FAQs

How do users earn?

Based on the share prices of their receipt tokens. Say a user deposits 100 SUI and receives 100 eSUI when the share price of the vault was 1.0. Now once the vault curator starts generating interests, the share price of the vault will start to increase, and users will be able to redeem their tokens at the corresponding exchange rate. So say that this week the share price of eSUI goes to from 1.0 to 1.1, then those 100 eSUI that the user has will be redeemable for 110 SUI (10% yield). So no claiming or disbursal is involved here, users will see their earning simply when they redeem their deposit tokens for their receipt tokens.

Is Ember Audited?

Yes, Ember has been audited by Ottersec. You can see the full audit report here: https://ember.so/documents/ember_protocol_audit.pdf

How often do Share Prices update?

Share prices are usually updated every Tuesday and Friday. Newly launched vaults may take up to 2 weeks to update share prices for the first time, as Curators need to deploy capital and kick-off their strategy

How long does it take for a Vault withdrawal to be processed?

All vaults process withdrawals within the specified withdrawal period in the vault details page. Sometimes it may take longer depending on the Curators strategies, since they are actively deploying this capital every day and need to re-balance as withdrawals get requested.

If I redeem my eSui (or other receipt tokens) will the share price be that of the time I redeem it, or when I receive it?

It will be based on the share price at the time of processing the withdrawal.

Is the APY shown on the vault a guarantee?

The APY shown on the Vault is the target APY - the real yield may vary

Why can’t I see my position on Ember?

This could mean your net position is negative. If you have purchased receipt tokens and redeemed them, this could lead to a net negative balance.

For example, purchasing 10 eSui and redeeming it, then depositing $5 of Sui into the vault for eSui would give you a -$5 position.

In order for the position to show again, it will need to be re-balanced.

What are the tokens that are minted on Ember Vaults?

Tokens minted on Ember are Vault token receipts that accrue value over time as the Vault produces yield for your deposit - this is not the same as an Ember protocol token.

What can I do with my Ember tokens?

You can hold your Ember tokens in your wallet as they accrue value, as advertised on the Vault strategy with the target APY.

You can also use your eTokens on Bluefin Lend and earn a higher yield by doing so.

This will also allow you to borrow against your eToken deposits on Lend and loop the capital you borrow into other protocols for leveraged yield.

There are risks associated with DeFi looping strategies, and risk management is the user's sole responsibility.