How to Deposit

Wallet Connection

Users initiate the deposit process by connecting a supported wallet (e.g., Sui Wallet or Phantom) to the NODO Vault interface. Upon connection, the vault retrieves the user’s USDC balance and displays real-time data (e.g., current conversion rate, estimated NDLP to receive).

USDC Input → NDLP Minting

Once the user inputs the USDC amount and confirms the transaction, the vault mints NDLP tokens at the current conversion rate:

• Example: If the conversion rate is 1.10 and the user deposits 550 USDC → they receive 500 NDLP.

Conversion Rate Logic

Conversion Rate = Total Credited USDC / Total NDLP Supply

This value updates after profit is credited or realized. It ensures that NDLP tokens appreciate over time with vault performance.

Real-Time Balance Update

After the transaction confirms, the user’s NDLP balance is updated, and the Vault dashboard reflects new TVL, user position, and APR.