposit in Portfolio​

Once confirmed on the blockchain, the updated holdings will be visible:

  • Your Portfolio will show the newly deposited assets.
  • Corresponding receipt tokens (e.g., cETH) reflect your vault balance.