๐๏ธSetting Up the Vault
Preparing for Payment using CoVaults
How to Create a Vault:
Connect to Coordinape with the wallet that you wish to use to fund the Vault
Navigate to the Vault UI
Select the org that you would like to create a vault for
Select Create Vault
Select the token you wish to use to fund the Vault and click create the Vault
You can choose either a simple vault that only holds and distributes tokens. OR
You can choose a Yield Generating Vault that utilizes Yearn Vault in the background.
Approve the Transaction
Wait for the Vault to create on-chain
*PLEASE Note - At the time of CoVaults Launch, only one vault of a given token type per org can be created! (You may create a Yearn version and a simple version, e.g. You may create both "Yearn DAI" & "DAI" CoVaults within the same org.)
How to Fund a Vault
Navigate to the Vault Page
Select the Circle you want to fund a vault for
Select the Vault you want to fund and click deposit
Enter the amount you wish to fund
Click the Deposit button and approve the transaction(s) to approve spending the token and sending the transaction.
You can also fund the CoVault with a different wallet via wallet connect if you so choose (Enter Gnosis Safe)
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