How to participate in a mooVault

This visual guide will walk you through every step in depositing funds in a mooVault

Prerequisites

  • You must have the mooVault underlying token. For WBNB mooVault, you must have WBNB.

  • You must use a supported wallet, either Metamask or Trustwallet.

Walkthrough

1. Go to Beefy app and click on “WALLET”

2. Choose your favorite wallet

3. Choose which Vault you want to deposit into, for example, the WBNB v2 Vault

4. Enter the amount of WBNB that you want to deposit, and click APPROVE

5. Confirm the transaction in your wallet and click “DEPOSIT”

Click on 25%, 50%, 75% or 100% or any percentage to deposit the corresponding proportion of your wallet into the Vault.

Or click “Deposit All” if you would like to deposit 100% of the chosen digital asset from your wallet into the Vault. :::info Please note before you make a deposit that there is a 0.1% withdrawal fee. The longer you leave the deposit to earn returns in the Vault, the more likely your returns will exceed the withdrawal fee. :::

6. Receive your mooToken (in this case it would be mooFryWBNBv2)

The mooToken you receive is your share of the mooFryWBNBv2 Vault. The amount of mooFryWBNBv2 in your wallet will remain constant over time but the value of it will increase as the WBNB Vault earns returns.

The amount of mooFryWBNBv2 you receive will be less than 1 per WBNB you deposited because mooFryWBNBv2 is worth more than WBNB.

That's it, once the harvest function is called, you are already earning yield.