General

What is the maturity date for the Solomon DeFi vaults?

The maturity date is the date after which the fixed yield is fully realized. Upon reaching the maturity date, users can redeem their deposited amount plus the predetermined interest, such as 1050 svUSDC for a 3-month 1000 USDC deposit at 20% annualized interest.

What does "fixed yield with maturity" mean?

Fixed yield with maturity refers to a predetermined return on your deposit that is guaranteed once you make the deposit. The yield is fixed for the duration of the term, and upon maturity, you will receive your principal plus the accrued interest.

How is the fixed yield determined?

The fixed yield is determined based on the vault's predefined annual percentage yield (APY) and the duration of the deposit. For example, a 20% APY on a 3-month 1000 USDC deposit will result in a fixed return of 1050 svUSDC.

Can I withdraw my funds before the maturity date?

Withdrawals before the maturity date may not be allowed or could result in a penalty. It is advisable to check the specific terms of each vault before making a deposit.