Understand what happens behind the scenes when you use the app.
How UnifyVault Works Under the Hood 🛠️
You don't need to be a blockchain developer to understand how UnifyVault works. Here is the step-by-step journey:
1. You Deposit USDC 💵
When you deposit USDC into the app, you don't have to buy Bitcoin or Ethereum yourself. The smart contract takes your USDC and automatically buys 60% cbBTC and 40% WETH at the best DEX prices on Base.
2. You Receive UVBE Coins 🪙
In return, the vault mints UVBE Index Coins straight into your wallet. The exact number of coins you get is based on the live Net Asset Value (NAV) calculated in real-time.
3. Oracles Keep Prices Honest 📡
We use Pyth Network and Chainlink (ultra-fast price feeds). They tell the smart contract the exact real-time prices of Bitcoin and Ethereum down to the millisecond. No middleman can manipulate the price.
4. You Redeem Back to USDC Anytime 🔄
Whenever you want to exit or take profits, simply click Redeem. The vault sells your underlying BTC & ETH back into USDC and sends the USDC directly to your wallet.