Deposits and withdrawals

USDG on Robinhood Chain in, USDG on Robinhood Chain out.

Deposits

• Under Deposit, enter an amount and confirm in your wallet. Your wallet approves the USDG once, then calls the Jeets vault contract’s deposit with the amount. You pay Robinhood Chain gas in ETH; Jeets charges nothing.
• The vault records the deposit against the wallet that sent it, and that amount is credited to your Jeets balance once the transaction confirms.

Deposit only through Deposit. USDG sent to the vault with a plain transfer isn’t credited to anyone and can’t be recovered. Other tokens, and USDG on other chains, aren’t credited either.

Withdrawals

• A withdrawal is signed with your wallet. It leaves your balance at once and is paid from the vault to your wallet on Robinhood Chain.
• Each withdrawal costs a flat 1 USDG, taken out of the amount: withdrawing 100 USDG takes 100 from your balance and sends 99 to your wallet, so you can always withdraw your whole balance. Jeets pays the gas for the payout.
• Every withdrawal has its own id, and the vault keeps a receipt for each one it pays, so the same withdrawal can never be paid twice.
• Withdrawals are paid strictly in order. If the vault can’t pay the next one yet, it and those behind it wait, and are paid automatically, in order, once it can.
• Track a withdrawal on the trade page or in the explorer.

The vault holds deposited USDG on your behalf. See Risks.