Depositing

Depositing into SAM takes one transaction. You send in SUI or USDC and receive a share token that represents your slice of the vault.

Steps

1. Connect your Sui wallet on usesam.xyz.
2. Pick a vault. Deposit SUI to get samSUI, or USDC to get samUSDC.
3. Enter an amount and confirm the transaction in your wallet.
4. You receive samSUI or samUSDC in return.

That share token is your position. Hold it in your wallet, and it grows in value as the vault earns. There is nothing else to manage.

What you receive

The amount of share tokens you get depends on the current share price, not always 1:1. If the vault has already earned yield, each share is worth more than one unit of the underlying, so you receive fewer share tokens, but each one is worth more.

For example, if one samUSDC is currently worth 1.05 USDC, depositing 105 USDC gives you about 100 samUSDC, each redeemable for 1.05 USDC. You always receive fair value. See Shares and the exchange rate.

Note

There is currently no deposit fee, so your full deposit goes to work. The only fees are a small withdraw fee and a performance fee on yield. See Fees and yield.

What happens to your money

The moment you deposit, SAM deploys it across the lending markets it is connected to, keeping a small buffer liquid for instant withdrawals. From then on it earns interest (and harvests bonus rewards) and compounds that back into the share price. You can follow your vault’s allocation and APY live on the app.

Next: How to withdraw.