Step-by-Step Guide
Last updated
Last updated
To get started with the Turbos Automated Rebalance Vault for the SUI-USDC LP pair, begin by connecting your preferred wallet dApp to the Turbos platform. Once connected, navigate to the "Yield Strategy (Beta)" section within the Turbos platform.
In this section, you'll find comprehensive information regarding the total value locked as well as the total accrued rewards and fees associated with the SUI-USDC LP pair.
Under the "All Strategies" column, you'll find the available rebalance vaults. Locate the "SUI/USDC" vault and click on "Join" to begin.
Begin by selecting your preferred liquidity range. The "High Return" range focuses on narrow liquidity ranges, maximizing yield returns during periods of low market volatility. It's essential to note that while high yields are possible, there's an increased risk of impermanent loss if market volatility rises.
On the other hand, the "Low Risk" strategy utilizes broader liquidity ranges to minimize the impact of significant impermanent loss in volatile markets. This option is designed to mitigate the effects of rapid price changes.
For those seeking a customized approach, the custom strategy option allows users to tailor their liquidity ranges and risk exposure to align with their investment goals and market outlook. This flexibility enables users to strike a personalized balance between potential returns and acceptable risk levels.
After selecting your preferred strategy, proceed to choose your deposit amount. You have the option to deposit a single asset denominated in either SUI or USDC. Turbos vault will automatically swap the deposited asset to form a dual-sided LP. Alternatively, you can deposit both SUI and USDC simultaneously.
Please keep in mind that the vault requires a minimum deposit of $10.
After completing the transaction in your wallet dApp, you will receive a pop-up notification confirming the successful creation of your SUI-USDC vault.
In the "My Vault" tab, you can easily view and manage your vault. Here, you'll find details such as the liquidity range, APY, USD value, and total fees and rewards accrued.
To withdraw your liquidity, navigate to your vault and select the desired amount and type of assets you wish to receive. You have the option to withdraw in either a single-sided asset or dual-sided liquidity. If you opt for a single asset withdrawal, Turbos vault will handle the conversion for you.
Once you've input all the necessary information, click "withdraw" and complete the transaction in your wallet.