A user can deposit into the option vault(s) at any point in time except during the auction period when the option vault(s) are locked. Users who deposited their underlying asset mid epoch will not gain any potential upside and are exposed to any potential downside option risks. Therefore, it is highly encouraged for users to check the expiration date of the option vault(s) and initiate their deposit before the current epoch of the option vault(s) expires.
When a new epoch starts, the user's deposits would automatically enter the new epoch and start earning option premiums (yield) in the form of their underlying asset.
There are two phases to completing a withdrawal- Initiate Withdraw and Claiming Withdrawals
A user can initiate withdrawals from the Thetanuts Basic vault(s) at any point in time except during the auction period when the option vault(s) are locked. After a user has initiated a withdrawal, it will show up as “withdrawal pending”. Users can cancel their withdrawal at any point in time before the epoch has ended.
Once the user initiates a withdrawal, their underlying assets will join a withdrawal pool. The underlying assets in the withdrawal pool will not participate in the next epoch cycle. Users will still receive the option premiums (yield) from the previous epochs that they have participated in.
Once the epoch has ended, users can claim their withdrawals from the withdrawal pool at any time by clicking on the claim button.