FAQ
When will I start earning?
To ensure optimal performance and cost efficiency, customized calculations are conducted for each vault. Harvest frequency will be set up for each vault independently and can vary from daily to quarterly, depending on underlying strategies’ gas consumption and the amount of assets deposited into a vault. Harvest time is different for each vault and cannot be predicted in advance.
How do I claim my interest?
All profits are automatically reinvested every time the vault does a harvest, thus profit/interest will increase the price of the vault token.
What does the price of a vault depend on?
Once deposit in Vault, you will receive vault tokens representing your investment. These tokens are xETH, xARB, xUSD etc. The number of these tokens does not increase or decrease over time, if you invested 1 xETH your balance will always be 1 xETH unless you top up or withdraw your investment.
Since the vault consists of several volatile cryptocurrencies, your USD balance is directly dependent on the value of these currencies and the APY received. The APY that your vault tokens gain will increase the vault token price.
Read more about the vault price and earned rewards here: Detailed PnL explained
What are the fees?
The amount of the fee depends on the specific vault, refer to the article Index fees explainedfor details.
What are the risks?
The Defi space is loaded with various kinds of risks, therefore the Locus team urges customers to closely read the detailed description of each vault and Index risks explained.
How to get a Tax form
Locus does not manage or create tax documents. However, there are plenty of services for this:
How can I contact Locus Finance for support?
Locus will never send you a direct message, will never ask you for your Secret Recovery Phrase. If someone does, they're probably trying to scam you.
Our team is available to assist you with any questions or concerns you may have regarding the platform, vaults, or general assistance.
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