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Depositing and redeeming from the Counterflow Vault is managed via the Vault page on Priest.trade.

1. How to Deposit USDC

Depositing is instant and fee-free:
  1. Navigate to the Vault tab on priest.trade.
  2. Review the current statistics:
    • Vault NAV: Total USDC backing the vault.
    • Historical APY: Rolling annualized yield derived from fees and market surplus.
    • Share Price: Current exchange rate (1 cfUSDC≈X USDC1\text{ cfUSDC} \approx X\text{ USDC}).
  3. Enter the amount of USDC you wish to deposit.
  4. If this is your first deposit, click Approve USDC to authorize the CounterflowVault contract.
  5. Click Deposit.
  6. The contract transfers your USDC into the vault and mints the equivalent amount of cfUSDC shares to your wallet. You immediately begin accruing real yield!

2. The 3-Day Withdrawal Cooldown

To protect long-term liquidity providers from toxic arbitrage, Counterflow implements a 2-step redemption flow with a 3-day cooldown:

Why is there a cooldown?

Without a cooldown, predatory actors could monitor mempool liquidations or market wicks and withdraw their liquidity a split-second before a loss occurs, dodging their share of backing risk while taking all past profits.

Step 1: Request Redemption (requestRedeem)

  1. On the Vault page, switch to the Withdraw tab.
  2. Enter the number of cfUSDC shares you wish to redeem.
  3. Click Request Redemption.
  4. The contract burns your cfUSDC shares from your active balance and locks them in a timestamped RedeemRequest on-chain: Unlock Timestamp=Current Timestamp+3 Days (259,200 seconds)\text{Unlock Timestamp} = \text{Current Timestamp} + \text{3 Days } (259,200\text{ seconds})
  5. A countdown timer will appear on your dashboard showing when your assets become claimable.
Cancel Option: You can cancel a pending redemption request at any time prior to claiming, which returns your cfUSDC shares back to your active balance.

Step 2: Claim Your USDC (claimRedeem)

  1. Once the 3-day cooldown expires, the claim button becomes active.
  2. Click Claim USDC.
  3. The contract evaluates the current share price at claim time and transfers your principal plus all net accrued yields in native USDC directly to your wallet!

3. Immediate vs Phased Liquidity

  • During the 3-day cooldown, your requested shares no longer earn new income, but they remain subject to overall vault accounting until redeemed.
  • This ensures true financial fairness: capital that enjoyed the upside of market fees remains committed through market settlement.