> For the complete documentation index, see [llms.txt](https://etherfi.gitbook.io/etherfi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://etherfi.gitbook.io/etherfi/products/liquid/faqs.md).

# FAQs

<details>

<summary>What DeFi protocols does Liquid support?</summary>

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

</details>

<details>

<summary>What is a strategy provider?</summary>

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.

</details>

<details>

<summary>What fees are charged on Liquid?</summary>

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.

</details>

<details>

<summary>How long do withdrawals take?</summary>

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.

</details>

<details>

<summary>Where can I find additional details about a vault?</summary>

Go to the [earn tab](https://www.ether.fi/app/cash/earn/liquid) 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.

</details>

<details>

<summary>What assets can I deposit or withdraw?</summary>

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

</details>

<details>

<summary>How can I see the vault's transparency and which addresses hold funds?</summary>

Go to the [earn tab](https://www.ether.fi/app/cash/earn/liquid) 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.

</details>

<details>

<summary>How is yield paid out?</summary>

All yield is realized in the vault token itself — 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](https://www.ether.fi/app/cash/earn/liquid).

</details>

<details>

<summary>When does yield get paid for the vaults?</summary>

Yield accrual cadence depends on the vault:

* **Veda vaults** — daily
* **Liquid Euro** — Mondays and Fridays
* **Liquid RWA** and **Liquid Reserve** — every weekday

</details>

<details>

<summary>How is Net APY calculated?</summary>

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.

</details>


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://etherfi.gitbook.io/etherfi/products/liquid/faqs.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.