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Deposit as a Liquidity Provider

LPs deposit WETH to provide liquidity for stETH swappers. In return they earn the swap discount as yield, accruing to their share price.

What you need​

  • WETH in your wallet
  • Approval for the vault contract to spend your WETH

Steps​

  1. Approve the vault to spend your WETH (WETH.approve(vaultAddress, amount)).
  2. Call deposit(assets, receiver) - deposits assets WETH and mints seevWETH shares to receiver.
    • Alternatively, call mint(shares, receiver) to specify an exact share amount.
  3. Receive seevWETH shares representing your proportional ownership of vault assets.

Deposit tab - enter amount, approve, confirm deposit

Minimum deposit​

The vault enforces a minimum deposit size (minRedeemShares). Deposits that would result in fewer shares than this minimum are rejected. Check the current minimum on the vault's admin view.

What happens next​

Your WETH joins the vault's liquidity pool. Swappers borrow from it to receive instant WETH, and the discounts they pay increase the value of all LP shares over time.

To exit, see Withdraw.