Guides

Hold Ditto Spot

Create a vault, deposit LONG and USDC, and withdraw.

Create a vault

  1. Open a series whose L is above zero and that has not expired.
  2. Under Ditto Spot on this series, choose Create a vault and approve.

The vault is yours as creator, and anyone can deposit into it. Each wallet runs one vault per feed.

Deposit

  1. You need LONG of the vault's current series. If you have none, mint pairs in that series first; the vault panel links to it.
  2. In the Ditto Spot tab, open the vault and enter how many LONG to deposit.
  3. The app shows the USDC the vault's ratio asks for and the shares you receive.
  4. Choose Deposit and approve.

The first deposit into an empty vault adds L in USDC per LONG and issues 1.000000 share per LONG.

Withdraw

  1. Open the vault and enter how many shares to withdraw, or choose Max.
  2. The app shows the LONG and USDC they return, both rounded down. If the LONG part rounds down, it also tells you which share amount takes the next whole LONG.
  3. Choose Withdraw and approve.

Across the week

Your shares stay the same through every roll; what changes is what the vault holds. During the roll auction deposits and withdrawals pause, and after it the vault holds next week's series. See the weekly roll.