Supercharger vaults can be found under the "Earn" tab. These vaults are single-asset, meaning you only need the asset you are choosing to deposit in order to supply liquidity.
For now, depositing into our Supercharger vaults is a 2-step process.
Step 1: Enter the number of tokens you wish to supply and press the "Deposit" button (if this is your first time you may have to do 2 transactions, 1 to "Approve" and 2 the actual deposit.
Step 2: Once your tokens have been deposited, you will be required to stake those tokens in order to start receiving any yield. Here you enter the number of tokens you wish (usually by clicking "Max" as that is all of the recently deposited tokens) and then press the "Stake" button.
Once again this step may require 2 transactions if it is your first time interacting with the contract, if so you just need to press the "Approve" and then you will be able to stake.
There are two ways to withdraw your funds from Supercharger vaults.
- Instant withdrawal: you can instantly withdraw tokens (up to the limit) with a fee of 0.3%
- Request withdrawal (recommended): this is a two-step process and subject to a 7-day settlement cycle. You can request a withdrawal at any time. Upon the completion of settlement (every Monday), you need to perform another transaction to withdraw the tokens to your wallet. Find tokens available for withdrawals at the bottom of the "Withdraw" tab.
After you have requested a withdrawal, you will see a small icon next to the name of the token.
Yellow: Your withdrawal is pending settlement which happens every Monday
Green: Your funds are ready to be withdrawn (Please note you need to go to the withdraw tab of the vault and click the "Withdraw" button at the bottom)
BTC.b is the wrapped BTC token operated by Avalanche on the Avalanche C-chain. You can convert BTC on the Bitcoin chain to BTC.b using the core wallet extension provided by Avalanche.
WOOFi has launched a BTC.b supercharger vault on Avalanche, where users can deposit single-sided BTC and earn passive yields paid in BTC itself and WOO.