For the complete documentation index, see llms.txt. This page is also available as Markdown.

FAQs

What DeFi protocols does Liquid support?

For each vault the defi protocols deployed can be viewed at https://www.ether.fi/app/cash/earn/liquid by choosing the vault your interested in and then clicking breakdown and going to protocols

What is a strategy provider?

The strategy provider is an institutional investor who deploys capital at scale performs risk analysis on protocol and strategies to deploy to. They provide liquidity by fulfilling withdrawals. Nonce Capital is the primary strategy provider for all live vaults.

What fees are charged on Liquid?

A platform fee is charged for vault management. A performance fee may be charged by the Strategy Provider of the vault. This is taken periodically (typically once per day) when the vault rebalances its position. This fee is already reflected in your balance. A small discount ranging from 1 basis point is taken from your LP at time of withdrawal. This discount is charged to compensate for the Solver gas costs of fulfilling the withdrawal.

How long do withdrawals take?

Withdrawals may take up to 3 days in the Withdrawal queue for all vaults except for Liquid RWA which is up to 7D. The up to date withdraw delay can be seen when you open the withdraw modal within the vault page.

Where can I find additional details about a vault?

Go to the earn tab and choose the vault you're interested in. From there:

  • Breakdown shows the protocols, network, and strategies the vault is deployed into, along with their APRs.

  • Your Balance shows the change in your balance and the yield you've earned.

  • Overview gives details about the vault, including TVL, APRs, fees, and a description.

What assets can I deposit or withdraw?

Open the deposit or withdraw modal on the vault page β€” the available deposit and withdraw assets for the chain you're connected to are listed in the dropdown.

How can I see the vault's transparency and which addresses hold funds?

Go to the earn tab and choose the vault you're interested in. At the bottom of the vault page there is a View all contracts link that opens a DeBank bundle listing all of the addresses owned by the vault that deploy funds on its behalf.

How is yield paid out?

All yield is realized in the vault token itself β€” as the underlying strategies earn, the value of your vault token increases rather than paying out a separate reward token. You can view your position and returns on ether.fi's earn page.

When does yield get paid for the vaults?

Yield accrual cadence depends on the vault:

  • Veda vaults β€” daily

  • Liquid Euro β€” Mondays and Fridays

  • Liquid RWA and Liquid Reserve β€” every weekday

How is Net APY calculated?

Net APY is a sum of:

  1. Estimated APY from DeFi protocols and staking yield

  2. Rewards APY from any additional token rewards

Estimated APY is constantly changing due to fluctuating protocol and staking yields. Because of this, the Net APY may fluctuate as well.

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