Deposits
Step 1: choose a pool
Select Underwriter, then open a pool from Home or Pools. Check:
- the cover it sells (pair and direction);
- its lengths and markups: the multiple of the fair price it charges for each length;
- its structures and limits: how close to today's rate strikes may be, and how far limits may go;
- how much of its capital is reserved today.
You can deposit into another creator's pool only if they allow outside underwriters.
Step 2: deposit
- Choose Add liquidity.
- Enter the amount, at least 10 USDC.
- Approve with your passkey.
What your deposit does
Your deposit is added to your free money in the pool. It backs contracts sold from now on, never contracts sold before you deposited. It starts earning when the next contract is sold.
Depositing more later works the same way: it adds to your free money.
Choosing what you back
On the pool's page:
| Setting | Effect |
|---|---|
| Back new protection (on or off) | Off: your free money stays in the pool but backs nothing new. Contracts you already back keep their reserve. |
| Longest length | You back only contracts up to this many days. Leave it on any length to back everything the pool sells. |
Use these to stop taking new risk before a withdrawal, or to stay in short contracts only.