Deposit
Context:
Each token has a min/max deposit amount
Verified users can deposit assets and mint new tokens
Nectar Yield Tokens are minted and start accruing yield as soon as a deposit is made
The number of yield tokens minted for a given deposit is a function of the latest exchange rate or "price"
Deposits are routed to the Asset Manager who runs the trading strategy
User Steps:
Connect your wallet and select a whitelisted address
Select an amount to deposit. The corresponding amount of yield tokens will be shown.
Select Deposit
Transaction 1: Approve the Nectar contract to spend/transfer the deposit asset
Transaction 2: Confirm the transfer of funds from your address to the Nectar contract
Once completed, the corresponding Nectar yield tokens will appear in your wallet
Deposit Assets At the moment, Nectar just supports deposits in a given yield tokens base asset. Users will be able to zap in additional deposit assets in the near future.
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