Deposits & MOZ-THE-LP
The Theseus Vault receipt token.
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The Theseus Vault receipt token.
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When users deposit into the Theseus Vault, they receive some "MOZ-THE-LP" token as a receipt for their deposit. All deposits are processed automatically - as a single transaction.
The PRICE of MOZ-THE-LP will fluctuate depending on the change in price of the asset(s) to which the vault has exposure. The vault may 'hold' one OR multiple GM Pool assets at any given time or defer to a stable asset GM Pool if price volatility is deemed unfavourable.
The value of a user's deposit can change depending on the price of MOZ-THE-LP, independent of any yield generated.
Take for example a deposit of $100 at a PRICE of $1.00 per MOZ-THE-LP:
On the first day or after 24 hours, the price of the MOZ-THE-LP appreciates to $1.04, the deposit will now be worth $104 only if the user executes a withdrawal.
On the second day or after 48 hours, the price of MOZ-THE-LP depreciates to $1.02, the deposit will now be worth $102 only if the user executes a withdrawal.
Yield generated is excluded from the above scenario.
MOZ-THE-LP contract address: https://arbiscan.io/address/0x6d8e0ac94fb79cd3520f546ce1c23a6f27f16eac
