Vault tokens
Last updated
Last updated
When you stake assets into Cega's vaults and once vaults begin trading, you will receive Cega vault tokens (sent to your wallet) which represent your financial position (PNL) in the smart contract.
There is a different vault token ID (e.g. AGUQx...BbVsE) for different Cega vault trades.
This means that if you are depositing weekly into the same Cega vault (e.g. Gotta Fo Fast), you should expect to see multiple, different Cega vault tokens in your wallet
Users will NOT immediately receive vault tokens when they deposit. This is because user deposits go into a deposit queue and wait there until the queue is process // the vault officially begins trading its 27 day period (see vault lifecycle for more details). Once the deposit queue is processed, users will be sent their Cega vault tokens.
The tokens that you receive represents your on-chain PNL for a given Cega position. For example, vault tokens are initially granted in an amount 1:1 relative to the initial deposit (e.g. deposit $100, receive 100 vault tokens). After a few months of staking with Cega and collecting the yield / auto-compounding vault deposits, your vault tokens will be worth more than $1 each and upon redemption, you will receive the full value of your yields and principal.
Investors can submit withdrawals at any time which will add the request to the withdrawal queue. When a vault expires (27 days), all queued withdrawals are processed and funds are returned to the user’s wallet. Funds that aren’t withdrawn are automatically reinvested in a new 27 day vault for the same investment product
All Cega vault tokens are worth 1 USDC on the day of deposit. As a user continues staking with Cega, that vault token will be worth more to represent the earnings owed to the user when they withdraw.
Yes, unfortunately. Please do not fall for scams, and report all scams or questionable activity to us
Yes. You can deposit $1k, receive vault tokens, and then send those tokens to someone else. That other person will be able to redeem the vault tokens if they choose. The value of the vault token does not change since it is the on-chain representation of your PNL.
Please don’t burn your Cega tokens as we can’t replace them. They are tickets to claiming your original deposits and accrued yield/compounding from the vaults.
Yes! If you send the token to another wallet or friend the tokens can still be redeemed from a different wallet
When users deposit their fund on Solana the tokens will show up as Cega Vault (# Vault Name) in the phantom wallet.
If you're checking your wallet for vault tokens and don't see them, there is a chance you need to manually import the vault token into your wallet. Please find the Cega vault contract address corresponding to the product you invested in to add vault tokens manually. You can find the vault token addresses within the portfolio page: https://app.cega.fi/portfolio.
