Wheel Vault FAQ
Users can deposit into the Thetanuts wheel vault anytime except when the option vault(s) are locked for auction. Users who deposited their assets mid-epoch will not receive yield & their assets would only become an active position once the strike price if the option vault is exercised (similar to a market limit order).
There are two phases to completing a withdrawal- Initiate Withdraw and Claiming Withdrawals
Users can initiate withdrawals from the Thetanuts wheel vault(s) anytime except when the option vault(s) are locked for auction. Once the user initiates withdrawal, the UI will show “withdrawal pending”. Users can cancel their withdrawal anytime before the epoch ends.
Once the user initiates a withdrawal, their assets will join a withdrawal pool before becoming available for claiming. Please note assets in the withdrawal pool will not participate in the next epoch. While users are entitled to option premiums (yield) from the previous epochs, their assets will be converted accordingly if said option vault is being excised next.
Once the epoch have ended, users can claim their withdrawals from the withdrawal pool anytime by clicking the ‘claim’ button.